Renovated Detached Duplex in
272 NW 58th St Miami, FL 33127
For Sale
Contact for pricing
Two renovated homes on one lot, ideal for investors.
Property Size1,760 SF
Price / SF$676.14
Days on Market739
Property Features for 272 NW 58th St
General Information
- Standard status
- Active
- Size
- 1,760 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1963
Listing Agency:
EXP Realty LLC
Listed By:
Ana Geval · License #3293928
Source:
Crexi
Added: Jul 16, 2024
Changed: Jul 6
Last Checked: Jul 24 at 12:01PM
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
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 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 | $53.9k | $30.60 |
| − Vacancy | −$3.4k | −$1.95 |
| EGI | $50.4k | $28.65 |
| − OpEx | −$15.1k | −$8.60 |
| NOI | $35.3k | $20.06 |
1,760 SF · lease $30.60/SF/yr · vacancy 6.37% · expense 30.00%
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 local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
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.
