Duplex With Renovation
3460 Southwest 24th Terrace Miami, FL 33145
For Sale
$799,900
Duplex in Silver Bluff offered for sale with options to remodel or tear down and rebuild a new duplex.
Property Size1,946 SF
Price / SF$411.05
Days on Market194
Property Features for 3460 Southwest 24th Terrace
General Information
- Standard status
- Active
- Size
- 1,946 SF
- Property subtype
- Multi-Family Income / Duplex
Building Details
- Year Built
- 1929
Listing Agency:
Miami New Realty
(305) 485-3100
Listed By:
M. Cristina Diez · License #0637151
(305) 485-3100
Source:
Compass
Added: Jan 11
Changed: Jul 22
Last Checked: Jul 23 at 8:37AM
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 Miami New Realty
Investment Insights
Based on property information with market context.
This duplex in Silver Bluff is being offered for sale with flexibility for an owner-operator or investor. The property can be remodeled as-is, or considered for a tear-down and rebuild approach to create a new duplex.
The property is located at 3460 Southwest 24th Terrace, Miami, FL 33145. Use the existing site configuration as a starting point for renovation planning or redevelopment.
As a duplex, the asset is suited to buyers looking for a multi-unit residential income property and the ability to tailor the improvements through either renovation or redevelopment.
The property is located at 3460 Southwest 24th Terrace, Miami, FL 33145. Use the existing site configuration as a starting point for renovation planning or redevelopment.
As a duplex, the asset is suited to buyers looking for a multi-unit residential income property and the ability to tailor the improvements through either renovation or redevelopment.
Key Highlights
- Duplex built in 1929
- Options include remodeling the existing duplex or tearing down and rebuilding a new duplex
- Located in Silver Bluff
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 | $59.5k | $30.60 |
| − Vacancy | −$3.8k | −$1.95 |
| EGI | $55.8k | $28.65 |
| − OpEx | −$16.7k | −$8.60 |
| NOI | $39.0k | $20.06 |
1,946 SF · lease $30.60/SF/yr · vacancy 6.37% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$557.5K
$487.9K – $650.5K
NOI $39,028 @ 7.0% cap · market cap 4.88%
Second Best
Apartment 5plus
$513.6K
$449.4K – $599.2K
NOI $35,949 @ 7.0% cap · market cap 4.49%
Theoretical Best
Specialty Retail
$1.31M
$1.15M – $1.53M
NOI $91,949 @ 7.0% cap · market cap 11.50%
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 - Duplex in Silver Bluff offered for sale with options to remodel or tear down and rebuild a new duplex.
Where is this duplex located?
The property is located at 3460 Southwest 24th Terrace Miami, FL.
What is the asking price?
The asking price for this property is $799,900.
What are key features of this property?
This property features: Duplex built in 1929; Options include remodeling the existing duplex or tearing down and rebuilding a new duplex; Located in Silver Bluff
