Renovated Detached Duplex in
For Sale
Contact for pricing
272 NW 58th St, Miami, FL 33127
Two renovated homes on one lot, ideal for investors.
Property Size1,760 SF
Price / SF$676.14
Days on Market832
Property Features for 272 NW 58th St
General Information
Standard status
Active
Size
1,760 SF
Total Parking Spaces
7
Property subtype
Multifamily
Site & Location
Neighborhood
Edison
Building Details
Year Built
1963
Stories
1
Units
2
Listing Agency:
EXP Realty LLC
Listed By:
Ana Geval · License #3293928
Source:
Crexi
Added: Jul 16, 2024
Changed: Oct 3
Last Checked: Oct 24 at 4:16PM
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 EXP Realty LLC
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Investment Insights
Based on property information with market context.
This property features a detached duplex, consisting of two separate houses situated on the same lot. Both houses underwent complete renovation in 2024, including new roofs, new kitchens with quartz countertops, and new windows. Each house includes its own laundry room. The buildings are detached homes, each with a separate entrance, and are separated by a modern 6-foot high fence. The property is located within an opportunity zone and offers proximity to Magic City, the Design District, Wynwood, and Edgewater. The property has already been leased for a long time, the deal includes the assignment of lease rights.
Key Highlights
- Detached duplex: Two renovated houses on one property, ideal for rental income or owner‑occupancy.
- Completely renovated in 2024: Includes new roof, new kitchens with quartz countertops, and new windows.
- Each house has a separate entrance and its own laundry room.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$35,298
Cap Rate
2.97%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$705,960
$706.0K
Cap Rate 7%
$504,257
$504.3K
Cap Rate 9%
$392,200
$392.2K
Market Conditions
NOI Build-Up for 1,760 SF
Gross rent
$53.9K $30.60/SF
− Vacancy
−$3.4K −$1.95/SF
EGI
$50.4K $28.65/SF
− OpEx
−$15.1K −$8.60/SF
NOI
$35.3K $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%
$705,960
Cap Rate 7%
$504,257
Cap Rate 9%
$392,200
Alternative Uses
Best Use
Multifamily LT 5
$504.3K
$441.2K – $588.3K
NOI $35,298 @ 7.0% cap · market cap 2.97%
Second Best
Apartment 5plus
$464.5K
$406.4K – $541.9K
NOI $32,513 @ 7.0% cap · market cap 2.73%
Theoretical Best
Specialty Retail
$1.19M
$1.04M – $1.39M
NOI $83,161 @ 7.0% cap · market cap 6.99%
Zoning and permitted uses should be independently verified with authorities.
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Open Analytics
Location Intelligence
Trade Area within ½ mile
2,066
Businesses Nearby
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Business Placement
Demographics for 33127, FL
27,692
Population
11,245
Households
2.5
Avg Household Size
37
Median Age
13%
College-Educated
69%
High-School Grad
3.3 sq mi
ZIP Area
8,392
Density / Sq Mi
$41,125
Median Household Income
$30,240
Median Earnings
$1,394
Median Rent
$398,800
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 - Two renovated homes on one lot, ideal for investors.
Where is this duplex located?
The property is located at 272 NW 58th St Miami, FL.
What is the asking price?
The asking price for this property is $1,190,000.
What are key features of this property?
This property features: Detached duplex: Two renovated houses on one property, ideal for rental income or owner‑occupancy.; Completely renovated in 2024: Includes new roof, new kitchens with quartz countertops, and new windows.; Each house has a separate entrance and its own laundry room.
