Duplex with Separate
For Sale
$565,000
2651 NW 33rd St, Miami, FL 33142
Two legal structures provide a duplex configuration with separately metered service.
Property Size1,155 SF
Price / SF$489.18
Days on Market72
Property Features for 2651 NW 33rd St
General Information
Standard status
Active
Size
1,155 SF
Property subtype
Duplex
Site & Location
Neighborhood
Melrose
Units
Multifamily Units
2
Individually Metered Utilities
unspecified utilities
Additional Details
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$8,656
Building Details
Building Size
1,155 SF
Year Built
1949
Buildings
2
Listing Agency:
Fausto Commercial Realty Consultants Inc
Listed By:
Miguel Fuentes · License #3403804
(305) 915-3492
Source:
Insidenetworkco
Added: Aug 20
Changed: Oct 27
Last Checked: Oct 26 at 7:26PM
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
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This duplex comprises two separate structures, both described as legal, with separate meters. The property contains 1,155 square feet and was built in 1949.
The property is on NW 33rd St in Miami, Florida. Tenants are in place.
The property is on NW 33rd St in Miami, Florida. Tenants are in place.
Key Highlights
- Duplex with two separate structures
- Both structures are legal
- Separate meters
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$23,164
Cap Rate
4.10%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$463,280
$463.3K
Cap Rate 7%
$330,914
$330.9K
Cap Rate 9%
$257,378
$257.4K
Market Conditions
NOI Build-Up for 1,155 SF
Gross rent
$35.3K $30.60/SF
− Vacancy
−$2.3K −$1.95/SF
EGI
$33.1K $28.65/SF
− OpEx
−$9.9K −$8.60/SF
NOI
$23.2K $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%
$463,280
Cap Rate 7%
$330,914
Cap Rate 9%
$257,378
Alternative Uses
Best Use
Multifamily LT 5
$330.9K
$289.6K – $386.1K
NOI $23,164 @ 7.0% cap · market cap 4.10%
Second Best
Apartment 5plus
$304.8K
$266.7K – $355.6K
NOI $21,337 @ 7.0% cap · market cap 3.78%
Theoretical Best
Specialty Retail
$779.6K
$682.2K – $909.6K
NOI $54,574 @ 7.0% cap · market cap 9.66%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
1,539
Businesses Nearby
Explore this area
Business Placement
Demographics for 33142, FL
55,425
Population
22,275
Households
2.5
Avg Household Size
39
Median Age
13%
College-Educated
69%
High-School Grad
10.9 sq mi
ZIP Area
5,085
Density / Sq Mi
$37,900
Median Household Income
$29,109
Median Earnings
$1,289
Median Rent
$298,000
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two legal structures provide a duplex configuration with separately metered service.
Where is this duplex located?
The property is located at 2651 NW 33rd St Miami, FL.
What is the asking price?
The asking price for this property is $565,000.
What are key features of this property?
This property features: Duplex with two separate structures; Both structures are legal; Separate meters
