Remodeled Two-Unit
740 NW 135 St, North Miami, FL 33168
For Sale
$709,000
Each residence has three bedrooms and one bathroom, with its own laundry room and utility meters.
Property Size1,832 SF
Price / SF$387.01
Days on Market121
Property Features for 740 NW 135 St
General Information
Standard status
Size
Property subtype
Occupancy
Site & Location
Neighborhood
Highway Access
Units
Unit Mix
Multifamily Units
Individually Metered Utilities
Additional Details
Tenant in Place
Taxes and HOA fees
Annual Taxes
Amenities
separate laundry rooms
patio space
Building Details
Building Size
Year Built
Tenancy
Listing Agency:
Coldwell Banker Realty
Listed By:
Alex Acker · License #3242278
Source:
Debuirerealty
Added: Jul 10
Changed: Nov 7
Last Checked: Nov 7 at 12:02PM
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 Coldwell Banker Realty
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Investment Insights
Based on property information with market context.
This 1,832-square-foot duplex, built in 1952, contains two three-bedroom, one-bath residences. Updates include remodeled kitchens and bathrooms, central air conditioning, and a recently redone roof. The rear residence has impact windows and doors. Each unit also has a separate laundry room and utility meter, and the property includes patio space. Both residences are currently rented.
The property is in North Miami’s CRA and near the I-95 entrance at NW 7th Avenue and NW 135th Street. The RV on site is excluded from the sale.
The property is in North Miami’s CRA and near the I-95 entrance at NW 7th Avenue and NW 135th Street. The RV on site is excluded from the sale.
Key Highlights
- Two residences, each with 3 bedrooms and 1 bathroom
- 1,832 square feet; built in 1952
- Remodeled kitchens and bathrooms, central A/C, and a recently redone roof
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$30,539
Cap Rate
4.31%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$610,780
$610.8K
Cap Rate 7%
$436,271
$436.3K
Cap Rate 9%
$339,322
$339.3K
Market Conditions
NOI Build-Up for 1,832 SF
Gross rent
$46.2K $25.20/SF
− Vacancy
−$2.5K −$1.39/SF
EGI
$43.6K $23.81/SF
− OpEx
−$13.1K −$7.14/SF
NOI
$30.5K $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%
$610,780
Cap Rate 7%
$436,271
Cap Rate 9%
$339,322
Alternative Uses
Best Use
Multifamily LT 5
$436.3K
$381.7K – $509.0K
NOI $30,539 @ 7.0% cap · market cap 4.31%
Second Best
Apartment 5plus
$402.5K
$352.2K – $469.6K
NOI $28,175 @ 7.0% cap · market cap 3.97%
Theoretical Best
Office A
$929.5K
$813.3K – $1.08M
NOI $65,062 @ 7.0% cap · market cap 9.18%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Lease Details
2
Residential units
100%
Occupancy
Multi-tenant
Tenancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
774
Businesses Nearby
Explore this area
Business Placement
Demographics for 33168, FL
24,715
Population
6,761
Households
3.7
Avg Household Size
39
Median Age
16%
College-Educated
79%
High-School Grad
3.6 sq mi
ZIP Area
6,865
Density / Sq Mi
$58,636
Median Household Income
$31,984
Median Earnings
$1,576
Median Rent
$329,000
Median Home Value
Market
Average Price Trend$/SF for Duplexes in Miami-Dade County, FL
Properties on Market for Duplexes in Miami-Dade County
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Each residence has three bedrooms and one bathroom, with its own laundry room and utility meters.
Where is this duplex located?
The property is located at 740 NW 135 St North Miami, FL.
What is the asking price?
The asking price for this property is $709,000.
What are key features of this property?
This property features: Two residences, each with 3 bedrooms and 1 bathroom; 1,832 square feet; built in 1952; Remodeled kitchens and bathrooms, central A/C, and a recently redone roof
