Duplex with Fenced
2927 NW 60th St, Miami, FL 33142
For Sale
$409,000
Pending
Two 704-square-foot units feature wall and window cooling, wall furnaces, and a fenced exterior with lighting.
Property Size704 SF
Days on Market140
Property Features for 2927 NW 60th St
General Information
Standard status
Size
Property subtype
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Listing Agency:
Perna Realty Group
Listed By:
Anthony Martinez · License FL #0609334
(305) 450-9809
Source:
Vanessafrankmiami
Added: Jun 24
Changed: Nov 8
Last Checked: Nov 10 at 4:19PM
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 Perna Realty Group
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Investment Insights
Based on property information with market context.
This duplex in Miami has two units totaling 704 square feet. Built in 1948, the property is equipped with wall/window unit cooling and wall furnaces. Fencing and exterior lighting are also present.
The property is at 2927 NW 60th St in Miami, Florida, in Miami-Dade County.
The property is at 2927 NW 60th St in Miami, Florida, in Miami-Dade County.
Key Highlights
- 704 square feet of property area
- Built in 1948
- Wall/window unit cooling and wall furnaces
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$14,119
Cap Rate
3.45%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$282,380
$282.4K
Cap Rate 7%
$201,700
$201.7K
Cap Rate 9%
$156,878
$156.9K
Market Conditions
NOI Build-Up for 704 SF
Gross rent
$21.5K $30.60/SF
− Vacancy
−$1.4K −$1.95/SF
EGI
$20.2K $28.65/SF
− OpEx
−$6.1K −$8.60/SF
NOI
$14.1K $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%
$282,380
Cap Rate 7%
$201,700
Cap Rate 9%
$156,878
Alternative Uses
Best Use
Multifamily LT 5
$201.7K
$176.5K – $235.3K
NOI $14,119 @ 7.0% cap · market cap 3.45%
Second Best
Apartment 5plus
$185.8K
$162.6K – $216.8K
NOI $13,005 @ 7.0% cap · market cap 3.18%
Theoretical Best
Specialty Retail
$475.2K
$415.8K – $554.4K
NOI $33,264 @ 7.0% cap · market cap 8.13%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
1,121
Businesses Nearby
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Business Placement
Demographics for 33142, FL
55,425
Population
22,275
Households
2.5
Avg Household Size
39
Median Age
13%
College-Educated
69%
High-School Grad
10.9 sq mi
ZIP Area
5,085
Density / Sq Mi
$37,900
Median Household Income
$29,109
Median Earnings
$1,289
Median Rent
$298,000
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Miami, FL
Properties on Market for Duplexes in Miami
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two 704-square-foot units feature wall and window cooling, wall furnaces, and a fenced exterior with lighting.
Where is this duplex located?
The property is located at 2927 NW 60th St Miami, FL.
What is the asking price?
The asking price for this property is $409,000.
What are key features of this property?
This property features: 704 square feet of property area; Built in 1948; Wall/window unit cooling and wall furnaces
