Miami
New
For Sale
Contact for pricing
445-447 NE 69th St #b, Miami, FL 33138
This two-unit residential property offers access to major roads, shopping, dining and entertainment in Miami.
Property Size1,015 SF
Price / SF$1.77
Days on Market4
Property Features for 445-447 NE 69th St #b
General Information
Standard status
Active
Size
1,015 SF
Total Parking Spaces
1
Property subtype
Residential Income
Zoning
0104
Site & Location
Neighborhood
Belle Meade West
Taxes and HOA fees
Annual Taxes
$7,573
Amenities
Porch
Building Details
Building Size
1,015 SF
Year Built
1947
Stories
1
Listing Agency:
First Class Real Estate, LLC.
(800) 731-6092
Listed By:
Dejacon Bastien · License #3023298
(786) 277-9715
Source:
Futureoptionrealty
Added: Oct 23
Changed: Oct 25
Last Checked: Oct 26 at 4:10AM
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 First Class Real Estate, LLC.
Ask AI about this property
Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This residential income property is configured as a duplex and was built in 1947. It is located in Miami, with Wynwood and downtown cited as nearby destinations. Major roads, shopping, dining and entertainment are also accessible from the property.
Key Highlights
- Duplex configuration
- Built in 1947
- Miami location near Wynwood and downtown
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$18,751
Suggested Prices Based on Cap Rates
Cap Rate 5%
$375,020
$375.0K
Cap Rate 7%
$267,871
$267.9K
Cap Rate 9%
$208,344
$208.3K
Market Conditions
NOI Build-Up for 1,015 SF
Gross rent
$36.5K $36.00/SF
− Vacancy
−$2.4K −$2.41/SF
EGI
$34.1K $33.59/SF
− OpEx
−$15.3K −$15.11/SF
NOI
$18.8K $18.47/SF
Area
Miami, FL
Vacancy
6.70%
Lease Rate
$36.00 /SF/Yr
Expense Ratio
45.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$375,020
Cap Rate 7%
$267,871
Cap Rate 9%
$208,344
Alternative Uses
Best Use
Apartment 5plus
$267.9K
$234.4K – $312.5K
NOI $18,751 @ 7.0% cap · market cap 1,041.72%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$685.1K
$599.5K – $799.3K
NOI $47,959 @ 7.0% cap · market cap 2,664.39%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Location Intelligence
Trade Area within ½ mile
2,537
Businesses Nearby
Explore this area
Business Placement
Demographics for 33138, FL
27,601
Population
14,310
Households
1.9
Avg Household Size
43
Median Age
47%
College-Educated
87%
High-School Grad
4.2 sq mi
ZIP Area
6,572
Density / Sq Mi
$71,518
Median Household Income
$52,853
Median Earnings
$1,647
Median Rent
$686,300
Median Home Value
Frequently Asked Questions
What type of property is this?
Residential income property - This two-unit residential property offers access to major roads, shopping, dining and entertainment in Miami.
Where is this residential income property located?
The property is located at 445-447 NE 69th St #b Miami, FL.
What are key features of this property?
This property features: Duplex configuration; Built in 1947; Miami location near Wynwood and downtown
