Renovated Duplex with Studio
9007 SW 38th St Miami, FL 33165
9007 SW 38th St, Miami, FL, 33165
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For Sale
Contact for pricing
Fully renovated duplex with two 2BR/2BA units plus an additional furnished studio; gated with private patios.
Property Size1,686 SF
Price / SF$681.49
Days on Market142
Property Features for 9007 SW 38th St
General Information
- Standard status
- Active
- Size
- 1,686 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1970
Listing agency
Mia Realty, Corp.
Listed by
Jorge Jr. · License #3244428
Source
Crexi
Added: Mar 1 Updated: Jul 21 at 6:39AM Checked: Jul 21 at 6:39AM
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 Mia Realty, Corp.
Investment Insights
Based on property information with market context.
Turnkey renovated multifamily property featuring a duplex configuration with two 2 bedroom, 2 bathroom units, plus an additional fully furnished studio apartment. The two main units have modern finishes and separate private outdoor space. The property also includes a brand-new roof and impact-resistant windows throughout.
The building is located in Westchester, described as family-friendly, and offers convenient access to major highways, Coral Gables, FIU, and Miami’s amenities. The property is gated, and each unit has an independent private patio, providing outdoor space without shared areas. Please contact the broker to schedule a private showing.
The building is located in Westchester, described as family-friendly, and offers convenient access to major highways, Coral Gables, FIU, and Miami’s amenities. The property is gated, and each unit has an independent private patio, providing outdoor space without shared areas. Please contact the broker to schedule a private showing.
Key Highlights
- Fully renovated duplex with two 2BR/2BA units plus an additional furnished studio apartment
- Brand‑new roof and impact‑resistant windows throughout
- Gated property with independent private patios for each unit (no shared patio spaces)
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 | $51.6k | $30.60 |
| − Vacancy | −$3.3k | −$1.95 |
| EGI | $48.3k | $28.65 |
| − OpEx | −$14.5k | −$8.60 |
| NOI | $33.8k | $20.06 |
1,686 SF · lease $30.60/SF/yr · vacancy 6.37% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$483.1K
$422.7K – $563.6K
NOI $33,814 @ 7.0% cap · market cap 2.94%
Second Best
Apartment 5plus
$444.9K
$389.3K – $519.1K
NOI $31,146 @ 7.0% cap · market cap 2.71%
Theoretical Best
Specialty Retail
$1.14M
$995.8K – $1.33M
NOI $79,664 @ 7.0% cap · market cap 6.93%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Triplexes
Similar For Sale Nearby
FAQs
What type of property is this?
Triplex - Fully renovated duplex with two 2BR/2BA units plus an additional furnished studio; gated with private patios.
Where is this triplex located?
The property is located at 9007 SW 38th St Miami, FL.
What is the asking price?
The asking price for this property is $1,149,000.
What are key features of this property?
This property features: Fully renovated duplex with two 2BR/2BA units plus an additional furnished studio apartment; Brand‑new roof and impact‑resistant windows throughout; Gated property with independent private patios for each unit (no shared patio spaces)
