Fully Remodeled Multifamily
2900 Southwest 4th Street Miami, FL 33135
For Sale
$975,000
Fully remodeled duplex with impact windows and doors, updated interiors, new roof, and on-site parking.
Property Size1,897 SF
Price / SF$513.97
Days on Market173
Property Features for 2900 Southwest 4th Street
General Information
- Standard status
- Active
- Size
- 1,897 SF
- Property subtype
- Multi-Family Income / Duplex
Building Details
- Year Built
- 1925
Listing Agency:
RGI Realty
(305) 812-9048
Listed By:
Roberta Ingletto · License #3247475
(305) 812-9048
Source:
Compass
Added: Feb 1
Changed: Jul 23
Last Checked: Jul 23 at 10:45AM
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 RGI Realty
Investment Insights
Based on property information with market context.
This fully remodeled duplex is configured as a residential income property with updated kitchens, new flooring, modern finishes, and a new roof. Improvements also include impact windows and doors. Two units feature in-unit washer and dryer for added convenience. Ample on-site parking supports day-to-day tenant needs.
The property is located at 2900 Southwest 4th Street in Miami, near Miami Dade College and Little Havana, which may support consistent rental demand.
The current monthly income is reported as $6,450, and the property is described as having an approximately 5.9% in-place cap rate with a low expense profile and minimal ongoing maintenance.
The property is located at 2900 Southwest 4th Street in Miami, near Miami Dade College and Little Havana, which may support consistent rental demand.
The current monthly income is reported as $6,450, and the property is described as having an approximately 5.9% in-place cap rate with a low expense profile and minimal ongoing maintenance.
Key Highlights
- $6,450 in current monthly income from this income‑producing multifamily property
- Approximately 5.9% in‑place cap rate with a low expense profile and minimal ongoing maintenance
- Fully remodeled duplex with updated kitchens, modern finishes, and new 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 | $58.0k | $30.60 |
| − Vacancy | −$3.7k | −$1.95 |
| EGI | $54.4k | $28.65 |
| − OpEx | −$16.3k | −$8.60 |
| NOI | $38.0k | $20.06 |
1,897 SF · lease $30.60/SF/yr · vacancy 6.37% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$543.5K
$475.6K – $634.1K
NOI $38,045 @ 7.0% cap · market cap 3.90%
Second Best
Apartment 5plus
$500.6K
$438.1K – $584.1K
NOI $35,044 @ 7.0% cap · market cap 3.59%
Theoretical Best
Specialty Retail
$1.28M
$1.12M – $1.49M
NOI $89,634 @ 7.0% cap · market cap 9.19%
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 remodeled duplex with impact windows and doors, updated interiors, new roof, and on-site parking.
Where is this duplex located?
The property is located at 2900 Southwest 4th Street Miami, FL.
What is the asking price?
The asking price for this property is $975,000.
What are key features of this property?
This property features: $6,450 in current monthly income from this income‑producing multifamily property; Approximately 5.9% in‑place cap rate with a low expense profile and minimal ongoing maintenance; Fully remodeled duplex with updated kitchens, modern finishes, and new flooring
