Duplex with Gated
For Sale
$575,000
Pending
255 NW 27TH Court, Miami, FL 33125
Multifamily property with a paved driveway, six-car parking, and access to shopping, restaurants, and major highways.
Property Size2,092 SF
Days on Market60
Property Features for 255 NW 27TH Court
General Information
Standard status
Pending
Size
2,092 SF
Property subtype
Duplex
Taxes and HOA fees
Annual Taxes
$8,606
Building Details
Building Size
2,092 SF
Year Built
1959
Listing Agency:
Florida Realty of Miami Corp
Listed By:
Ernesto Vazquez · License #3185963
(305) 495-3198
Source:
Vanessafrankmiami
Added: Aug 19
Changed: Oct 13
Last Checked: Oct 16 at 4:10PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Florida Realty of Miami Corp
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Investment Insights
Based on property information with market context.
This 2,092-square-foot duplex in Miami was built in 1959 and is being offered in its current condition. The property includes a gated yard, paved driveway, and parking for 6 cars. Cosmetic interior repairs are needed, and the sale is as is.
The property is located near major highways, shopping, and restaurants, with Marlins Park, Downtown Miami, and the Design Wynwood District nearby. The beach, airport, and seaport are each approximately 15–20 minutes away. Multifamily neighborhood zoning supports the property’s residential income-use classification.
The property is located near major highways, shopping, and restaurants, with Marlins Park, Downtown Miami, and the Design Wynwood District nearby. The beach, airport, and seaport are each approximately 15–20 minutes away. Multifamily neighborhood zoning supports the property’s residential income-use classification.
Key Highlights
- 2,092‑square‑foot duplex built in 1959
- Gated yard and paved driveway
- Parking for 6 cars
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$41,956
Cap Rate
7.30%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$839,120
$839.1K
Cap Rate 7%
$599,371
$599.4K
Cap Rate 9%
$466,178
$466.2K
Market Conditions
NOI Build-Up for 2,092 SF
Gross rent
$64.0K $30.60/SF
− Vacancy
−$4.1K −$1.95/SF
EGI
$59.9K $28.65/SF
− OpEx
−$18.0K −$8.60/SF
NOI
$42.0K $20.06/SF
Area
Miami, FL
Vacancy
6.37%
Lease Rate
$30.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$839,120
Cap Rate 7%
$599,371
Cap Rate 9%
$466,178
Alternative Uses
Best Use
Multifamily LT 5
$599.4K
$524.5K – $699.3K
NOI $41,956 @ 7.0% cap · market cap 7.30%
Second Best
Apartment 5plus
$552.1K
$483.1K – $644.1K
NOI $38,646 @ 7.0% cap · market cap 6.72%
Theoretical Best
Specialty Retail
$1.41M
$1.24M – $1.65M
NOI $98,848 @ 7.0% cap · market cap 17.19%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
2,910
Businesses Nearby
Explore this area
Business Placement
Demographics for 33125, FL
53,507
Population
22,496
Households
2.4
Avg Household Size
43
Median Age
22%
College-Educated
69%
High-School Grad
3.9 sq mi
ZIP Area
13,720
Density / Sq Mi
$40,940
Median Household Income
$30,648
Median Earnings
$1,427
Median Rent
$377,600
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Multifamily property with a paved driveway, six-car parking, and access to shopping, restaurants, and major highways.
Where is this duplex located?
The property is located at 255 NW 27TH Court Miami, FL.
What is the asking price?
The asking price for this property is $575,000.
What are key features of this property?
This property features: 2,092‑square‑foot duplex built in 1959; Gated yard and paved driveway; Parking for 6 cars
