New Construction
For Sale
$699,999
634 NW 12th Street, Florida City, FL 33034
Two three-bedroom, two-bath units offer separate water and FPL metering.
Property Size2,554 SF
Price / SF$280.67
Days on Market51
Property Features for 634 NW 12th Street
General Information
Standard status
Active
Size
2,554 SF
Total Parking Spaces
6
Property subtype
Residential Income
Zoning
5700
Additional Details
Utilities to Site
Yes
Taxes and HOA fees
Annual Taxes
$11,450
Building Details
Building Size
2,554 SF
Year Built
2024
Stories
1
Listing Agency:
The Real Estate Firm Inc
Listed By:
Lourdes Cuenca · License #A11965190
(305) 502-2675
Source:
Laerrealty
Added: Aug 19
Changed: Oct 1
Last Checked: Oct 7 at 9:37AM
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 The Real Estate Firm Inc
Investment Insights
Based on property information with market context.
Completed in 2024, this duplex contains two separate three-bedroom, two-bath units within a 2,494-square-foot property. Each unit is individually served by separate water and FPL meters, supporting distinct utility accounting between the residences. The property also includes ample on-site parking and is located at 634 NW 12th Street in Florida City, Florida.
Key Highlights
- 2024 construction with 2,494 square feet
- Two units, each with 3 bedrooms and 2 bathrooms
- Separate water meters for each unit
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$41,574
Cap Rate
5.94%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$831,480
$831.5K
Cap Rate 7%
$593,914
$593.9K
Cap Rate 9%
$461,933
$461.9K
Market Conditions
NOI Build-Up for 2,494 SF
Gross rent
$62.8K $25.20/SF
− Vacancy
−$3.5K −$1.39/SF
EGI
$59.4K $23.81/SF
− OpEx
−$17.8K −$7.14/SF
NOI
$41.6K $16.67/SF
Area
Miami-Dade 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 Rate 5%
$831,480
Cap Rate 7%
$593,914
Cap Rate 9%
$461,933
Alternative Uses
Best Use
Multifamily LT 5
$593.9K
$519.7K – $692.9K
NOI $41,574 @ 7.0% cap · market cap 5.94%
Second Best
Apartment 5plus
$547.9K
$479.5K – $639.3K
NOI $38,356 @ 7.0% cap · market cap 5.48%
Theoretical Best
Office A
$1.27M
$1.11M – $1.48M
NOI $88,572 @ 7.0% cap · market cap 12.65%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Unlock full access to Insights
Subscribe to Realmo Intelligence
Open Analytics
Current Use
Lease Details
Yes
Utilities to site
Location Intelligence
Trade Area within ½ mile
1,821
Businesses Nearby
Explore this area
Business Placement
Demographics for 33034, FL
22,850
Population
6,631
Households
3.4
Avg Household Size
34
Median Age
9%
College-Educated
65%
High-School Grad
1,173.1 sq mi
ZIP Area
19
Density / Sq Mi
$46,404
Median Household Income
$31,712
Median Earnings
$1,283
Median Rent
$310,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Duplex - Two three-bedroom, two-bath units offer separate water and FPL metering.
Where is this duplex located?
The property is located at 634 NW 12th Street Florida City, FL.
What is the asking price?
The asking price for this property is $699,999.
What are key features of this property?
This property features: 2024 construction with 2,494 square feet; Two units, each with 3 bedrooms and 2 bathrooms; Separate water meters for each unit
