Little River Duplex Investment
6745 Northwest 4th Court Miami, FL 33150
6745 Northwest 4th Court, Miami, FL, 33150
$640,000
For Sale
$640,000
Well-maintained duplex in high-growth area with strong income potential.
Property Size1,500 SF
Price / SF$426.67
Days on Market314
Property Features for 6745 Northwest 4th Court
General Information
- Standard status
- Active
- Size
- 1,500 SF
- Property subtype
- Residential Income / Duplex
Building Details
- Year Built
- 1985
Listing Agency
Avanti Way
(305) 229-1146
Listed by
Natalia Murgueitio · License #3502465
(305) 229-1146
Source
Compass
Added: Sep 6, 2025 Checked: Jul 15 at 9:36 pm
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
Investment Insights
Based on property information with market context.
This well-maintained duplex is located in Little River, a rapidly transforming neighborhood of Miami, situated blocks from the Magic City Innovation District. The property is surrounded by new construction and major redevelopment. It is located minutes from Wynwood, major highways, and 15 minutes from Miami International Airport. This multifamily asset offers current income with upside potential. The property features ample parking in front, two spacious units with central A/C, a newer roof, fully renovated kitchens with granite countertops, tankless water heaters, remodeled bathrooms, impact windows, and a backyard. Each unit has independent electric and water meters, and tenants pay all utilities. The property is occupied by tenants with signed leases and security deposits. Pre-agreed rent increases to $2,200 and $2,300 provide built-in value growth. The property is designed for maximum efficiency and minimal owner expenses. The property size is 1500 square feet.
Key Highlights
- Located in Little River, a rapidly transforming Miami neighborhood.
- Turn‑key duplex with strong current income.
- Fully renovated kitchens with granite countertops, remodeled bathrooms, and impact windows.
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 | $45.9k | $30.60 |
| − Vacancy | −$2.9k | −$1.95 |
| EGI | $43.0k | $28.65 |
| − OpEx | −$12.9k | −$8.60 |
| NOI | $30.1k | $20.06 |
1,500 SF · lease $30.60/SF/yr · vacancy 6.37% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$429.8K
$376.0K – $501.4K
NOI $30,083 @ 7.0% cap · market cap 4.70%
Second Best
Apartment 5plus
$395.9K
$346.4K – $461.8K
NOI $27,710 @ 7.0% cap · market cap 4.33%
Theoretical Best
Specialty Retail
$1.01M
$886.0K – $1.18M
NOI $70,876 @ 7.0% cap · market cap 11.07%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Duplex - Well-maintained duplex in high-growth area with strong income potential.
Where is this duplex located?
The property is located at 6745 Northwest 4th Court Miami, FL.
What is the asking price?
The asking price for this property is $640,000.
What are key features of this property?
This property features: Located in Little River, a rapidly transforming Miami neighborhood.; Turn‑key duplex with strong current income.; **Fully renovated kitchens with granite countertops, remodeled bathrooms, and impact windows.**
