Turnkey Investment Property Near Miami
9210 NW 4th Ave Miami, FL 33150
For Sale
Contact for pricing
Turnkey duplex near Miami Shores with development potential.
Property Size2,109 SF
Price / SF$355.14
Days on Market874
Property Features for 9210 NW 4th Ave
General Information
- Standard status
- Active
- Size
- 2,109 SF
- Property subtype
- Multifamily
Building Details
- Year Built
- 1936
Listing Agency:
LX Realty LLC
Listed By:
Alex ilic · License #3462037
Source:
Crexi
Added: Mar 2, 2024
Changed: Jul 6
Last Checked: Jul 23 at 10:20AM
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 LX Realty LLC
Investment Insights
Based on property information with market context.
This turnkey investment property, located just outside Miami Shores and 10 minutes from the Design District, features two separate 2-bedroom, 1-bath units. The property is being sold fully furnished and is situated on an oversized corner lot that offers development potential. The location provides convenient access to shopping, dining, and parks. One of the units is currently rented long-term for $2,600 per month. The second unit is owner-occupied and has the potential to be rented for $3,000 per month. The property size is 2109 square feet.
Key Highlights
- Turnkey investment property with two separate 2‑bedroom, 1‑bath units.
- Fully furnished units ready for immediate rental income.
- Potential for $5,600/month total rental income.
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 | $64.5k | $30.60 |
| − Vacancy | −$4.1k | −$1.95 |
| EGI | $60.4k | $28.65 |
| − OpEx | −$18.1k | −$8.60 |
| NOI | $42.3k | $20.06 |
2,109 SF · lease $30.60/SF/yr · vacancy 6.37% · expense 30.00%
Alternative Uses
Best Use
Multifamily LT 5
$604.2K
$528.7K – $705.0K
NOI $42,297 @ 7.0% cap · market cap 5.65%
Second Best
Apartment 5plus
$556.6K
$487.0K – $649.3K
NOI $38,960 @ 7.0% cap · market cap 5.20%
Theoretical Best
Specialty Retail
$1.42M
$1.25M – $1.66M
NOI $99,651 @ 7.0% cap · market cap 13.30%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Duplexes
FAQs
What type of property is this?
Duplex - Turnkey duplex near Miami Shores with development potential.
Where is this duplex located?
The property is located at 9210 NW 4th Ave Miami, FL.
What is the asking price?
The asking price for this property is $749,000.
What are key features of this property?
This property features: Turnkey investment property with two separate 2‑bedroom, 1‑bath units.; Fully furnished units ready for immediate rental income.; Potential for $5,600/month total rental income.
