Duplex Requiring
3636 SW 23rd St, Miami, FL 33145
For Sale
New
$1,450,000
The vacant property needs a new roof and substantial interior and exterior work.
Property Size4,658 SF
Price / SF$335.65
Days on Market5
Property Features for 3636 SW 23rd St
General Information
Standard status
Size
Property subtype
Property Condition
Severity
Evidence
Site & Location
Neighborhood
Additional Details
Asking Price
Multifamily Units
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Listing Agency:
A & G Team Realty, LLC
Listed By:
Leonor Cano-Garrido · License FL #3171328
Source:
Miamibrokersgroup
Added: Nov 9
Changed: Nov 12
Last Checked: Nov 12 at 2:32PM
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 A & G Team Realty, LLC
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Investment Insights
Based on property information with market context.
This duplex at 3636 and 3638 SW 23rd Street in Miami contains 4,320 square feet, with 8 bedrooms and 6 bathrooms. Constructed in 1984, the property is vacant and requires a new roof along with interior and exterior renovation. It is offered in its current condition.
Key Highlights
- Duplex at 3636 and 3638 SW 23rd Street
- 4,320 square feet with 8 bedrooms and 6 bathrooms
- Built in 1984
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$86,640
Cap Rate
5.98%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,732,800
$1.7M
Cap Rate 7%
$1,237,714
$1.2M
Cap Rate 9%
$962,667
$962.7K
Market Conditions
NOI Build-Up for 4,320 SF
Gross rent
$132.2K $30.60/SF
− Vacancy
−$8.4K −$1.95/SF
EGI
$123.8K $28.65/SF
− OpEx
−$37.1K −$8.60/SF
NOI
$86.6K $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%
$1,732,800
Cap Rate 7%
$1,237,714
Cap Rate 9%
$962,667
Alternative Uses
Best Use
Multifamily LT 5
$1.24M
$1.08M – $1.44M
NOI $86,640 @ 7.0% cap · market cap 5.98%
Second Best
Apartment 5plus
$1.14M
$997.6K – $1.33M
NOI $79,805 @ 7.0% cap · market cap 5.50%
Theoretical Best
Specialty Retail
$2.92M
$2.55M – $3.40M
NOI $204,122 @ 7.0% cap · market cap 14.08%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
Location Intelligence
Trade Area within ½ mile
8,726
Businesses Nearby
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Business Placement
Demographics for 33145, FL
29,737
Population
12,773
Households
2.3
Avg Household Size
44
Median Age
42%
College-Educated
85%
High-School Grad
2.5 sq mi
ZIP Area
11,895
Density / Sq Mi
$70,592
Median Household Income
$43,039
Median Earnings
$1,769
Median Rent
$560,300
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Average Price Trend$/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 - The vacant property needs a new roof and substantial interior and exterior work.
Where is this duplex located?
The property is located at 3636 SW 23rd St Miami, FL.
What is the asking price?
The asking price for this property is $1,450,000.
What are key features of this property?
This property features: Duplex at 3636 and 3638 SW 23rd Street; 4,320 square feet with 8 bedrooms and 6 bathrooms; Built in 1984
