Two-Unit Duplex with Private
For Sale
$425,000
Pending
3651 SW 60th Ter & S # N, Miramar, FL 33023
Both residences include updated kitchens, in-unit laundry, and assigned parking.
Property Size1,699 SF
Days on Market9
Property Features for 3651 SW 60th Ter & S # N
General Information
Standard status
Pending
Size
1,699 SF
Total Parking Spaces
4
Property subtype
Residential Income
Zoning
RM4
Taxes and HOA fees
Annual Taxes
$8,987
Building Details
Building Size
1,699 SF
Year Built
1974
Stories
1
Listing Agency:
Real Broker LLC
Listed By:
Lance Randall · License #3360096
(954) 214-8263
Source:
Laerrealty
Added: Sep 28
Changed: Oct 3
Last Checked: Oct 5 at 4:02PM
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 Real Broker LLC
Investment Insights
Based on property information with market context.
This 1,699-square-foot duplex in Miramar contains two residences, each arranged with two bedrooms and one bathroom. Kitchens include a refrigerator, range/oven, microwave, and dishwasher, while a washer and dryer are provided inside each unit. Separate electric meters serve the residences, and the property has a large backyard. Built in 1974, the duplex is zoned RM4 and is fully rented.
The property is a few blocks from the Florida Turnpike, with Hard Rock Stadium and Gulfstream Park described as minutes away. Shopping, dining, and entertainment are also nearby, along with access to Fort Lauderdale-Hollywood and Miami International airports.
The property is a few blocks from the Florida Turnpike, with Hard Rock Stadium and Gulfstream Park described as minutes away. Shopping, dining, and entertainment are also nearby, along with access to Fort Lauderdale-Hollywood and Miami International airports.
Key Highlights
- Two residences, each with 2 bedrooms and 1 bathroom
- 1,699 square feet; built in 1974
- RM4 zoning
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$19,947
Cap Rate
4.69%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$398,940
$398.9K
Cap Rate 7%
$284,957
$285.0K
Cap Rate 9%
$221,633
$221.6K
Market Conditions
NOI Build-Up for 1,699 SF
Gross rent
$29.4K $17.28/SF
− Vacancy
−$863 −$0.51/SF
EGI
$28.5K $16.77/SF
− OpEx
−$8.5K −$5.03/SF
NOI
$19.9K $11.74/SF
Area
Miramar, FL
Vacancy
2.94%
Lease Rate
$17.28 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$398,940
Cap Rate 7%
$284,957
Cap Rate 9%
$221,633
Alternative Uses
Best Use
Multifamily LT 5
$285.0K
$249.3K – $332.5K
NOI $19,947 @ 7.0% cap · market cap 4.69%
Second Best
Apartment 5plus
$249.9K
$218.7K – $291.6K
NOI $17,494 @ 7.0% cap · market cap 4.12%
Theoretical Best
Specialty Retail
$790.7K
$691.8K – $922.5K
NOI $55,347 @ 7.0% cap · market cap 13.02%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
1,401
Businesses Nearby
Explore this area
Business Placement
Demographics for 33023, FL
66,749
Population
22,450
Households
3
Avg Household Size
38
Median Age
20%
College-Educated
84%
High-School Grad
8.8 sq mi
ZIP Area
7,585
Density / Sq Mi
$70,003
Median Household Income
$35,093
Median Earnings
$1,621
Median Rent
$344,500
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Both residences include updated kitchens, in-unit laundry, and assigned parking.
Where is this duplex located?
The property is located at 3651 SW 60th Ter & S # N Miramar, FL.
What is the asking price?
The asking price for this property is $425,000.
What are key features of this property?
This property features: Two residences, each with 2 bedrooms and 1 bathroom; 1,699 square feet; built in 1974; RM4 zoning
