Miami Duplex on Large
2600 Southwest 2nd Street Miami, FL 33135
2600 Southwest 2nd Street, Miami, FL, 33135
$725,000
For Sale
$725,000
Legal duplex with value-add potential in a prime location.
Property Size2,625 SF
Price / SF$276.19
Days on Market177
Property Features for 2600 Southwest 2nd Street
General Information
- Standard status
- Active
- Size
- 2,625 SF
- Property subtype
- Residential Income / Duplex
Building Details
- Year Built
- 1928
Listing Agency
Fausto Commercial Realty Consultants Inc
(305) 753-3295
Listed by
Christopher Carbonell · License #3533720
(305) 753-3295
Source
Compass
Added: Jan 21 Checked: Jul 10 at 12:18 pm
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 Fausto Commercial Realty Consultants Inc
Investment Insights
Based on property information with market context.
This legal two-unit multifamily property is situated on a 7,500 square foot lot in a highly accessible urban area. The property features a front house with 5 bedrooms and 2 bathrooms, and a rear house, constructed in the 1970s, with 2 bedrooms and 1 bathroom. Both units have likely been renovated and include central air conditioning. On-site laundry facilities enhance tenant convenience. The property is currently occupied and income-producing, presenting value-add potential, especially through updates to the front residence. The location offers excellent connectivity, with immediate access to SW 27th Avenue and Flagler Street. Tenants benefit from proximity to major employment and lifestyle hubs, including Downtown Miami, Brickell, Miami International Airport, the Health District, Coral Gables, and surrounding retail, dining, and entertainment areas. This duplex represents a solid investment opportunity in a supply-constrained submarket, appealing to investors seeking durable cash flow, a flexible unit mix, and long-term urban infill upside.
Key Highlights
- Legal duplex in a well‑located urban area.
- Large 7,500 SF lot.
- Strong connectivity to major employment and lifestyle hubs including Downtown Miami, Brickell and the Airport.
Local Financial Insights For Multifamily LT 5
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $80.3k | $30.60 |
| − Vacancy | −$5.1k | −$1.95 |
| EGI | $75.2k | $28.65 |
| − OpEx | −$22.6k | −$8.60 |
| NOI | $52.6k | $20.06 |
2,625 SF · lease $30.60/SF/yr · vacancy 6.37% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$752.1K
$658.1K – $877.4K
NOI $52,646 @ 7.0% cap · market cap 7.26%
Second Best
Apartment 5plus
$692.8K
$606.2K – $808.2K
NOI $48,493 @ 7.0% cap · market cap 6.69%
Theoretical Best
Specialty Retail
$1.77M
$1.55M – $2.07M
NOI $124,032 @ 7.0% cap · market cap 17.11%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Legal duplex with value-add potential in a prime location.
Where is this duplex located?
The property is located at 2600 Southwest 2nd Street Miami, FL.
What is the asking price?
The asking price for this property is $725,000.
What are key features of this property?
This property features: Legal duplex in a well‑located urban area.; Large 7,500 SF lot.; Strong connectivity to major employment and lifestyle hubs including Downtown Miami, Brickell and the Airport.
