Updated Duplex Income
2815 Southwest 36th Avenue Miami, FL 33133
For Sale
$1,149,000
Fully updated duplex features a 3-bedroom unit and a 2-bedroom unit, with a brand-new roof and new central A/C.
Property Size2,492 SF
Price / SF$461.08
Days on Market577
Property Features for 2815 Southwest 36th Avenue
General Information
- Standard status
- Active
- Size
- 2,492 SF
- Property subtype
- Multi-Family Income / Duplex
Building Details
- Year Built
- 1966
Listing Agency:
Miami New Realty
(305) 485-3100
Listed By:
Rosibert Trujillo · License #3308449
(305) 485-3100
Source:
Compass
Added: Dec 24, 2024
Changed: Jul 21
Last Checked: Jul 23 at 6:32AM
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 Miami New Realty
Investment Insights
Based on property information with market context.
This fully updated duplex includes two separate residential units: a 3-bedroom, 2-bath unit and a 2-bedroom, 1-bath unit. The property has a brand-new roof, new central A/C, and freshly painted interiors and exteriors, supporting a move-in or rent-ready configuration.
The duplex is located at 2815 Southwest 36th Avenue in Miami, FL, and is described as being minutes from several Coral Gables and Miami destinations, including Coconut Grove, Miracle Mile, The Plaza Coral Gables, Merrick Park, and nearby areas such as Wynwood, Midtown, Design District, and Brickell.
One unit is currently rented, providing immediate rental income based on the property’s existing tenancy.
The duplex is located at 2815 Southwest 36th Avenue in Miami, FL, and is described as being minutes from several Coral Gables and Miami destinations, including Coconut Grove, Miracle Mile, The Plaza Coral Gables, Merrick Park, and nearby areas such as Wynwood, Midtown, Design District, and Brickell.
One unit is currently rented, providing immediate rental income based on the property’s existing tenancy.
Key Highlights
- Fully updated duplex built in 1966 with two units: a 3 bed/2 bath unit and a 2 bed/1 bath unit
- Brand‑new roof and new central A/C
- Freshly painted interiors and exteriors
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 | $76.3k | $30.60 |
| − Vacancy | −$4.9k | −$1.95 |
| EGI | $71.4k | $28.65 |
| − OpEx | −$21.4k | −$8.60 |
| NOI | $50.0k | $20.06 |
2,492 SF · lease $30.60/SF/yr · vacancy 6.37% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$714.0K
$624.7K – $833.0K
NOI $49,978 @ 7.0% cap · market cap 4.35%
Second Best
Apartment 5plus
$657.7K
$575.5K – $767.3K
NOI $46,036 @ 7.0% cap · market cap 4.01%
Theoretical Best
Specialty Retail
$1.68M
$1.47M – $1.96M
NOI $117,748 @ 7.0% cap · market cap 10.25%
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 - Fully updated duplex features a 3-bedroom unit and a 2-bedroom unit, with a brand-new roof and new central A/C.
Where is this duplex located?
The property is located at 2815 Southwest 36th Avenue Miami, FL.
What is the asking price?
The asking price for this property is $1,149,000.
What are key features of this property?
This property features: Fully updated duplex built in 1966 with two units: a 3 bed/2 bath unit and a 2 bed/1 bath unit; Brand‑new roof and new central A/C; Freshly painted interiors and exteriors
