Miami Duplex Investment
For Sale
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1250 NW 58th St, Miami, FL 33142
Legal duplex in a growing area, great investment opportunity.
Property Size1,848 SF
Lot Size0.17 Acres
Price / SF$343.61
Days on Market734
Property Features for 1250 NW 58th St
General Information
Standard status
Active
Size
1,848 SF
Total Parking Spaces
4
Lot size
0.17 Acres
Property subtype
Multifamily
Site & Location
Neighborhood
Orchard Villa
Building Details
Year Built
1948
Stories
1
Listing Agency:
Opera REI Inc
Listed By:
Raffaele Capoferro · License #3436490
(305) 458-0781
Source:
Crexi
Added: Oct 28, 2024
Changed: Oct 25
Last Checked: Oct 30 at 1:25PM
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 Opera REI Inc
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Investment Insights
Based on property information with market context.
This legal duplex presents a great investment opportunity. The property features two units, each with a 2/1 layout, situated on a 7,600 sqft lot. There is room to build a pool or an efficiency. The property is totally fenced and secured, offering privacy. Each unit has separate meters and central A/C. Parking spaces are available. The property includes a large backyard with mango trees. Both units are currently rented under market value at $2,200. The property is located in a quiet and fast-growing area, close to the Design District, Midtown, Downtown Miami, Miami Beach, I-95, the airport, and the main corridor on 17th Ave. The property is not in a flood area. The property size is 1,848 sqft.
Key Highlights
- Legal duplex (2/1 + 2/1) offering immediate rental income.
- Large 7,600 sqft lot with potential to build a pool or efficiency.
- Excellent location: close to Design District, Midtown, Downtown Miami, Miami Beach, I‑95, and the Airport.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$37,063
Cap Rate
5.84%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$741,260
$741.3K
Cap Rate 7%
$529,471
$529.5K
Cap Rate 9%
$411,811
$411.8K
Market Conditions
NOI Build-Up for 1,848 SF
Gross rent
$56.5K $30.60/SF
− Vacancy
−$3.6K −$1.95/SF
EGI
$52.9K $28.65/SF
− OpEx
−$15.9K −$8.60/SF
NOI
$37.1K $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%
$741,260
Cap Rate 7%
$529,471
Cap Rate 9%
$411,811
Alternative Uses
Best Use
Multifamily LT 5
$529.5K
$463.3K – $617.7K
NOI $37,063 @ 7.0% cap · market cap 5.84%
Second Best
Apartment 5plus
$487.7K
$426.7K – $569.0K
NOI $34,139 @ 7.0% cap · market cap 5.38%
Theoretical Best
Specialty Retail
$1.25M
$1.09M – $1.46M
NOI $87,319 @ 7.0% cap · market cap 13.75%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
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Open Analytics
Location Intelligence
Trade Area within ½ mile
1,413
Businesses Nearby
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Business Placement
Demographics for 33142, FL
55,425
Population
22,275
Households
2.5
Avg Household Size
39
Median Age
13%
College-Educated
69%
High-School Grad
10.9 sq mi
ZIP Area
5,085
Density / Sq Mi
$37,900
Median Household Income
$29,109
Median Earnings
$1,289
Median Rent
$298,000
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Duplex - Legal duplex in a growing area, great investment opportunity.
Where is this duplex located?
The property is located at 1250 NW 58th St Miami, FL.
What is the asking price?
The asking price for this property is $635,000.
What are key features of this property?
This property features: Legal duplex (2/1 + 2/1) offering immediate rental income.; Large 7,600 sqft lot with potential to build a pool or efficiency.; Excellent location: close to Design District, Midtown, Downtown Miami, Miami Beach, I‑95, and the Airport.
