Legal Duplex With Separate
For Sale
$499,900
6950 NW 6th Court, Miami, FL 33150
Two permitted residential units with individual carport spaces create a practical multifamily configuration.
Property Size1,570 SF
Price / SF$379.86
Days on Market58
Property Features for 6950 NW 6th Court
General Information
Standard status
Active
Size
1,570 SF
Total Parking Spaces
2
Property subtype
Residential Income
Zoning
5700
Taxes and HOA fees
Annual Taxes
$5,907
Building Details
Building Size
1,570 SF
Year Built
1955
Stories
1
Listing Agency:
Premier Realty & Invest. Group
Listed By:
Ronald Henry · License #0662397
(305) 300-9653
Source:
Laerrealty
Added: Aug 17
Changed: Oct 5
Last Checked: Oct 11 at 3:31AM
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 Premier Realty & Invest. Group
Investment Insights
Based on property information with market context.
This legal duplex contains two permitted residential units within a 1,316-square-foot property built in 1955. Separate carports serve the units, adding dedicated covered parking to the existing configuration. The property is located at 6950 NW 6th Court in Miami, Florida 33150 and is identified under zoning code 5700. Its two-unit layout and existing income-producing use support continued operation as a small multifamily asset.
Key Highlights
- Two permitted residential units
- Separate carports for the units
- 1,316 square feet of property size
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$26,393
Cap Rate
5.28%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$527,860
$527.9K
Cap Rate 7%
$377,043
$377.0K
Cap Rate 9%
$293,256
$293.3K
Market Conditions
NOI Build-Up for 1,316 SF
Gross rent
$40.3K $30.60/SF
− Vacancy
−$2.6K −$1.95/SF
EGI
$37.7K $28.65/SF
− OpEx
−$11.3K −$8.60/SF
NOI
$26.4K $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%
$527,860
Cap Rate 7%
$377,043
Cap Rate 9%
$293,256
Alternative Uses
Best Use
Multifamily LT 5
$377.0K
$329.9K – $439.9K
NOI $26,393 @ 7.0% cap · market cap 5.28%
Second Best
Apartment 5plus
$347.3K
$303.9K – $405.2K
NOI $24,311 @ 7.0% cap · market cap 4.86%
Theoretical Best
Specialty Retail
$888.3K
$777.3K – $1.04M
NOI $62,182 @ 7.0% cap · market cap 12.44%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
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Current Use
Location Intelligence
Trade Area within ½ mile
1,466
Businesses Nearby
Explore this area
Business Placement
Demographics for 33150, FL
28,703
Population
12,403
Households
2.3
Avg Household Size
37
Median Age
14%
College-Educated
75%
High-School Grad
3.5 sq mi
ZIP Area
8,201
Density / Sq Mi
$40,802
Median Household Income
$32,359
Median Earnings
$1,179
Median Rent
$377,700
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
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Frequently Asked Questions
What type of property is this?
Duplex - Two permitted residential units with individual carport spaces create a practical multifamily configuration.
Where is this duplex located?
The property is located at 6950 NW 6th Court Miami, FL.
What is the asking price?
The asking price for this property is $499,900.
What are key features of this property?
This property features: Two permitted residential units; Separate carports for the units; 1,316 square feet of property size
