Updated Duplex With Impact
For Sale
$530,000
941 NW 99th Street, Miami, FL 33150
Two-unit property featuring updated interiors, impact windows and doors, a newer roof, and tenant-paid utilities and landscaping.
Property Size1,473 SF
Days on Market65
Property Features for 941 NW 99th Street
General Information
Standard status
Active
Size
1,473 SF
Property subtype
Duplex
Taxes and HOA fees
Annual Taxes
$6,313
Building Details
Building Size
1,473 SF
Year Built
1949
Listing Agency:
NB Elite Realty
Listed By:
Jorge F Zubizarreta · License #0635656
(786) 294-8697
Source:
Silverleafrealtygroup
Added: Aug 5
Changed: Sep 29
Last Checked: Oct 7 at 5:33PM
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 NB Elite Realty
Investment Insights
Based on property information with market context.
Built in 1949, this duplex contains two updated residential units with distinct layouts. One unit offers two bedrooms, one bathroom, and a den; the other includes one bedroom and one bathroom. Both residences have impact-rated windows and doors, and the roof was replaced 3 years ago.
Tenants are responsible for utilities and landscaping, providing a defined operating arrangement for the property. The combination of updated units, recent roof work, and impact protection creates a straightforward two-unit configuration for an owner seeking residential income property.
Tenants are responsible for utilities and landscaping, providing a defined operating arrangement for the property. The combination of updated units, recent roof work, and impact protection creates a straightforward two-unit configuration for an owner seeking residential income property.
Key Highlights
- Two‑unit duplex with one 2‑bedroom, 1‑bath unit plus den and one 1‑bedroom, 1‑bath unit
- Both units have been updated
- Impact windows and doors in both units
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$29,542
Cap Rate
5.57%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$590,840
$590.8K
Cap Rate 7%
$422,029
$422.0K
Cap Rate 9%
$328,244
$328.2K
Market Conditions
NOI Build-Up for 1,473 SF
Gross rent
$45.1K $30.60/SF
− Vacancy
−$2.9K −$1.95/SF
EGI
$42.2K $28.65/SF
− OpEx
−$12.7K −$8.60/SF
NOI
$29.5K $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%
$590,840
Cap Rate 7%
$422,029
Cap Rate 9%
$328,244
Alternative Uses
Best Use
Multifamily LT 5
$422.0K
$369.3K – $492.4K
NOI $29,542 @ 7.0% cap · market cap 5.57%
Second Best
Apartment 5plus
$388.7K
$340.1K – $453.5K
NOI $27,211 @ 7.0% cap · market cap 5.13%
Theoretical Best
Specialty Retail
$994.3K
$870.0K – $1.16M
NOI $69,600 @ 7.0% cap · market cap 13.13%
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
965
Businesses Nearby
Explore this area
Business Placement
Demographics for 33150, FL
28,703
Population
12,403
Households
2.3
Avg Household Size
37
Median Age
14%
College-Educated
75%
High-School Grad
3.5 sq mi
ZIP Area
8,201
Density / Sq Mi
$40,802
Median Household Income
$32,359
Median Earnings
$1,179
Median Rent
$377,700
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Duplex - Two-unit property featuring updated interiors, impact windows and doors, a newer roof, and tenant-paid utilities and landscaping.
Where is this duplex located?
The property is located at 941 NW 99th Street Miami, FL.
What is the asking price?
The asking price for this property is $530,000.
What are key features of this property?
This property features: Two‑unit duplex with one 2‑bedroom, 1‑bath unit plus den and one 1‑bedroom, 1‑bath unit; Both units have been updated; Impact windows and doors in both units
