Income Duplex For
For Sale
$699,000
812 NW 70th St, Miami, FL 33150
Duplex income property offered for sale with a total size of 2,884 square feet.
Property Size2,884 SF
Days on Market118
Property Features for 812 NW 70th St
General Information
Standard status
Active
Size
2,884 SF
Property subtype
Duplex
Site & Location
Neighborhood
Northwestern Estates
Taxes and HOA fees
Annual Taxes
$9,073
Building Details
Building Size
2,884 SF
Year Built
2009
Listing Agency:
Compass Florida LLC
Listed By:
Latonya Hamilton · License #3212349
(954) 448-6437
Source:
Marcelosteinmander
Added: Jun 30
Changed: Oct 14
Last Checked: Oct 25 at 2:25AM
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 Compass Florida LLC
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Investment Insights
Based on property information with market context.
This income duplex is offered for sale and totals 2,884 square feet. The property is listed at $750,000.
The duplex is located at 812 NW 70th St in Miami, Florida 33150.
With its residential income structure, the asset is positioned as a straightforward multifamily holding within the duplex property type.
The duplex is located at 812 NW 70th St in Miami, Florida 33150.
With its residential income structure, the asset is positioned as a straightforward multifamily holding within the duplex property type.
Key Highlights
- Duplex income property built in 2009
- Total size of 2,884 SF
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$57,840
Cap Rate
8.27%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,156,800
$1.2M
Cap Rate 7%
$826,286
$826.3K
Cap Rate 9%
$642,667
$642.7K
Market Conditions
NOI Build-Up for 2,884 SF
Gross rent
$88.3K $30.60/SF
− Vacancy
−$5.6K −$1.95/SF
EGI
$82.6K $28.65/SF
− OpEx
−$24.8K −$8.60/SF
NOI
$57.8K $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%
$1,156,800
Cap Rate 7%
$826,286
Cap Rate 9%
$642,667
Alternative Uses
Best Use
Multifamily LT 5
$826.3K
$723.0K – $964.0K
NOI $57,840 @ 7.0% cap · market cap 8.27%
Second Best
Apartment 5plus
$761.1K
$666.0K – $888.0K
NOI $53,277 @ 7.0% cap · market cap 7.62%
Theoretical Best
Specialty Retail
$1.95M
$1.70M – $2.27M
NOI $136,270 @ 7.0% cap · market cap 19.49%
Zoning and permitted uses should be independently verified with authorities.
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Location Intelligence
Trade Area within ½ mile
1,332
Businesses Nearby
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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 - Duplex income property offered for sale with a total size of 2,884 square feet.
Where is this duplex located?
The property is located at 812 NW 70th St Miami, FL.
What is the asking price?
The asking price for this property is $699,000.
What are key features of this property?
This property features: Duplex income property built in 2009; Total size of 2,884 SF
