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    190 57Th St Miami, FL 33127

    For Sale
    $1,400,000

    Luxury Duplex, High Cap Rate, Miami

    Property size:
    2,240 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This exceptional 2-unit duplex in Miami, Florida, presents a compelling investment opportunity. Built in 2021, this meticulously maintained property boasts 2,240 square feet on a 6,800 square foot lot. Each unit offers 3 bedrooms and 2 bathrooms, spanning approximately 1,200 square feet, featuring spacious kitchens, living areas, and in-unit laundry. High-impact windows, central heating and cooling, and six parking spaces enhance the property's appeal. Currently enjoying 100% occupancy with each unit rented at $3,000 per month, generating a 5.00% cap rate. The property is zoned for duplexes and benefits from a convenient location near major roadways (I-95), Miami International Airport (MIA), and vibrant neighborhoods like Little Haiti and the Design District. Exterior features include a fenced yard, high-impact doors, and room for a pool. Municipal sewer and separate meters are in place. The property is offered at $1,400,000. This is a turnkey investment ready for immediate income generation.

    Property Features for 190 57Th St

    General Information

    Property type
    Multifamily properties
    Square Feet
    2,240 SF

    Building Details

    Year Built
    2021
    Stories
    2
    Units
    2

    HighLights

    • Individually metered utilities.
    • Cable service not available.
    • Six parking spaces.
    • Rent includes sewer and trash removal.
    • Fenced yard, impact‑resistant doors, and room for a pool.
    • Central electric heat.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Small apartment buildings

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Miami
    County
    Miami-Dade
    State
    Florida
    Longitude
    -80.1996018
    Latitude
    25.8275634

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    FAQs

    What type of property is this?
    Multifamily property - Luxury Duplex, High Cap Rate, Miami
    Where is this multifamily property located?
    The property is located at 190 57Th St Miami, FL.
    What is the asking price?
    The asking price for this property is $1,400,000.
    What are key features of this property?
    This property features: Individually metered utilities.; Cable service not available.; Six parking spaces.
    Request Owner's contact information
    190 57Th St Miami, FL 33127
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    190 57Th St Miami, FL 33127
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