Renovated Duplex with T5
For Sale
$779,000
8011 NE Miami Ct, Miami, FL 33138
Two residential units offer distinct bedroom and bathroom configurations and are master leased.
Property Size2,300 SF
Days on Market54
Property Features for 8011 NE Miami Ct
General Information
Standard status
Active
Size
2,300 SF
Property subtype
Duplex
Taxes and HOA fees
Annual Taxes
$14,443
Building Details
Building Size
2,300 SF
Year Built
1920
Listing Agency:
Master Team Realty, LLC.
Listed By:
Andrea Pereira · License #3372301
Source:
Marcelosteinmander
Added: Aug 17
Changed: Oct 2
Last Checked: Oct 7 at 3:01PM
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 Master Team Realty, LLC.
Investment Insights
Based on property information with market context.
Renovated duplex comprising two residential units: one with 4 bedrooms and 2 bathrooms, and a second with 2 bedrooms and 1 bathroom. Both units are master leased, providing an established leasing structure for the property.
The asset occupies a 7,406-square-foot lot with T5 zoning in the Little River area of Miami. The property was built in 1920, and vacant delivery is available upon request for a buyer planning to reposition the site.
The asset occupies a 7,406-square-foot lot with T5 zoning in the Little River area of Miami. The property was built in 1920, and vacant delivery is available upon request for a buyer planning to reposition the site.
Key Highlights
- Two‑unit duplex with 4‑bedroom/2‑bath and 2‑bedroom/1‑bath layouts
- Both residential units are master leased
- Fully renovated property built in 1920
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$46,128
Cap Rate
5.92%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$922,560
$922.6K
Cap Rate 7%
$658,971
$659.0K
Cap Rate 9%
$512,533
$512.5K
Market Conditions
NOI Build-Up for 2,300 SF
Gross rent
$70.4K $30.60/SF
− Vacancy
−$4.5K −$1.95/SF
EGI
$65.9K $28.65/SF
− OpEx
−$19.8K −$8.60/SF
NOI
$46.1K $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%
$922,560
Cap Rate 7%
$658,971
Cap Rate 9%
$512,533
Alternative Uses
Best Use
Multifamily LT 5
$659.0K
$576.6K – $768.8K
NOI $46,128 @ 7.0% cap · market cap 5.92%
Second Best
Apartment 5plus
$607.0K
$531.1K – $708.2K
NOI $42,489 @ 7.0% cap · market cap 5.45%
Theoretical Best
Specialty Retail
$1.55M
$1.36M – $1.81M
NOI $108,676 @ 7.0% cap · market cap 13.95%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
2,125
Businesses Nearby
Explore this area
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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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - Two residential units offer distinct bedroom and bathroom configurations and are master leased.
Where is this duplex located?
The property is located at 8011 NE Miami Ct Miami, FL.
What is the asking price?
The asking price for this property is $779,000.
What are key features of this property?
This property features: Two‑unit duplex with 4‑bedroom/2‑bath and 2‑bedroom/1‑bath layouts; Both residential units are master leased; Fully renovated property built in 1920
