Duplex Income
7641 NW 2nd Ct Miami, FL 33150
For Sale
Contact for pricing
Income-producing duplex offers a practical live-in and rental setup near major roads and shopping centers.
Property Size2,189 SF
Price / SF$308.36
Days on Market106
Property Features for 7641 NW 2nd Ct
General Information
- Standard status
- Active
- Size
- 2,189 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1972
Listing Agency:
Extraordinary Realty Group, LLC.
Listed By:
Shanice Hanks · License #3558741
Source:
Crexi
Added: Apr 10
Changed: Jul 20
Last Checked: Jul 22 at 12:34PM
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 Extraordinary Realty Group, LLC.
Investment Insights
Based on property information with market context.
This income-producing duplex is configured as a two-unit residential property, offering an owner the ability to occupy one unit while renting the other. The asset includes two separate units designed for rental income and owner use.
Located at 7641 NW 2nd Ct in Miami, FL 33150, the property is described as centrally located near major roads, shopping centers, and local amenities.
As a residential income property, this duplex is positioned for buyers seeking a straightforward two-unit layout with on-site rental opportunity.
Located at 7641 NW 2nd Ct in Miami, FL 33150, the property is described as centrally located near major roads, shopping centers, and local amenities.
As a residential income property, this duplex is positioned for buyers seeking a straightforward two-unit layout with on-site rental opportunity.
Key Highlights
- Duplex built in 1972
- Income‑producing setup designed for buyers to live in one unit and rent the other
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 | $67.0k | $30.60 |
| − Vacancy | −$4.3k | −$1.95 |
| EGI | $62.7k | $28.65 |
| − OpEx | −$18.8k | −$8.60 |
| NOI | $43.9k | $20.06 |
2,189 SF · lease $30.60/SF/yr · vacancy 6.37% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$627.2K
$548.8K – $731.7K
NOI $43,902 @ 7.0% cap · market cap 6.50%
Second Best
Apartment 5plus
$577.7K
$505.5K – $674.0K
NOI $40,438 @ 7.0% cap · market cap 5.99%
Theoretical Best
Specialty Retail
$1.48M
$1.29M – $1.72M
NOI $103,431 @ 7.0% cap · market cap 15.32%
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 - Income-producing duplex offers a practical live-in and rental setup near major roads and shopping centers.
Where is this duplex located?
The property is located at 7641 NW 2nd Ct Miami, FL.
What is the asking price?
The asking price for this property is $675,000.
What are key features of this property?
This property features: Duplex built in 1972; Income‑producing setup designed for buyers to live in one unit and rent the other
