Duplex with Dedicated
New
For Sale
$899,000
5906-08 SW 27th St, West Park, FL 33023
MULTI_FAMILY - West Park, FL
Property Size2,503 SF
Price / SF$359.17
Days on Market2
Property Features for 5906-08 SW 27th St
General Information
Property type
Residential Multi Family
Property subtype
Duplex
Zoning description
TOC
Bedrooms
6
Full bathrooms
4
Rooms
Bathroom 4, Bedroom 1, Bedroom 3, Bathroom 1, Bathroom 2, Bathroom 3, Bedroom 4, Bedroom 5, Bedroom 2, Bedroom 6
Parking
2
Subdivision
MIAMI GARDENS ESTATES
Lot features
1/4 to 1/2 Acre Lot, Sprinklers Automatic
Directions
USE GPS.
Standard status
Active
APN
514125021550
Size
2,503 SF
Taxes and HOA fees
Tax Year
2025
Tax Description
MIAMI GARDENS ESTATES 22-2 B LOT 11 BLK 6, LESS E 37.50 AS MEASURED ALG N/S LINES THEREOF
Tax Annual Amount
16258
Legal Description
MIAMI GARDENS ESTATES 22-2 B LOT 11 BLK 6, LESS E 37.50 AS MEASURED ALG N/S LINES THEREOF
Utilities
Utilities
Cable Available
Sewer type
Public Sewer
Heating system
Central
Cooling system
Central Air, Ceiling Fan(s)
Water source
Public
Amenities
in-unit laundry
yard
Building Details
Year built
2022
Floors in Building
1
Building materials
Block
Roof type
Shingle
Listing Agency:
Compass Florida, LLC
(954) 477-7332
Listed By:
Suresh Chiatar · License #0683629
(954) 294-4539
Added: Aug 13
Last Checked: Aug 14 at 4:06AM
MLS# A12069460
Copyright © 2026 Miami REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
Built in 2022, this 2,503-square-foot duplex offers two residential units in a block-constructed building. The property features high-impact windows and doors, porcelain flooring, quartz kitchen countertops, and a shingle roof. Each unit has its own laundry facility, garage, electric meter, and water meter, with central air, central heating, and ceiling fans serving the interiors.
The property comprises 2 folios, each associated with its own address, and includes yard space. Public water and public sewer serve the site, while cable is available. The duplex is located near 441, I-95, and the FL Turnpike.
The property comprises 2 folios, each associated with its own address, and includes yard space. Public water and public sewer serve the site, while cable is available. The duplex is located near 441, I-95, and the FL Turnpike.
Key Highlights
- 2,503‑square‑foot duplex built in 2022
- Each unit has its own garage, laundry facility, electric meter, and water meter
- High‑impact windows and doors with porcelain flooring
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$41,725
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
4.64%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$834,500
$834.5K
Cap Rate 7%
$596,071
$596.1K
Cap Rate 9%
$463,611
$463.6K
Market Conditions
NOI Build-Up for 2,503 SF
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.
Gross rent
$63.1K $25.20/SF
− Vacancy
−$3.5K −$1.39/SF
EGI
$59.6K $23.81/SF
− OpEx
−$17.9K −$7.14/SF
NOI
$41.7K $16.67/SF
Area
Broward County, FL
Vacancy
5.50%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$834,500
Cap Rate 7%
$596,071
Cap Rate 9%
$463,611
Alternative Uses
Best Use
Multifamily LT 5
$596.1K
$521.6K – $695.4K
NOI $41,725 @ 7.0% cap · market cap 4.64%
Second Best
Apartment 5plus
$549.9K
$481.2K – $641.6K
NOI $38,494 @ 7.0% cap · market cap 4.28%
Theoretical Best
Office A
$1.27M
$1.11M – $1.48M
NOI $88,891 @ 7.0% cap · market cap 9.89%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
2
Residential units
Yes
Highway access
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,954
Businesses Nearby
Explore this area
Business Placement
Demographics for 33023, FL
66,749
Population
22,450
Households
3
Avg Household Size
38
Median Age
20%
College-Educated
84%
High-School Grad
8.8 sq mi
ZIP Area
7,585
Density / Sq Mi
$70,003
Median Household Income
$35,093
Median Earnings
$1,621
Median Rent
$344,500
Median Home Value
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Duplex - Each unit includes laundry, separate electric and water meters, and an individual garage.
Where is this duplex located?
The property is located at 5906-08 SW 27th St West Park, FL.
What is the asking price?
The asking price for this property is $899,000.
What are key features of this property?
This property features: 2,503‑square‑foot duplex built in 2022; Each unit has its own garage, laundry facility, electric meter, and water meter; High‑impact windows and doors with porcelain flooring
