New Construction Super Duplex
For Sale
$1,400,000
190 NW 57th St, Miami, FL 33127
New construction duplex with two 3-bed, 2-bath units.
Property Size2,280 SF
Price / SF$583.33
Days on Market1007
Property Features for 190 NW 57th St
General Information
Standard status
Active
Size
2,280 SF
Property subtype
Duplex
Taxes and HOA fees
Annual Taxes
$10,324
Building Details
Building Size
2,280 SF
Year Built
2021
Listing Agency:
Compra Venta Miami
Listed By:
Victor Persia · License #3194931
(305) 947-0477
Source:
Miamibrokersgroup
Added: Jan 5, 2024
Changed: Oct 4
Last Checked: Oct 7 at 4:04PM
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 Compra Venta Miami
Investment Insights
Based on property information with market context.
This new construction duplex presents an investment opportunity. The property features two units, each with 3 bedrooms and 2 bathrooms. Each unit offers approximately 1200 square feet of living space, including a spacious kitchen and living area. Each unit is equipped with a washer and dryer and stainless steel appliances. High impact windows are installed throughout the property. Storage space is available. The property includes 6 parking spaces. A garden is located in the back. The property is situated close to supermarkets, Panther coffee, Chef Creole, Sur empanadas, Little Haiti, Fiorito, Mandolin, Miami Design District, I-95, and MIA, as well as midtown and downtown areas. Each unit is currently rented for $3,000.
Key Highlights
- Super Duplex: Two units, each with 3 beds and 2 baths, ideal for investors.
- High Rental Income: Each unit currently rented for $3,000.
- New Construction: Built in 2021.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$48,133
Cap Rate
3.44%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$962,660
$962.7K
Cap Rate 7%
$687,614
$687.6K
Cap Rate 9%
$534,811
$534.8K
Market Conditions
NOI Build-Up for 2,400 SF
Gross rent
$73.4K $30.60/SF
− Vacancy
−$4.7K −$1.95/SF
EGI
$68.8K $28.65/SF
− OpEx
−$20.6K −$8.60/SF
NOI
$48.1K $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%
$962,660
Cap Rate 7%
$687,614
Cap Rate 9%
$534,811
Alternative Uses
Best Use
Multifamily LT 5
$687.6K
$601.7K – $802.2K
NOI $48,133 @ 7.0% cap · market cap 3.44%
Second Best
Apartment 5plus
$633.4K
$554.2K – $738.9K
NOI $44,336 @ 7.0% cap · market cap 3.17%
Theoretical Best
Specialty Retail
$1.62M
$1.42M – $1.89M
NOI $113,401 @ 7.0% cap · market cap 8.10%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
2,066
Businesses Nearby
Explore this area
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
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - New construction duplex with two 3-bed, 2-bath units.
Where is this duplex located?
The property is located at 190 NW 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: Super Duplex: Two units, each with 3 beds and 2 baths, ideal for investors.; High Rental Income: Each unit currently rented for $3,000.; New Construction: Built in 2021.
