Turnkey Duplex with Central
70 Northeast 186th Terrace Miami, FL 33179
70 Northeast 186th Terrace, Miami, FL, 33179
$795,000
For Sale
$795,000
Fully upgraded duplex with central A/C, new roofs, impact windows/doors, and in-unit washer and dryer in each unit.
Property Size2,106 SF
Lot Size0.20 Acres
Price / SF$377.49
Days on Market304
Property Features for 70 Northeast 186th Terrace
General Information
- Standard status
- Active
- Size
- 2,106 SF
- Lot size
- 0.20 Acres
- Property subtype
- Multi-Family Income / Duplex
Building Details
- Year Built
- 1968
Listing agency
Keller Williams Realty Miami Lakes
(305) 788-2629
Listed by
Blake Burstyn · License #3394026
(305) 788-2629
Source
Compass
Added: Sep 22, 2025 Updated: Jul 22 at 12:46AM Checked: Jul 22 at 7:00AM
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 Keller Williams Realty Miami Lakes
Investment Insights
Based on property information with market context.
This turnkey duplex investment includes two residential units within a single property, presented with a comprehensive set of recent upgrades aimed at long-term reliability. Improvements referenced include a new roof, hurricane-impact windows and doors, modern kitchens and newly updated baths, tankless water heaters, and central A/C. Each unit also includes its own washer and dryer, with new drains, plus newly installed appliances with warranties. Unit configuration is described as a larger unit with three bedrooms (with the note that it can convert to four) and a laundry room, and a second unit with open-concept living.
The property sits on an 8,800 square-foot lot and is described as having fresh landscaping and privacy fencing. The listing also notes the property is in a no-flood zone. The location is identified as centrally located with convenient access to major destinations, i-95, both airports, and the city.
For a buyer or investor seeking a duplex offered in turnkey condition, this property is presented as easy to show, with the seller described as motivated.
The property sits on an 8,800 square-foot lot and is described as having fresh landscaping and privacy fencing. The listing also notes the property is in a no-flood zone. The location is identified as centrally located with convenient access to major destinations, i-95, both airports, and the city.
For a buyer or investor seeking a duplex offered in turnkey condition, this property is presented as easy to show, with the seller described as motivated.
Key Highlights
- Fully upgraded duplex built in 1968 on an 8,800 sq ft lot
- 2,521 sq ft total with central A/C and tankless water heaters
- New roof and hurricane‑impact windows/doors
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 | $64.4k | $30.60 |
| − Vacancy | −$4.1k | −$1.95 |
| EGI | $60.3k | $28.65 |
| − OpEx | −$18.1k | −$8.60 |
| NOI | $42.2k | $20.06 |
2,106 SF · lease $30.60/SF/yr · vacancy 6.37% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$603.4K
$528.0K – $704.0K
NOI $42,237 @ 7.0% cap · market cap 5.31%
Second Best
Apartment 5plus
$555.8K
$486.3K – $648.4K
NOI $38,905 @ 7.0% cap · market cap 4.89%
Theoretical Best
Specialty Retail
$1.42M
$1.24M – $1.66M
NOI $99,509 @ 7.0% cap · market cap 12.52%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
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FAQs
What type of property is this?
Duplex - Fully upgraded duplex with central A/C, new roofs, impact windows/doors, and in-unit washer and dryer in each unit.
Where is this duplex located?
The property is located at 70 Northeast 186th Terrace Miami, FL.
What is the asking price?
The asking price for this property is $795,000.
What are key features of this property?
This property features: Fully upgraded duplex built in 1968 on an 8,800 sq ft lot; 2,521 sq ft total with central A/C and tankless water heaters; New roof and hurricane‑impact windows/doors
