Remodeled
For Sale
$730,000
Pending
30 NW 56th Court, Miami, FL 33126
Two separately metered residences each include private backyard space.
Property Size1,450 SF
Days on Market13
Property Features for 30 NW 56th Court
General Information
Standard status
Pending
Size
1,450 SF
Property subtype
Duplex
Site & Location
Neighborhood
Flagami
Highway Access
Yes
Utilities to Site
Yes
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Individually Metered Utilities
electricity, water
Additional Details
Tenant in Place
Yes
Amenities
separate backyards
Building Details
Year Built
1958
Buildings
1
Tenancy
Multi
Listing Agency:
BHHS EWM Realty
(305) 960-2400
Listed By:
Rafael O Rodriguez · License #0600738
(305) 986-9114
Source:
Isaacsrealestate
Added: Oct 19
Changed: Oct 28
Last Checked: Oct 28 at 3:32PM
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 BHHS EWM Realty
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Investment Insights
Based on property information with market context.
This 1,450-square-foot duplex, built in 1958, contains two residences with two bedrooms and one bathroom apiece. Updates include kitchens, appliances, bathrooms, and impact glass windows. Each unit has its own backyard, electric meter, and water meter.
The property is in Miami, with access to Miami International Airport, Coral Gables, the 836 and Palmetto expressways, shops, and restaurants. One residence is occupied under a month-to-month arrangement; the other has a one-year lease.
The property is in Miami, with access to Miami International Airport, Coral Gables, the 836 and Palmetto expressways, shops, and restaurants. One residence is occupied under a month-to-month arrangement; the other has a one-year lease.
Key Highlights
- Two units, each with 2 bedrooms and 1 bathroom
- 1,450 square feet; built in 1958
- Impact glass windows and updated kitchens, appliances, and bathrooms
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,081
Cap Rate
3.98%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$581,620
$581.6K
Cap Rate 7%
$415,443
$415.4K
Cap Rate 9%
$323,122
$323.1K
Market Conditions
NOI Build-Up for 1,450 SF
Gross rent
$44.4K $30.60/SF
− Vacancy
−$2.8K −$1.95/SF
EGI
$41.5K $28.65/SF
− OpEx
−$12.5K −$8.60/SF
NOI
$29.1K $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%
$581,620
Cap Rate 7%
$415,443
Cap Rate 9%
$323,122
Alternative Uses
Best Use
Multifamily LT 5
$415.4K
$363.5K – $484.7K
NOI $29,081 @ 7.0% cap · market cap 3.98%
Second Best
Apartment 5plus
$382.7K
$334.8K – $446.4K
NOI $26,786 @ 7.0% cap · market cap 3.67%
Theoretical Best
Specialty Retail
$978.8K
$856.4K – $1.14M
NOI $68,513 @ 7.0% cap · market cap 9.39%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Lease Details
2
Residential units
Multi-tenant
Tenancy
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,733
Businesses Nearby
Explore this area
Business Placement
Demographics for 33126, FL
48,751
Population
19,725
Households
2.5
Avg Household Size
44
Median Age
28%
College-Educated
77%
High-School Grad
5.4 sq mi
ZIP Area
9,028
Density / Sq Mi
$55,722
Median Household Income
$32,607
Median Earnings
$1,651
Median Rent
$299,800
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 separately metered residences each include private backyard space.
Where is this duplex located?
The property is located at 30 NW 56th Court Miami, FL.
What is the asking price?
The asking price for this property is $730,000.
What are key features of this property?
This property features: Two units, each with 2 bedrooms and 1 bathroom; 1,450 square feet; built in 1958; Impact glass windows and updated kitchens, appliances, and bathrooms
