Leased Duplex Income
2801 SW 24th Street Miami, FL 33145
For Sale
$849,000
Pending
Well-maintained duplex with two leased 3-bedroom, 2-bath units, separate kitchens, private laundry, and central A/C.
Property Size2,805 SF
Lot Size0.16 Acres
Days on Market29
Property Features for 2801 SW 24th Street
General Information
- Standard status
- Pending
- Size
- 2,805 SF
- Lot size
- 0.16 Acres
- Property subtype
- Duplex
Building Details
- Year Built
- 1993
Listing Agency:
Featured Properties Int'l.
(305) 978-3279
Listed By:
Raquel Gonzalez · License #R11153657
(305) 978-3279
Source:
Lehmannflorida
Added: Jun 26
Changed: Jul 21
Last Checked: Jul 23 at 5:27AM
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 Featured Properties Int'l.
Investment Insights
Based on property information with market context.
This well-maintained duplex includes two separate 3-bedroom, 2-bath residences. Each unit offers a living and dining area, a separate kitchen, and private laundry. The property was built in 1993 with CBS construction, a barrel tile roof, and tile flooring throughout, and it features central A/C and hurricane shutters. Separate electric meters are in place, along with municipal water and sewer service, and ample on-site parking.
The property is located in the Silver Bluff area of Miami with convenient access to Coral Gables, Brickell, Downtown Miami, Coconut Grove, major highways, shopping, dining, schools, and public transportation. Both units are currently leased, and appointments are required—please do not disturb tenants.
The property is located in the Silver Bluff area of Miami with convenient access to Coral Gables, Brickell, Downtown Miami, Coconut Grove, major highways, shopping, dining, schools, and public transportation. Both units are currently leased, and appointments are required—please do not disturb tenants.
Key Highlights
- Well‑maintained duplex built in 1993 with CBS construction and barrel tile roof
- Two leased units: each offers 3 bedrooms, 2 bathrooms, plus living and dining areas
- Each unit has a separate kitchen and private laundry
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 | $85.8k | $30.60 |
| − Vacancy | −$5.5k | −$1.95 |
| EGI | $80.4k | $28.65 |
| − OpEx | −$24.1k | −$8.60 |
| NOI | $56.3k | $20.06 |
2,805 SF · lease $30.60/SF/yr · vacancy 6.37% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$803.7K
$703.2K – $937.6K
NOI $56,256 @ 7.0% cap · market cap 6.63%
Second Best
Apartment 5plus
$740.3K
$647.7K – $863.6K
NOI $51,818 @ 7.0% cap · market cap 6.10%
Theoretical Best
Specialty Retail
$1.89M
$1.66M – $2.21M
NOI $132,538 @ 7.0% cap · market cap 15.61%
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 - Well-maintained duplex with two leased 3-bedroom, 2-bath units, separate kitchens, private laundry, and central A/C.
Where is this duplex located?
The property is located at 2801 SW 24th Street Miami, FL.
What is the asking price?
The asking price for this property is $849,000.
What are key features of this property?
This property features: Well‑maintained duplex built in 1993 with CBS construction and barrel tile roof; Two leased units: each offers 3 bedrooms, 2 bathrooms, plus living and dining areas; Each unit has a separate kitchen and private laundry
