Duplex With Renovated
New
For Sale
$1,100,000
2935 SW 35th Ave, Miami, FL 33133
Two vacant residences offer separate utility meters and independent laundry appliances.
Property Size2,717 SF
Days on Market7
Property Features for 2935 SW 35th Ave
General Information
Standard status
Active
Size
2,717 SF
Total Parking Spaces
4
Property subtype
Duplex
Site & Location
Highway Access
Yes
Road Access
Yes
Public Transit
Yes
Utilities to Site
Yes
Units
Unit Mix
2 x 3BR/2BA
Multifamily Units
2
Parking per Unit
2
Taxes and HOA fees
Annual Taxes
$760
Building Details
Building Size
2,717 SF
Year Built
1985
Listing Agency:
Keller Williams Eagle Realty
Listed By:
Daniela Ferraro · License #3366721
(305) 757-1700
Source:
Luxeknows
Added: Oct 15
Changed: Oct 19
Last Checked: Oct 21 at 4:31AM
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 Keller Williams Eagle Realty
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Investment Insights
Based on property information with market context.
This 2,717-square-foot duplex, built in 1985, contains two separate residences arranged at the front and rear of the property. Each unit has three bedrooms and two bathrooms, including a primary bedroom with an en-suite bath. Renovations include kitchens with stainless steel appliances, updated bathrooms, and new flooring. Both residences also have their own washer and dryer and separate water and electric meters.
The property is near Coconut Grove, Coral Gables, Little Havana, Brickell, and Downtown Miami, with the Metrorail and US-1 among the nearby transportation options. Restaurants, cafes, retail, and entertainment are also in the surrounding area. Each unit has two front parking spaces, and street parking is available. The property is outside a flood zone.
The property is near Coconut Grove, Coral Gables, Little Havana, Brickell, and Downtown Miami, with the Metrorail and US-1 among the nearby transportation options. Restaurants, cafes, retail, and entertainment are also in the surrounding area. Each unit has two front parking spaces, and street parking is available. The property is outside a flood zone.
Key Highlights
- Two residences, each with 3 bedrooms and 2 bathrooms
- 2,717 square feet; built in 1985
- Separate water and electric meters for each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$54,491
Cap Rate
4.95%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,089,820
$1.1M
Cap Rate 7%
$778,443
$778.4K
Cap Rate 9%
$605,456
$605.5K
Market Conditions
NOI Build-Up for 2,717 SF
Gross rent
$83.1K $30.60/SF
− Vacancy
−$5.3K −$1.95/SF
EGI
$77.8K $28.65/SF
− OpEx
−$23.4K −$8.60/SF
NOI
$54.5K $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%
$1,089,820
Cap Rate 7%
$778,443
Cap Rate 9%
$605,456
Alternative Uses
Best Use
Multifamily LT 5
$778.4K
$681.1K – $908.2K
NOI $54,491 @ 7.0% cap · market cap 4.95%
Second Best
Apartment 5plus
$717.0K
$627.4K – $836.5K
NOI $50,192 @ 7.0% cap · market cap 4.56%
Theoretical Best
Specialty Retail
$1.83M
$1.60M – $2.14M
NOI $128,379 @ 7.0% cap · market cap 11.67%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Lease Details
2
Residential units
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
3,437
Businesses Nearby
Explore this area
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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Two vacant residences offer separate utility meters and independent laundry appliances.
Where is this duplex located?
The property is located at 2935 SW 35th Ave Miami, FL.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: Two residences, each with 3 bedrooms and 2 bathrooms; 2,717 square feet; built in 1985; Separate water and electric meters for each unit
