Duplex with Rear
For Sale
$1,099,000
2820 SW 32nd Court, Miami, FL 33133
Residential income property with documented square footage and a permitted rear addition completed in 1984.
Property Size2,974 SF
Days on Market72
Property Features for 2820 SW 32nd Court
General Information
Standard status
Active
Size
2,974 SF
Property subtype
Duplex
Site & Location
Neighborhood
Douglas Park
Public Transit
Yes
Taxes and HOA fees
Annual Taxes
$14,609
Building Details
Building Size
2,974 SF
Year Built
1924
Listing Agency:
Florida Capital Realty
Listed By:
George Luis Gil · License #3310528
(786) 346-2406
Source:
Silverleafrealtygroup
Added: Aug 21
Changed: Oct 31
Last Checked: Oct 30 at 7:56PM
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 Florida Capital Realty
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Investment Insights
Based on property information with market context.
This duplex combines original 1924 construction with a legally permitted rear expansion completed in 1984. The property includes multiple residential units, and all square footage is documented. A premium roof was replaced 3 years ago.
The property is located in Silver Bluff, bordering Coral Gables and Coconut Grove. Coral Gables, Coconut Grove, Douglas Park, and the Metrorail are described as being just blocks away, with access toward Brickell and Downtown. Residents currently occupy the property, so showings require appropriate coordination.
The property is located in Silver Bluff, bordering Coral Gables and Coconut Grove. Coral Gables, Coconut Grove, Douglas Park, and the Metrorail are described as being just blocks away, with access toward Brickell and Downtown. Residents currently occupy the property, so showings require appropriate coordination.
Key Highlights
- Duplex with multiple residential units
- 1924 construction paired with a legally permitted 1984 rear expansion
- All square footage is fully documented
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$59,645
Cap Rate
5.43%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,192,900
$1.2M
Cap Rate 7%
$852,071
$852.1K
Cap Rate 9%
$662,722
$662.7K
Market Conditions
NOI Build-Up for 2,974 SF
Gross rent
$91.0K $30.60/SF
− Vacancy
−$5.8K −$1.95/SF
EGI
$85.2K $28.65/SF
− OpEx
−$25.6K −$8.60/SF
NOI
$59.6K $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%
$1,192,900
Cap Rate 7%
$852,071
Cap Rate 9%
$662,722
Alternative Uses
Best Use
Multifamily LT 5
$852.1K
$745.6K – $994.1K
NOI $59,645 @ 7.0% cap · market cap 5.43%
Second Best
Apartment 5plus
$784.9K
$686.8K – $915.7K
NOI $54,940 @ 7.0% cap · market cap 5.00%
Theoretical Best
Specialty Retail
$2.01M
$1.76M – $2.34M
NOI $140,523 @ 7.0% cap · market cap 12.79%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Location Intelligence
Trade Area within ½ mile
2,715
Businesses Nearby
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Business Placement
Demographics for 33133, FL
34,141
Population
17,235
Households
2
Avg Household Size
43
Median Age
62%
College-Educated
95%
High-School Grad
4.2 sq mi
ZIP Area
8,129
Density / Sq Mi
$92,734
Median Household Income
$58,233
Median Earnings
$1,945
Median Rent
$906,800
Median Home Value
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Residential income property with documented square footage and a permitted rear addition completed in 1984.
Where is this duplex located?
The property is located at 2820 SW 32nd Court Miami, FL.
What is the asking price?
The asking price for this property is $1,099,000.
What are key features of this property?
This property features: Duplex with multiple residential units; 1924 construction paired with a legally permitted 1984 rear expansion; All square footage is fully documented
