Vacant Duplex Renovation
7812 NE Miami Ct, Miami, FL 33138
For Sale
$597,500
Built in 1939 and currently vacant for renovation or redevelopment.
Property Size897 SF
Days on Market58
Property Features for 7812 NE Miami Ct
General Information
Standard status
Size
Property subtype
Property Condition
Severity
Evidence
Site & Location
Neighborhood
Taxes and HOA fees
Annual Taxes
Building Details
Building Size
Year Built
Buildings
Listing Agency:
Grant and Associates Real Estate INC
Listed By:
Lavarian Scott Jones · License FL #3404095
Source:
Vanessafrankmiami
Added: Sep 14
Changed: Oct 31
Last Checked: Nov 10 at 3:47PM
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 Grant and Associates Real Estate INC
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Investment Insights
Based on property information with market context.
This duplex property was constructed in 1939 and is currently vacant. The existing improvements require significant renovation, with the source information identifying full rehabilitation, redevelopment, or potential new construction as possible project directions.
The property is located in Miami’s Little Haiti neighborhood, an area described as experiencing ongoing development and new construction. A neighboring property at 7822 NE Miami Ct is also referenced in the offering, and the seller prefers a combined sale of both properties.
The property is located in Miami’s Little Haiti neighborhood, an area described as experiencing ongoing development and new construction. A neighboring property at 7822 NE Miami Ct is also referenced in the offering, and the seller prefers a combined sale of both properties.
Key Highlights
- Duplex property built in 1939
- Currently vacant for renovation planning
- Existing improvements require significant renovation
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$17,990
Cap Rate
3.01%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$359,800
$359.8K
Cap Rate 7%
$257,000
$257.0K
Cap Rate 9%
$199,889
$199.9K
Market Conditions
NOI Build-Up for 897 SF
Gross rent
$27.4K $30.60/SF
− Vacancy
−$1.7K −$1.95/SF
EGI
$25.7K $28.65/SF
− OpEx
−$7.7K −$8.60/SF
NOI
$18.0K $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%
$359,800
Cap Rate 7%
$257,000
Cap Rate 9%
$199,889
Alternative Uses
Best Use
Multifamily LT 5
$257.0K
$224.9K – $299.8K
NOI $17,990 @ 7.0% cap · market cap 3.01%
Second Best
Apartment 5plus
$236.7K
$207.1K – $276.2K
NOI $16,571 @ 7.0% cap · market cap 2.77%
Theoretical Best
Specialty Retail
$605.5K
$529.8K – $706.4K
NOI $42,384 @ 7.0% cap · market cap 7.09%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
2,125
Businesses Nearby
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Business Placement
Demographics for 33138, FL
27,601
Population
14,310
Households
1.9
Avg Household Size
43
Median Age
47%
College-Educated
87%
High-School Grad
4.2 sq mi
ZIP Area
6,572
Density / Sq Mi
$71,518
Median Household Income
$52,853
Median Earnings
$1,647
Median Rent
$686,300
Median Home Value
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Market
Average Price Trend$/SF for Duplexes in Miami, FL
Properties on Market for Duplexes in Miami
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Built in 1939 and currently vacant for renovation or redevelopment.
Where is this duplex located?
The property is located at 7812 NE Miami Ct Miami, FL.
What is the asking price?
The asking price for this property is $597,500.
What are key features of this property?
This property features: Duplex property built in 1939; Currently vacant for renovation planning; Existing improvements require significant renovation
