Little Haiti Duplex Investment
For Sale
$780,000
5411 NW 6th Ave, Miami, FL 33127
Well-maintained duplex in Little Haiti, ideal for immediate cash flow.
Property Size1,472 SF
Price / SF$529.89
Days on Market260
Property Features for 5411 NW 6th Ave
General Information
Standard status
Active
Size
1,472 SF
Property subtype
Duplex
Taxes and HOA fees
Annual Taxes
$7,274
Building Details
Building Size
1,472 SF
Year Built
1957
Listing Agency:
Avanti Way Realty LLC
Listed By:
Natalia Murgueitio · License #3502465
(305) 229-1146
Source:
Casacollectiongroup
Added: Jan 29
Changed: Oct 14
Last Checked: Oct 15 at 4:36AM
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 Avanti Way Realty LLC
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Investment Insights
Based on property information with market context.
This well-maintained duplex is located in Little Haiti, minutes from the Miami Design District, Wynwood, major highways, and 10 minutes from Miami International Airport. The property is in a rapidly appreciating area surrounded by new construction. This income-producing property features two units with independent electric and water meters. Tenants pay all utilities. There are signed leases with security deposits in place. Both units offer central A/C, tankless water heaters, new kitchens (one with granite countertops), remodeled bathrooms, and impact windows. Additional features include a new roof, ample on-site parking, a fully fenced property (wood fencing inside and metal fencing in front), and a separate shared laundry room with hookups. The property size is 1472 square feet.
Key Highlights
- Income‑producing duplex with tenants and leases in place, providing immediate cash flow.
- Located in rapidly appreciating Little Haiti, surrounded by new construction.
- Each unit has independent electric and water meters, central A/C, tankless water heaters, new kitchens, remodeled bathrooms, and impact windows.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,522
Cap Rate
3.78%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$590,440
$590.4K
Cap Rate 7%
$421,743
$421.7K
Cap Rate 9%
$328,022
$328.0K
Market Conditions
NOI Build-Up for 1,472 SF
Gross rent
$45.0K $30.60/SF
− Vacancy
−$2.9K −$1.95/SF
EGI
$42.2K $28.65/SF
− OpEx
−$12.7K −$8.60/SF
NOI
$29.5K $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%
$590,440
Cap Rate 7%
$421,743
Cap Rate 9%
$328,022
Alternative Uses
Best Use
Multifamily LT 5
$421.7K
$369.0K – $492.0K
NOI $29,522 @ 7.0% cap · market cap 3.78%
Second Best
Apartment 5plus
$388.5K
$339.9K – $453.2K
NOI $27,193 @ 7.0% cap · market cap 3.49%
Theoretical Best
Specialty Retail
$993.6K
$869.4K – $1.16M
NOI $69,553 @ 7.0% cap · market cap 8.92%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
1,570
Businesses Nearby
Explore this area
Business Placement
Demographics for 33127, FL
27,692
Population
11,245
Households
2.5
Avg Household Size
37
Median Age
13%
College-Educated
69%
High-School Grad
3.3 sq mi
ZIP Area
8,392
Density / Sq Mi
$41,125
Median Household Income
$30,240
Median Earnings
$1,394
Median Rent
$398,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Well-maintained duplex in Little Haiti, ideal for immediate cash flow.
Where is this duplex located?
The property is located at 5411 NW 6th Ave Miami, FL.
What is the asking price?
The asking price for this property is $780,000.
What are key features of this property?
This property features: Income‑producing duplex with tenants and leases in place, providing immediate cash flow.; Located in rapidly appreciating Little Haiti, surrounded by new construction.; Each unit has independent electric and water meters, central A/C, tankless water heaters, new kitchens, remodeled bathrooms, and impact windows.
