Four-Unit Short-Term
For Sale
$1,150,000
416 NW 58th Ave, Miami, FL 33126
Furnished and equipped property with four units operating on Airbnb.
Property Size2,624 SF
Price / SF$438.26
Days on Market97
Property Features for 416 NW 58th Ave
General Information
Standard status
Active
Size
2,624 SF
Property subtype
Duplex
Additional Details
Furnished
Yes
Highway Access
Yes
Multifamily Units
4
Taxes and HOA fees
Annual Taxes
$11,290
Building Details
Building Size
2,624 SF
Year Built
1925
Listing Agency:
La Rosa Realty LLC
Listed By:
Vanessa Guzman · License #3260021
(754) 366-8106
Source:
Batrare
Added: Jul 8
Changed: Oct 11
Last Checked: Oct 11 at 10:32AM
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 La Rosa Realty LLC
Investment Insights
Based on property information with market context.
Built in 1925, this 2,624-square-foot property is a legal duplex configured as four separate units. The units are furnished and equipped, and are currently operated as short-term rentals on Airbnb, with an established rental history.
The property is at 416 NW 58th Ave in Miami. Miami International Airport, Miami Freedom Park Stadium, Coral Gables, Brickell, Downtown Miami, and major highways are described as minutes away.
The property is at 416 NW 58th Ave in Miami. Miami International Airport, Miami Freedom Park Stadium, Coral Gables, Brickell, Downtown Miami, and major highways are described as minutes away.
Key Highlights
- Legal duplex configured as four separate units
- All four units are active on Airbnb
- Furnished and equipped
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$52,626
Cap Rate
4.58%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,052,520
$1.1M
Cap Rate 7%
$751,800
$751.8K
Cap Rate 9%
$584,733
$584.7K
Market Conditions
NOI Build-Up for 2,624 SF
Gross rent
$80.3K $30.60/SF
− Vacancy
−$5.1K −$1.95/SF
EGI
$75.2K $28.65/SF
− OpEx
−$22.6K −$8.60/SF
NOI
$52.6K $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%
$1,052,520
Cap Rate 7%
$751,800
Cap Rate 9%
$584,733
Alternative Uses
Best Use
Multifamily LT 5
$751.8K
$657.8K – $877.1K
NOI $52,626 @ 7.0% cap · market cap 4.58%
Second Best
Apartment 5plus
$692.5K
$605.9K – $807.9K
NOI $48,474 @ 7.0% cap · market cap 4.22%
Theoretical Best
Specialty Retail
$1.77M
$1.55M – $2.07M
NOI $123,985 @ 7.0% cap · market cap 10.78%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Lease Details
4
Residential units
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
2,022
Businesses Nearby
Explore this area
Business Placement
Demographics for 33126, FL
48,751
Population
19,725
Households
2.5
Avg Household Size
44
Median Age
28%
College-Educated
77%
High-School Grad
5.4 sq mi
ZIP Area
9,028
Density / Sq Mi
$55,722
Median Household Income
$32,607
Median Earnings
$1,651
Median Rent
$299,800
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Short term rental property - Furnished and equipped property with four units operating on Airbnb.
Where is this short term rental property located?
The property is located at 416 NW 58th Ave Miami, FL.
What is the asking price?
The asking price for this property is $1,150,000.
What are key features of this property?
This property features: Legal duplex configured as four separate units; All four units are active on Airbnb; Furnished and equipped
