Three-Unit Residential
39 SW 114th Ave, Sweetwater, FL 33174
For Sale
$899,000
Pending
Three separate apartments are configured as a 2-bedroom unit, a second 2-bedroom unit, and a 1-bedroom unit.
Property Size2,488 SF
Lot Size0.26 Acres
Days on Market92
Property Features for 39 SW 114th Ave
General Information
Standard status
Size
Lot size
Property subtype
Units
Unit Mix
Multifamily Units
Additional Details
Highway Access
Tenant in Place
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Buildings
Tenancy
Listing Agency:
Compass Florida, LLC
Listed By:
Iliette Oliveros · License FL #0629984
(305) 667-4815
Source:
Maggirealty
Added: Aug 11
Changed: Nov 8
Last Checked: Nov 9 at 9:37AM
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 Compass Florida, LLC
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This 2,488-square-foot residential property sits on an 11,270-square-foot lot and is arranged as three separate apartments. The unit mix comprises two 2-bedroom, 1-bathroom units and one 1-bedroom, 1-bathroom unit. The property was built in 1979 and is currently rented as a triplex.
Shopping, dining, and Ronselli Park are within walking distance. Major roads and the Florida Turnpike are nearby, and FIU is accessible from the property.
Shopping, dining, and Ronselli Park are within walking distance. Major roads and the Florida Turnpike are nearby, and FIU is accessible from the property.
Key Highlights
- Three separate units: two 2‑bedroom/1‑bathroom apartments and one 1‑bedroom/1‑bathroom apartment
- 2,488‑square‑foot property on an 11,270‑square‑foot lot
- Built in 1979
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$38,608
Cap Rate
4.29%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$772,160
$772.2K
Cap Rate 7%
$551,543
$551.5K
Cap Rate 9%
$428,978
$429.0K
Market Conditions
NOI Build-Up for 2,488 SF
Gross rent
$75.2K $30.24/SF
− Vacancy
−$5.0K −$2.03/SF
EGI
$70.2K $28.21/SF
− OpEx
−$31.6K −$12.70/SF
NOI
$38.6K $15.52/SF
Area
Miami-Dade County, FL
Vacancy
6.70%
Lease Rate
$30.24 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$772,160
Cap Rate 7%
$551,543
Cap Rate 9%
$428,978
Alternative Uses
Best Use
Apartment 5plus
$551.5K
$482.6K – $643.5K
NOI $38,608 @ 7.0% cap · market cap 4.29%
Second Best
Multifamily LT 5
$417.3K
$365.1K – $486.8K
NOI $29,210 @ 7.0% cap · market cap 3.25%
Theoretical Best
Office A
$1.36M
$1.19M – $1.59M
NOI $95,104 @ 7.0% cap · market cap 10.58%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
3
Residential units
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
1,189
Businesses Nearby
Explore this area
Business Placement
Demographics for 33174, FL
32,962
Population
11,474
Households
2.9
Avg Household Size
42
Median Age
29%
College-Educated
75%
High-School Grad
3.1 sq mi
ZIP Area
10,633
Density / Sq Mi
$59,599
Median Household Income
$30,210
Median Earnings
$1,786
Median Rent
$379,000
Median Home Value
Market
Average Price Trend$/SF for Triplexes in Miami-Dade County, FL
Properties on Market for Triplexes in Miami-Dade County
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Triplex - Three separate apartments are configured as a 2-bedroom unit, a second 2-bedroom unit, and a 1-bedroom unit.
Where is this triplex located?
The property is located at 39 SW 114th Ave Sweetwater, FL.
What is the asking price?
The asking price for this property is $899,000.
What are key features of this property?
This property features: Three separate units: two 2‑bedroom/1‑bathroom apartments and one 1‑bedroom/1‑bathroom apartment; 2,488‑square‑foot property on an 11,270‑square‑foot lot; Built in 1979
