One-Story Duplex With 1/1
2644 SW 28th Ct Miami, FL 33133
For Sale
Contact for pricing
Tenant-occupied duplex features two 1/1 units, with residents paying water, electricity, and cable.
Property Size1,424 SF
Price / SF$371.49
Days on Market66
Property Features for 2644 SW 28th Ct
General Information
- Standard status
- Active
- Size
- 1,424 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1963
Listing Agency:
Jeanne Baker Real Estate, LLC.
Listed By:
Luis Alvarez · License #3081824
Source:
Crexi
Added: May 20
Changed: Jul 22
Last Checked: Jul 23 at 2:47PM
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 Jeanne Baker Real Estate, LLC.
Investment Insights
Based on property information with market context.
This one-story duplex offers a two-unit layout with 1/1 on each side. The property is currently tenant-occupied, and tenants pay for water, electricity, and cable.
The duplex is located in the South Bay community in Miami, positioned close to Coconut Grove and the Beaches inside the city.
For showings, a minimum 48-hour notice is required, and appointments must be coordinated with the listing agent. Cash buyers only per the seller.
The duplex is located in the South Bay community in Miami, positioned close to Coconut Grove and the Beaches inside the city.
For showings, a minimum 48-hour notice is required, and appointments must be coordinated with the listing agent. Cash buyers only per the seller.
Key Highlights
- Tenant‑occupied 1‑story duplex built in 1963 with two 1/1 units
- Each unit is 1 bed, 1 bath (1/1 each side)
- Tenants pay for water, electricity, and cable
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 | $43.6k | $30.60 |
| − Vacancy | −$2.8k | −$1.95 |
| EGI | $40.8k | $28.65 |
| − OpEx | −$12.2k | −$8.60 |
| NOI | $28.6k | $20.06 |
1,424 SF · lease $30.60/SF/yr · vacancy 6.37% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$408.0K
$357.0K – $476.0K
NOI $28,559 @ 7.0% cap · market cap 5.40%
Second Best
Apartment 5plus
$375.8K
$328.8K – $438.4K
NOI $26,306 @ 7.0% cap · market cap 4.97%
Theoretical Best
Specialty Retail
$961.2K
$841.1K – $1.12M
NOI $67,285 @ 7.0% cap · market cap 12.72%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Tenant-occupied duplex features two 1/1 units, with residents paying water, electricity, and cable.
Where is this duplex located?
The property is located at 2644 SW 28th Ct Miami, FL.
What is the asking price?
The asking price for this property is $529,000.
What are key features of this property?
This property features: Tenant‑occupied 1‑story duplex built in 1963 with two 1/1 units; Each unit is 1 bed, 1 bath (1/1 each side); Tenants pay for water, electricity, and cable
