Independently Leased
447 East 32nd Street Hialeah, FL 33013
For Sale
$750,000
Large duplex offers independent unit operations, multiple AC units, and two laundry rooms, with patios and rear terrace.
Property Size4,312 SF
Price / SF$173.93
Days on Market44
Property Features for 447 East 32nd Street
General Information
- Standard status
- Active
- Size
- 4,312 SF
- Property subtype
- Multi-Family Income / Duplex
Building Details
- Year Built
- 1964
Listing Agency:
Vylla Home
(904) 524-1165
Listed By:
Tania Toral · License #3091493
(904) 524-1165
Source:
Compass
Added: Jun 11
Changed: Jul 21
Last Checked: Jul 23 at 8:10AM
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 Vylla Home
Investment Insights
Based on property information with market context.
This large duplex features independent unit operations, allowing for distinct lease agreements. The property includes three central A/C units, two laundry rooms, and large kitchens, plus a patio and rear terrace. A stamped concrete driveway provides off-street parking. The duplex is being sold “as-is” and is in need of updates, while maintaining a strong floor plan.
The property is located near shops and major road arteries, with convenient access to a hospital and Miami International Airport.
The layout is configured as a duplex with each unit operating independently, supported by the presence of multiple central A/C units and in-unit laundry areas.
The property is located near shops and major road arteries, with convenient access to a hospital and Miami International Airport.
The layout is configured as a duplex with each unit operating independently, supported by the presence of multiple central A/C units and in-unit laundry areas.
Key Highlights
- 1964‑built large duplex with independently operating units for separate lease agreements
- 3 Central A/C units serving the property
- Two laundry rooms and big kitchens in the duplex
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 | $95.7k | $22.20 |
| − Vacancy | −$7.2k | −$1.67 |
| EGI | $88.5k | $20.54 |
| − OpEx | −$26.6k | −$6.16 |
| NOI | $62.0k | $14.37 |
4,312 SF · lease $22.20/SF/yr · vacancy 7.50% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$885.5K
$774.8K – $1.03M
NOI $61,983 @ 7.0% cap · market cap 8.26%
Second Best
Apartment 5plus
$824.9K
$721.8K – $962.4K
NOI $57,742 @ 7.0% cap · market cap 7.70%
Theoretical Best
Office A
$1.70M
$1.49M – $1.98M
NOI $118,804 @ 7.0% cap · market cap 15.84%
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 - Large duplex offers independent unit operations, multiple AC units, and two laundry rooms, with patios and rear terrace.
Where is this duplex located?
The property is located at 447 East 32nd Street Hialeah, FL.
What is the asking price?
The asking price for this property is $750,000.
What are key features of this property?
This property features: 1964‑built large duplex with independently operating units for separate lease agreements; 3 Central A/C units serving the property; Two laundry rooms and big kitchens in the duplex
