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    Miami Triplex Near Downtown Title is generated by Realmo AI

    2215 NW 33rd St, Miami, FL 33142

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    Triplex near Downtown Miami and Coconut Grove.

    Type:Multifamily
    Property size:
    2,575 SF
    Price / SF:
    $345/SF
    Added:
    Sep 26, 2024
    Days on Market:
    622
    Last Refresh:
    May 12 at 10:42 pm

    Property Features for 2215 NW 33rd St

    General Information

    Standard status
    Active
    Size
    2,575 SF
    Property subtype
    Multifamily

    Building Details

    Year Built
    1952

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    Listing Contact
    Yaleny Rakovsky

    Listing agent Yaleny Rakovsky License #3164899

    Listing office Choice Realty of Miami Inc

    Listing date Sep 26, 2024

    Source Crexi

    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 Choice Realty of Miami Inc

    HighLights

    • Close to Downtown Miami & Coconut Grove
    • Triplex Conversion
    • Second Floor: 3 Bedrooms, 1 Bathroom
    • Second floor unit two bedrooms, one
    • First Floor: 2 Bedrooms, 1 Bathroom
    • Year Built: 1952

    Overview

    This property is a duplex converted into a triplex. The first floor unit features 2 bedrooms and 1 bathroom. The first second unit includes 3 bedrooms and 1 bathroom. The second floor unit has 2 bedrooms and 1 bathroom. The property is located close to Downtown Miami and Coconut Grove. The property size is 2575 square feet.

    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 $78.8k $30.60
    − Vacancy −$5.0k −$1.95
    EGI $73.8k $28.65
    − OpEx −$22.1k −$8.60
    NOI $51.6k $20.06
    2,575 SF · lease $30.60/SF/yr · vacancy 6.37% · expense 30.00%

    Alternative Uses

    Best Use
    Multifamily LT 5
    $737.8K
    $645.5K – $860.7K (±1% cap)
    NOI $51,643 @ 7.0% cap · market cap 5.80%
    Second Best
    Apartment 5plus
    $679.6K
    $594.6K – $792.8K (±1% cap)
    NOI $47,569 @ 7.0% cap · market cap 5.34%
    Theoretical Best
    Specialty Retail
    $1.74M
    $1.52M – $2.03M (±1% cap)
    NOI $121,670 @ 7.0% cap · market cap 13.67%
    Zoning and permitted uses should be independently verified with local authorities.
    Property Profile Location Intelligence

    Current Use by Public Records

    Triplexes

    Suggested Use

    Law Firm Restaurant Real Estate Agency Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Gym & Fitness Center Skin Care Clinic

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Miami
    County
    Miami-Dade
    State
    Florida
    Longitude
    -80.23247
    Latitude
    25.8068

    FAQs

    What type of property is this?
    Triplex - Triplex near Downtown Miami and Coconut Grove.
    Where is this triplex located?
    The property is located at 2215 NW 33rd St Miami, FL.
    What is the asking price?
    The asking price for this property is $890,000.
    What are key features of this property?
    This property features: Close to Downtown Miami & Coconut Grove; Triplex Conversion; Second Floor: **3 Bedrooms, 1 Bathroom**
    More about this property
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