Upgraded Duplex with Impact
For Sale
$649,000
3001 NW 106th St, Miami, FL 33147
Attached two-unit property with separate addresses and recent major system upgrades.
Property Size1,634 SF
Days on Market65
Property Features for 3001 NW 106th St
General Information
Standard status
Active
Size
1,634 SF
Property subtype
Duplex
Additional Details
Multifamily Units
2
Taxes and HOA fees
Annual Taxes
$8,352
Building Details
Building Size
1,634 SF
Year Built
1951
Listing Agency:
AmeriFirst Realty
Listed By:
Jose Cabrera · License #3056608
(954) 701-3802
Source:
Marcelosteinmander
Added: Aug 14
Changed: Oct 13
Last Checked: Oct 16 at 3:29PM
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 AmeriFirst Realty
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Investment Insights
Based on property information with market context.
This 2,563-square-foot duplex, built in 1951, contains two attached residential units with separate individual addresses. Recent property improvements include a new roof, new A/C systems, and impact windows. The configuration provides two distinct living spaces within one residential asset.
The property is located at 3001 NW 106th St in Miami, Florida, with zoning identified as 5700. Its two-unit layout and separate addresses support operational separation between the residences while maintaining a single-property footprint.
The property is located at 3001 NW 106th St in Miami, Florida, with zoning identified as 5700. Its two-unit layout and separate addresses support operational separation between the residences while maintaining a single-property footprint.
Key Highlights
- Two attached residential units with separate individual addresses
- 2,563 square feet of building area
- New roof installed as a recent improvement
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$32,771
Cap Rate
5.05%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$655,420
$655.4K
Cap Rate 7%
$468,157
$468.2K
Cap Rate 9%
$364,122
$364.1K
Market Conditions
NOI Build-Up for 1,634 SF
Gross rent
$50.0K $30.60/SF
− Vacancy
−$3.2K −$1.95/SF
EGI
$46.8K $28.65/SF
− OpEx
−$14.0K −$8.60/SF
NOI
$32.8K $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%
$655,420
Cap Rate 7%
$468,157
Cap Rate 9%
$364,122
Alternative Uses
Best Use
Multifamily LT 5
$468.2K
$409.6K – $546.2K
NOI $32,771 @ 7.0% cap · market cap 5.05%
Second Best
Apartment 5plus
$431.2K
$377.3K – $503.1K
NOI $30,186 @ 7.0% cap · market cap 4.65%
Theoretical Best
Specialty Retail
$1.10M
$965.1K – $1.29M
NOI $77,207 @ 7.0% cap · market cap 11.90%
Zoning and permitted uses should be independently verified with authorities.
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Current Use
Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
628
Businesses Nearby
Explore this area
Business Placement
Demographics for 33147, FL
48,823
Population
16,220
Households
3
Avg Household Size
39
Median Age
15%
College-Educated
77%
High-School Grad
7.2 sq mi
ZIP Area
6,781
Density / Sq Mi
$47,728
Median Household Income
$33,385
Median Earnings
$1,359
Median Rent
$301,300
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 - Attached two-unit property with separate addresses and recent major system upgrades.
Where is this duplex located?
The property is located at 3001 NW 106th St Miami, FL.
What is the asking price?
The asking price for this property is $649,000.
What are key features of this property?
This property features: Two attached residential units with separate individual addresses; 2,563 square feet of building area; New roof installed as a recent improvement
