Well-Maintained Duplex with Month-to-Month
37 NE 168th St North Miami Beach, FL 33162
For Sale
Contact for pricing
Duplex with a recently installed roof and month-to-month tenants, near Jackson North Hospital with major highway access.
Property Size2,475 SF
Price / SF$262.63
Days on Market70
Property Features for 37 NE 168th St
General Information
- Standard status
- Active
- Size
- 2,475 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1967
Listing Agency:
LEO Realty, Inc.
(786) 306-0390
Listed By:
Leopold Evariste · License #0576403
Source:
Crexi
Added: May 15
Changed: Jul 23
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 LEO Realty, Inc.
Investment Insights
Based on property information with market context.
This well-maintained duplex is currently occupied by tenants on month-to-month terms. The property has a brand-new roof recently installed, supporting ongoing exterior durability and reduced near-term maintenance concerns.
Located near Jackson North Hospital at 37 NE 168th St in North Miami Beach, the property offers convenient access to major roadways including I-95, the Turnpike, Palmetto, 441, and State Road 9. For additional details and to schedule a showing, contact your broker.
Located near Jackson North Hospital at 37 NE 168th St in North Miami Beach, the property offers convenient access to major roadways including I-95, the Turnpike, Palmetto, 441, and State Road 9. For additional details and to schedule a showing, contact your broker.
Key Highlights
- Duplex built in 1967
- Brand new roof recently installed
- Tenants are on month‑to‑month leases
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 | $62.4k | $25.20 |
| − Vacancy | −$3.4k | −$1.39 |
| EGI | $58.9k | $23.81 |
| − OpEx | −$17.7k | −$7.14 |
| NOI | $41.3k | $16.67 |
2,475 SF · lease $25.20/SF/yr · vacancy 5.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$589.4K
$515.7K – $687.6K
NOI $41,258 @ 7.0% cap · market cap 6.35%
Second Best
Apartment 5plus
$543.8K
$475.8K – $634.4K
NOI $38,064 @ 7.0% cap · market cap 5.86%
Theoretical Best
Office A
$1.26M
$1.10M – $1.46M
NOI $87,897 @ 7.0% cap · market cap 13.52%
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 with a recently installed roof and month-to-month tenants, near Jackson North Hospital with major highway access.
Where is this duplex located?
The property is located at 37 NE 168th St North Miami Beach, FL.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: Duplex built in 1967; Brand new roof recently installed; Tenants are on month‑to‑month leases
