Fully Remodeled Quadplex with
5501 NW Miami Ct Miami, FL 33127
5501 NW Miami Ct, Miami, FL, 33127
$1,100,000
For Sale
$1,100,000
Four 1-bedroom units in a fully remodeled, fenced quadplex with private assigned parking and stainless steel appliances.
Property Size2,890 SF
Price / SF$380.62
Days on Market514
Property Features for 5501 NW Miami Ct
General Information
- Standard status
- Active
- Size
- 2,890 SF
- Property subtype
- Multi Family
Building Details
- Year Built
- 1947
Listing agency
Beachfront Realty Inc
(786) 277-9185
Listed by
Ana Palomino · License #3095877
(786) 277-9185
Source
Exitrealty
Added: Feb 23, 2025 Updated: Jul 21 at 12:57PM Checked: Jul 22 at 7:30AM
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 Beachfront Realty Inc
Investment Insights
Based on property information with market context.
This fully remodeled quadplex consists of four 1-bedroom, 1-bath units. Updates include new floors, new bathrooms, new kitchens, stainless steel appliances, plumbing, and a designated grill area. The property is fully fenced, and each unit is described as having private assigned parking.
The owner reports the quadplex is “always rented” and is ready to sell. Located in the Miami area, it is described as minutes from the Design District, Wynwood, and Midtown, with beaches also nearby. Public transportation access and nearby shopping and entertainment options within walking distance are noted in the remarks.
The owner reports the quadplex is “always rented” and is ready to sell. Located in the Miami area, it is described as minutes from the Design District, Wynwood, and Midtown, with beaches also nearby. Public transportation access and nearby shopping and entertainment options within walking distance are noted in the remarks.
Key Highlights
- 1947‑built quadplex with four 1‑bedroom units, each unit 750 SF
- Fully remodeled units with new floors, bathrooms, and kitchens
- Each unit includes stainless steel appliances, new plumbing, and a grill area
Local 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 | $88.4k | $30.60 |
| − Vacancy | −$5.6k | −$1.95 |
| EGI | $82.8k | $28.65 |
| − OpEx | −$24.8k | −$8.60 |
| NOI | $58.0k | $20.06 |
2,890 SF · lease $30.60/SF/yr · vacancy 6.37% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$828.0K
$724.5K – $966.0K
NOI $57,961 @ 7.0% cap · market cap 5.27%
Second Best
Apartment 5plus
$762.7K
$667.4K – $889.8K
NOI $53,388 @ 7.0% cap · market cap 4.85%
Theoretical Best
Specialty Retail
$1.95M
$1.71M – $2.28M
NOI $136,554 @ 7.0% cap · market cap 12.41%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Quadplexes
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FAQs
What type of property is this?
Quadplex - Four 1-bedroom units in a fully remodeled, fenced quadplex with private assigned parking and stainless steel appliances.
Where is this quadplex located?
The property is located at 5501 NW Miami Ct Miami, FL.
What is the asking price?
The asking price for this property is $1,100,000.
What are key features of this property?
This property features: 1947‑built quadplex with four 1‑bedroom units, each unit 750 SF; Fully remodeled units with new floors, bathrooms, and kitchens; Each unit includes stainless steel appliances, new plumbing, and a grill area
