Miami Duplex with Income Potential

1042 NW 76th St, Miami, FL 33150

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For Sale

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Duplex in Miami with income potential, ideal for investors.

Type:Multifamily

Property size:

1,801 SF

Price / SF:

$347/SF

HighLights

Income‑generating property with $3,600/month rental income.
Zoning allows for up to three units to be built, offering development potential.
Suitable for owner‑occupancy with rental income or investment.
Located in a rapidly gentrifying neighborhood in Miami.
Updated electrical panel (approx. 2 years old) and central A/C (approx. 3 years old).
Features 6 bedrooms and 4 bathrooms.

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Listing Contact

Free Valente

For Sale

Contact for pricing

Duplex in Miami with income potential, ideal for investors.

Type:Multifamily

Property size:

1,801 SF

Price / SF:

$347/SF

Added:: Aug 3, 2024
Days on Market:: 676
Last Refresh:: May 12 at 9:41 pm

Property Features for 1042 NW 76th St

General Information

Standard status: Active
Size: 1,801 SF
Property subtype: Multifamily

Building Details

Year Built: 1948

We can help!

Listing Contact

Free Valente

Listing agent Free Valente License #3265814

Listing office Coldwell Banker Realty

Listing date Aug 3, 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 Coldwell Banker Realty

HighLights

Income‑generating property with $3,600/month rental income.
Zoning allows for up to three units to be built, offering development potential.
Suitable for owner‑occupancy with rental income or investment.
Located in a rapidly gentrifying neighborhood in Miami.
Updated electrical panel (approx. 2 years old) and central A/C (approx. 3 years old).
Features 6 bedrooms and 4 bathrooms.

Overview

This property, suitable for first-time homebuyers or investors, features a duplex with 6 bedrooms and 4 bathrooms. Both units are currently rented, generating a total monthly income of $3,600. The property includes central A/C approximately 3 years old, an updated electrical panel approximately 2 years old, a water heater approximately 5 years old, and a roof approximately 6 years old. Located in a rapidly gentrifying neighborhood within the City of Miami, the property offers value-add potential through renovations, updates, or new construction, with zoning that allows for up to three units to be built. The property size is 1801 square feet.

Local Financial Insights For Multifamily LT 5

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$55.1k	$30.60
− Vacancy	−$3.5k	−$1.95
EGI	$51.6k	$28.65
− OpEx	−$15.5k	−$8.60
NOI	$36.1k	$20.06

1,801 SF · lease $30.60/SF/yr · vacancy 6.37% · expense 30.00%

Alternative Uses

Best Use

Multifamily LT 5

$516.0K

$451.5K – $602.0K (±1% cap)

NOI $36,120 @ 7.0% cap · market cap 5.78%

Second Best

Apartment 5plus

$475.3K

$415.9K – $554.5K (±1% cap)

NOI $33,271 @ 7.0% cap · market cap 5.32%

Theoretical Best

Specialty Retail

$1.22M

$1.06M – $1.42M (±1% cap)

NOI $85,098 @ 7.0% cap · market cap 13.62%

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

Property Profile Location Intelligence

Current Use by Public Records

Duplexes

Suggested Use

Location Insight

Map
Local Demand

City: Miami
County: Miami-Dade
State: Florida
Longitude: -80.214005
Latitude: 25.843704

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For sale
Duplexes
FL
Miami
33150
1042 NW 76th St

What type of property is this?

Duplex - Duplex in Miami with income potential, ideal for investors.

Where is this duplex located?

The property is located at 1042 NW 76th St Miami, FL.

What is the asking price?

The asking price for this property is $625,000.

What are key features of this property?

This property features: Income‑generating property with $3,600/month rental income.; Zoning allows for up to three units to be built, offering development potential.; Suitable for owner‑occupancy with rental income or investment.