175 NW 68th St, Miami, FL 33150
Duplex with updated features, ideal for investment purposes.
- Added:
- Jul 8, 2024
- Days on Market:
- 702
- Last Refresh:
- May 13 at 8:14 pm
Property Features for 175 NW 68th St
General Information
- Standard status
- Active
- Size
- 1,719 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1956
Listing agent Jorge Martinez de Castro License #3410393
Listing office JMC Real Estate Miami, Inc
Listing date Jul 8, 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 JMC Real Estate Miami, Inc
HighLights
- Duplex Investment Opportunity
- Hurricane Impact Glass Windows Throughout
- Each unit features 2 bedrooms and 1 bathroom
- Independent Electrical Meters
- Updated PVC Plumbing
- New Roof (5 years old)
Overview
Local 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 | $52.6k | $30.60 |
| − Vacancy | −$3.4k | −$1.95 |
| EGI | $49.3k | $28.65 |
| − OpEx | −$14.8k | −$8.60 |
| NOI | $34.5k | $20.06 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- Miami
- County
- Miami-Dade
- State
- Florida
- Longitude
- -80.199776
- Latitude
- 25.837221
