Single-Story Duplex for
7358-7360 Southwest 23rd Street Miami, FL 33155
For Sale
$995,000
Two separate tenant-occupied units include a 3-bedroom/2-bath and a 2-bedroom/1-bath layout with resident parking.
Property Size2,369 SF
Price / SF$420.01
Days on Market77
Property Features for 7358-7360 Southwest 23rd Street
General Information
- Standard status
- Active
- Size
- 2,369 SF
- Property subtype
- Multi-Family Income / Duplex
Building Details
- Year Built
- 1977
Listing Agency:
Real Estate Sales Force
(305) 392-1497
Listed By:
Antonio Cristobal · License #3253230
(305) 392-1497
Source:
Compass
Added: May 8
Changed: Jul 23
Last Checked: Jul 23 at 3:15AM
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 Real Estate Sales Force
Investment Insights
Based on property information with market context.
This single-story duplex offers two separate, tenant-occupied units. One unit features three bedrooms and two bathrooms, while the second unit features two bedrooms and one bathroom. Both units have functional layouts and ample natural light, and the property includes on-site parking for residents.
The duplex is located at 7358–7360 Southwest 23rd Street in Miami, positioned near Westchester. The property provides convenient access to major highways, along with nearby shopping, dining, and schools.
For investors, the existing tenant occupancy supports immediate rental income, while the separate unit configuration provides independent living arrangements within the same property.
The duplex is located at 7358–7360 Southwest 23rd Street in Miami, positioned near Westchester. The property provides convenient access to major highways, along with nearby shopping, dining, and schools.
For investors, the existing tenant occupancy supports immediate rental income, while the separate unit configuration provides independent living arrangements within the same property.
Key Highlights
- Single‑story duplex built in 1977 offering two separate, tenant‑occupied units
- 3‑bedroom, 2‑bath unit and a 2‑bedroom, 1‑bath unit with functional layouts
- Both units are currently tenant‑occupied, providing immediate rental income
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 | $72.5k | $30.60 |
| − Vacancy | −$4.6k | −$1.95 |
| EGI | $67.9k | $28.65 |
| − OpEx | −$20.4k | −$8.60 |
| NOI | $47.5k | $20.06 |
2,369 SF · lease $30.60/SF/yr · vacancy 6.37% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$678.7K
$593.9K – $791.9K
NOI $47,512 @ 7.0% cap · market cap 4.78%
Second Best
Apartment 5plus
$625.2K
$547.0K – $729.4K
NOI $43,763 @ 7.0% cap · market cap 4.40%
Theoretical Best
Specialty Retail
$1.60M
$1.40M – $1.87M
NOI $111,936 @ 7.0% cap · market cap 11.25%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Two separate tenant-occupied units include a 3-bedroom/2-bath and a 2-bedroom/1-bath layout with resident parking.
Where is this duplex located?
The property is located at 7358-7360 Southwest 23rd Street Miami, FL.
What is the asking price?
The asking price for this property is $995,000.
What are key features of this property?
This property features: Single‑story duplex built in 1977 offering two separate, tenant‑occupied units; 3‑bedroom, 2‑bath unit and a 2‑bedroom, 1‑bath unit with functional layouts; Both units are currently tenant‑occupied, providing immediate rental income
