Renovated Duplex with Gated
2727 SW 24th St Miami, FL 33145
For Sale
Contact for pricing
Renovated duplex offers two 2BR/2BA detached units with separate entrances, gated parking, and central A/C.
Property Size1,979 SF
Lot Size0.16 Acres
Price / SF$454.27
Days on Market56
Property Features for 2727 SW 24th St
General Information
- Standard status
- Active
- Size
- 1,979 SF
- Lot size
- 0.16 Acres
- Property subtype
- Multifamily
Building Details
- Year Built
- 1957
Listing Agency:
Landy Toledo LLC
(305) 389-2511
Listed By:
Landy Toledo · License #0203706
Source:
Crexi
Added: May 29
Changed: Jul 22
Last Checked: Jul 23 at 6:26AM
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 Landy Toledo LLC
Investment Insights
Based on property information with market context.
Renovated duplex featuring two fully detached structures on a 6,950 SF lot. Each unit is configured as a 2BR/2BA with its own separate entrance, central A/C, and updated interiors including renovated kitchens, bathrooms, and laminate flooring throughout. The property also includes gated parking and separate water and electric meters for each unit.
Both units are currently fully leased on annual leases through the end of 2026. Combined living area totals 1,826 SF, and the property is reporting $5,075 per month in gross rental income ($60,900 annually).
This setup provides a straightforward, duplex-style income structure with independent unit access and individually metered utilities.
Both units are currently fully leased on annual leases through the end of 2026. Combined living area totals 1,826 SF, and the property is reporting $5,075 per month in gross rental income ($60,900 annually).
This setup provides a straightforward, duplex-style income structure with independent unit access and individually metered utilities.
Key Highlights
- Renovated 1957 duplex in Shenandoah/Silver Bluff with two detached structures
- Two separate 2BR/2BA units, each with its own entrance
- Combined 1,826 SF living area with updated kitchens, bathrooms, and laminate flooring
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 | $60.6k | $30.60 |
| − Vacancy | −$3.9k | −$1.95 |
| EGI | $56.7k | $28.65 |
| − OpEx | −$17.0k | −$8.60 |
| NOI | $39.7k | $20.06 |
1,979 SF · lease $30.60/SF/yr · vacancy 6.37% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$567.0K
$496.1K – $661.5K
NOI $39,690 @ 7.0% cap · market cap 4.41%
Second Best
Apartment 5plus
$522.3K
$457.0K – $609.3K
NOI $36,559 @ 7.0% cap · market cap 4.07%
Theoretical Best
Specialty Retail
$1.34M
$1.17M – $1.56M
NOI $93,509 @ 7.0% cap · market cap 10.40%
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 - Renovated duplex offers two 2BR/2BA detached units with separate entrances, gated parking, and central A/C.
Where is this duplex located?
The property is located at 2727 SW 24th St Miami, FL.
What is the asking price?
The asking price for this property is $899,000.
What are key features of this property?
This property features: Renovated 1957 duplex in Shenandoah/Silver Bluff with two detached structures; Two separate 2BR/2BA units, each with its own entrance; Combined 1,826 SF living area with updated kitchens, bathrooms, and laminate flooring
