Miami Duplex on Oversized
8820 Southwest 27th Street Miami, FL 33165
8820 Southwest 27th Street, Miami, FL, 33165
$1,055,000
For Sale
$1,055,000
Income-producing duplex with renovation on a large lot.
Property Size2,480 SF
Lot Size0.34 Acres
Price / SF$425.40
Days on Market126
Property Features for 8820 Southwest 27th Street
General Information
- Standard status
- Active
- Size
- 2,480 SF
- Lot size
- 0.34 Acres
- Property subtype
- Residential Income / Duplex
Building Details
- Year Built
- 1973
Listing Agency
Luxe Properties
(305) 809-7650
Listed by
Jose De Varona · License #3508408
(305) 809-7650
Source
Compass
Added: Mar 13 Checked: Jul 16 at 7:10 am
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 Luxe Properties
Investment Insights
Based on property information with market context.
This income-producing duplex is located in Miami on a lot exceeding 15,000 square feet. The property offers potential for expansion or future development. Both units are currently rented, providing immediate cash flow. The rear unit has been fully renovated, adding value to the property. The oversized lot offers potential for creative enhancements. The property size is 2,480 square feet.
Key Highlights
- Income‑producing duplex with immediate cash flow.
- Oversized 15,000+ SqFt lot with expansion/development potential.
- Fully renovated rear unit.
Local 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 | $75.9k | $30.60 |
| − Vacancy | −$4.8k | −$1.95 |
| EGI | $71.1k | $28.65 |
| − OpEx | −$21.3k | −$8.60 |
| NOI | $49.7k | $20.06 |
2,480 SF · lease $30.60/SF/yr · vacancy 6.37% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$710.5K
$621.7K – $829.0K
NOI $49,738 @ 7.0% cap · market cap 4.71%
Second Best
Apartment 5plus
$654.5K
$572.7K – $763.6K
NOI $45,814 @ 7.0% cap · market cap 4.34%
Theoretical Best
Specialty Retail
$1.67M
$1.46M – $1.95M
NOI $117,181 @ 7.0% cap · market cap 11.11%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Duplex - Income-producing duplex with renovation on a large lot.
Where is this duplex located?
The property is located at 8820 Southwest 27th Street Miami, FL.
What is the asking price?
The asking price for this property is $1,055,000.
What are key features of this property?
This property features: Income‑producing duplex with immediate cash flow.; Oversized 15,000+ SqFt lot with expansion/development potential.; Fully renovated rear unit.
