Westchester Duplex
9283 SW 39th St Miami, FL 33165
For Sale
Contact for pricing
Duplex with two 2-bedroom, 1-bath units and recent electrical upgrades including new panels and electric meters.
Property Size1,421 SF
Price / SF$555.59
Days on Market106
Property Features for 9283 SW 39th St
General Information
- Standard status
- Active
- Size
- 1,421 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1961
Listing Agency:
Genesis Realty Services Inc.
(305) 308-2230
Listed By:
Judith Taveras · License #0697161
Source:
Crexi
Added: Apr 10
Changed: Jul 20
Last Checked: Jul 21 at 10:31AM
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 Genesis Realty Services Inc.
Investment Insights
Based on property information with market context.
This Westchester duplex features two separate units, each offering two bedrooms and one bathroom. Electrical upgrades have been completed throughout, including new panels and electric meters. Additional improvements include a new metal roof, and plumbing work has been completed for the front unit.
The property is located near transportation and shopping, with access to great schools noted in the listing materials.
For sale as a residential income property, the building is configured as a duplex with mirrored unit layouts and documented exterior and system updates including roof, electrical, and front-unit plumbing.
The property is located near transportation and shopping, with access to great schools noted in the listing materials.
For sale as a residential income property, the building is configured as a duplex with mirrored unit layouts and documented exterior and system updates including roof, electrical, and front-unit plumbing.
Key Highlights
- Westchester duplex built in 1961 with two units, each offering 2 bedrooms and 1 bathroom
- Recent electrical upgrades include new panels and separate electric meters
- New metal roof and plumbing upgrades completed for the front unit
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 | $43.5k | $30.60 |
| − Vacancy | −$2.8k | −$1.95 |
| EGI | $40.7k | $28.65 |
| − OpEx | −$12.2k | −$8.60 |
| NOI | $28.5k | $20.06 |
1,421 SF · lease $30.60/SF/yr · vacancy 6.37% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$407.1K
$356.2K – $475.0K
NOI $28,499 @ 7.0% cap · market cap 3.61%
Second Best
Apartment 5plus
$375.0K
$328.1K – $437.5K
NOI $26,251 @ 7.0% cap · market cap 3.33%
Theoretical Best
Specialty Retail
$959.2K
$839.3K – $1.12M
NOI $67,143 @ 7.0% cap · market cap 8.50%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Duplex with two 2-bedroom, 1-bath units and recent electrical upgrades including new panels and electric meters.
Where is this duplex located?
The property is located at 9283 SW 39th St Miami, FL.
What is the asking price?
The asking price for this property is $789,500.
What are key features of this property?
This property features: Westchester duplex built in 1961 with two units, each offering 2 bedrooms and 1 bathroom; Recent electrical upgrades include new panels and separate electric meters; New metal roof and plumbing upgrades completed for the front unit
