2-Unit Single-Story
New
For Sale
$649,000
7948 NW 10th Court, Miami, FL 33150
Each residence has a private driveway, with one unit currently vacant and the other occupied.
Property Size1,440 SF
Days on Market4
Property Features for 7948 NW 10th Court
General Information
Standard status
Active
Size
1,440 SF
Total Parking Spaces
4
Property subtype
Duplex
Occupancy
50%
Site & Location
Neighborhood
Little Haiti
Units
Unit Mix
2 x 2BR/1BA
Multifamily Units
2
Parking per Unit
2
Additional Details
Opportunity Zone
Yes
Tenant in Place
Yes
Taxes and HOA fees
Annual Taxes
$6,574
Building Details
Building Size
1,440 SF
Year Built
2019
Buildings
1
Stories
1
Listing Agency:
Titan Properties
Listed By:
Mildred D March · License #0643260
(305) 345-5086
Source:
Silverleafrealtygroup
Added: Oct 22
Changed: Oct 25
Last Checked: Oct 25 at 2:41AM
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 Titan Properties
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Investment Insights
Based on property information with market context.
Built in 2019, this single-story duplex contains two residences, each configured with two bedrooms and one bathroom. Both units have individual driveways, providing separate vehicle access for residents. One residence is vacant, while the other is occupied.
The property is in Miami and is located within an Opportunity Zone.
The property is in Miami and is located within an Opportunity Zone.
Key Highlights
- 2019 construction
- Two units, each with 2 bedrooms and 1 bathroom
- Individual driveways serve both residences
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$28,880
Cap Rate
4.45%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$577,600
$577.6K
Cap Rate 7%
$412,571
$412.6K
Cap Rate 9%
$320,889
$320.9K
Market Conditions
NOI Build-Up for 1,440 SF
Gross rent
$44.1K $30.60/SF
− Vacancy
−$2.8K −$1.95/SF
EGI
$41.3K $28.65/SF
− OpEx
−$12.4K −$8.60/SF
NOI
$28.9K $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%
$577,600
Cap Rate 7%
$412,571
Cap Rate 9%
$320,889
Alternative Uses
Best Use
Multifamily LT 5
$412.6K
$361.0K – $481.3K
NOI $28,880 @ 7.0% cap · market cap 4.45%
Second Best
Apartment 5plus
$380.0K
$332.5K – $443.4K
NOI $26,602 @ 7.0% cap · market cap 4.10%
Theoretical Best
Specialty Retail
$972.0K
$850.5K – $1.13M
NOI $68,041 @ 7.0% cap · market cap 10.48%
Zoning and permitted uses should be independently verified with authorities.
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Lease Details
2
Residential units
50%
Occupancy
Location Intelligence
Trade Area within ½ mile
882
Businesses Nearby
Explore this area
Business Placement
Demographics for 33150, FL
28,703
Population
12,403
Households
2.3
Avg Household Size
37
Median Age
14%
College-Educated
75%
High-School Grad
3.5 sq mi
ZIP Area
8,201
Density / Sq Mi
$40,802
Median Household Income
$32,359
Median Earnings
$1,179
Median Rent
$377,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Each residence has a private driveway, with one unit currently vacant and the other occupied.
Where is this duplex located?
The property is located at 7948 NW 10th Court Miami, FL.
What is the asking price?
The asking price for this property is $649,000.
What are key features of this property?
This property features: 2019 construction; Two units, each with 2 bedrooms and 1 bathroom; Individual driveways serve both residences
