Four-Unit Property with
For Sale
$1,300,000
27 NE 60th Ter, Miami, FL 33137
Quadplex offering four two-bedroom apartments, each with a den and one bathroom.
Property Size2,804 SF
Price / SF$463.62
Days on Market53
Property Features for 27 NE 60th Ter
General Information
Standard status
Active
Size
2,804 SF
Property subtype
Quadruplex
Units
Unit Mix
4 x 2BR/1BA + den
Multifamily Units
4
Additional Details
Opportunity Zone
Yes
Taxes and HOA fees
Annual Taxes
$14,575
Building Details
Building Size
2,804 SF
Year Built
1929
Listing Agency:
Canvas Real Estate
Listed By:
Niky Nammur · License #3493037
(786) 201-9728
Source:
Casacollectiongroup
Added: Aug 29
Changed: Oct 17
Last Checked: Oct 19 at 4:54PM
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 Canvas Real Estate
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Investment Insights
Based on property information with market context.
This 1929 quadplex contains four apartments within 2,804 square feet. Each residence is configured with two bedrooms, one bathroom, and a den, providing a consistent layout across the property. The building is offered as-is, and its 40-year certification has been completed.
The property is located at 27 NE 60th Ter in Miami, near Magic City Casino, Midtown, Wynwood, and the Miami Design District. It is also situated within an Opportunity Zone. The four-unit configuration offers a straightforward multifamily layout with matching apartment plans throughout the building.
The property is located at 27 NE 60th Ter in Miami, near Magic City Casino, Midtown, Wynwood, and the Miami Design District. It is also situated within an Opportunity Zone. The four-unit configuration offers a straightforward multifamily layout with matching apartment plans throughout the building.
Key Highlights
- Four‑unit quadplex with 4 apartments
- Each apartment includes 2 bedrooms, 1 bathroom, and a den
- 2,804 square feet of property size
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$56,236
Cap Rate
4.33%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,124,720
$1.1M
Cap Rate 7%
$803,371
$803.4K
Cap Rate 9%
$624,844
$624.8K
Market Conditions
NOI Build-Up for 2,804 SF
Gross rent
$85.8K $30.60/SF
− Vacancy
−$5.5K −$1.95/SF
EGI
$80.3K $28.65/SF
− OpEx
−$24.1K −$8.60/SF
NOI
$56.2K $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%
$1,124,720
Cap Rate 7%
$803,371
Cap Rate 9%
$624,844
Alternative Uses
Best Use
Multifamily LT 5
$803.4K
$703.0K – $937.3K
NOI $56,236 @ 7.0% cap · market cap 4.33%
Second Best
Apartment 5plus
$740.0K
$647.5K – $863.3K
NOI $51,799 @ 7.0% cap · market cap 3.98%
Theoretical Best
Specialty Retail
$1.89M
$1.66M – $2.21M
NOI $132,490 @ 7.0% cap · market cap 10.19%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
4
Residential units
Location Intelligence
Trade Area within ½ mile
2,310
Businesses Nearby
Explore this area
Business Placement
Demographics for 33137, FL
25,763
Population
15,237
Households
1.7
Avg Household Size
37
Median Age
51%
College-Educated
90%
High-School Grad
2.0 sq mi
ZIP Area
12,882
Density / Sq Mi
$82,798
Median Household Income
$53,519
Median Earnings
$2,338
Median Rent
$532,900
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?
Quadplex - Quadplex offering four two-bedroom apartments, each with a den and one bathroom.
Where is this quadplex located?
The property is located at 27 NE 60th Ter Miami, FL.
What is the asking price?
The asking price for this property is $1,300,000.
What are key features of this property?
This property features: Four‑unit quadplex with 4 apartments; Each apartment includes 2 bedrooms, 1 bathroom, and a den; 2,804 square feet of property size
