2350 Ne 174 St, North Miami Beach

Usage

Single Family

Address:

2350 Ne 174 St
North Miami Beach
FL 33160

Property Size:2,575 sq ft
Acreage:0.21
Year Built:1956
Property Class:C2
Latitude:25.936
Longitude:-80.153

Not Offered for Sale

This property is not currently for sale by Visulate but we may be able to find something similar. Contact us for details.

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Visulate is a real estate brokerage based in Merrit Island, Florida. We have assembled a database with details of every property in Florida. Finding the property on our site does not necessarily mean it is for sale or rent at this time.

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Estimated Value: 2350 Ne 174 St

Market Data

In 2013 class A single family properties in North Miami Beach sold for $425.11 to 877.60 per sq ft with a median price per sq ft of $609.93. Class B properties sold for $271.76 to 425.10 per sq ft with a median of $342.02 and class C properties sold for $48.73 to 271.75 per sq ft with a median of $250.61.

Market Valuation

2350 Ne 174 St appears to be a C Class property. Suggested value: $645,321

HighMedianLow
Value699,756 645,321 125,480

Income Valuation - Residential/Gross Lease

Visulate estimates the income value of this property is $37,256. Details of how we produced this estimate value appear below:

The income value of a property identifies its value as a rental property, Value = Rent - Expenses / Cap Rate. The following table shows four different rent estimates for 2350 Ne 174 St:

  • The Household Income estimate assumes the tenant has a total household income of $67,597 and spends 39% of this on rent. The household income estimate is derived from census data and tax records.
  • The Household Income - Renters estimate performs a similar calculation based on the household income of renters rather than all households.
  • The Market Rents estimate evaluates this property in comparison to rental properties in the area.
  • The Price/Ft estimate uses the size of the property to estimate its rent.

Click on a rent value to download a spreadsheet that estimates the NOI (net operating income), cash on cash return, income value and IRR (internal rate of return) for this property.

Valuation ModelMonthly Rent
Household Income - All Households $2,197
Household Income - Renters $1,174
Market Rents $1,153
Price/Ft $850

Expense Estimates:

  • Census data records show 10% of the rental properties in this area are vacant. We've added a 5% bad dept allowance to this.
  • Maintenance costs are estimated based on the size of the property.
  • The property tax estimate uses the average millage rate for the county. It does not include adjustments for city or unincorporated areas. Actual taxes may vary.
  • Insurance estimates are based on the size and location of the property. They are not adjusted for age, flood zone or other risk factors
  • We don't have a way to estimate HOA fees. These should be added manually

The following table shows a income valuation estimate for 2350 Ne 174 St. Download a spreadsheet or click on the Estimate Cashflow link to change its estimates and assumptions. Alternatively, click on the Save button to upload a copy of the spreadsheet to Google Drive.

Amount
Monthly Rent1,153
Annual Rent per Sq Ft5.00
Gross Annual Rent13,834
Vacancies and Bad Debt15%
Vacancies and Bad Debt Amount2,075
Maintenance1,339
HOA, Utilities and CAM0
Property Taxes3,163
Insurance2,521
Management Fees1,383
NOI3,353
Cap Rate9
Estimated Value37,256
Edit Values and Estimate Cashflow Estimate Cashflow
Save to Google Drive (Google login required)

Page 1 of 2. Click on the Estimate Cashflow link to navigate to Page 2.

Miami Dade County, Florida
[Property Appraiser]
Search County Property Tax and Court Records

Select a county from the list then click on the links to connect to the Property Appraiser or Clerk of Courts website

Local Household Income

The median household income in this part of Florida is $47,871. The bottom 10% of the population earn less than $16,291 per year. The top 10% earn more than $149,464 per year. The top 1% earn more than $657,944 per year. Most renters earn between $25,896 (20th percentile) and $45,840 (80th percentile) per year.

Source: US Census American Community Survey - 2007-2011 ACS 5-year PUMS estimates

Local Rents

The median monthly rent in this part of Florida is $1,021. Most renters earn between $2,158 and $3,820 per month. They typically spend 39% of their monthly income on rent. Most rents fall in the $808 (20th percentile) to $1,395 (80th percentile) range. The residential vacancy rate is 10%.

Links

  1. 2350 Ne 174 St, North Miami Beach, FL on Zillow
  2. Recent Sales near 2350 Ne 174 St, North Miami Beach, FL on Realtor.com
  3. 2350 Ne 174 St, North Miami Beach, FL on Google Maps
  4. North Miami Beach, FL Property Values on Trulia
  5. Demographic Data for Zipcode 33160 from City-Data.com
  6. North Miami Beach Demographics from City-Data.com
  7. Phone numbers and opening hours for businesses in the 33160 Zipcode

Owner Details

Companies near this Address

  1. Unique Enterprises Of Miami, Inc. (17451 Ne 23 Avenue)
  2. Stat Air Services LLC (2311 Ne 174st)
  3. Carazas Transport Corp (2289 Ne 174th St)
  4. Bique International, Inc. (2289 Ne 174th Ter)
  5. Voter Education, LLC (2289 Ne 174 Terrace)
  6. Academia Usa Corp (17850 Ne 23 Ave)
  7. Leather Group Corp (17850 Ne 23 Ave)
  8. Nf Florida Corp (17850 Ne 23 Av)
  9. Team Two Management, Inc. (2301 Ne 174th St)
  10. God'S Many Blessings Inc (2301 Ne 174th St)
  11. Deepcut Productions Inc. (2314 Ne 174 Street)
  12. Cache Investment Corporation, Incorporated (2314 Ne 174 Street)
  13. Dtb Holdings, Inc. (2330 Ne 174 St)
  14. Carolyn Shick Inc. (5549 Ft Caroline Rd)
  15. Aventura House, LLC (2849 Ne 173rd St)
  16. Marilou Cleaning Services, Inc (2350 Ne 173 St #102)
  17. Aventura Brentwood, LLC (2350 Ne 173rd St)
  18. Amc Talent LLC (6956 Leisure St)
  19. Seaspa Corp (2365 Ne 173 Street)
  20. The Oz Remodeling, LLC (2365 Ne 173 Street)
  21. Palm Gardens Apts #2, L.L.C. (17291 Ne 23rd Ave)
  22. Paula Marie Salmon Hha Inc. (2375 Ne 173 St Apt B-208)
  23. David E. Diaz P.A. (2375 Ne 173rd St)
  24. Upon This Rock Faith Ministries, Inc. (2375 Ne 173 Street)
  25. Bright Cleaning LLC (2375 Ne 173rd St)
Disclaimers and Disclosures

Public Records Data

The information on this page was compiled from public records. It is deemed reliable but not guaranteed to be an accurate snapshot of the property details at the time the snapshot was taken. All information should be independently verified.

The Visulate site was produced from data and information compiled from recorded documents and/or outside public and private sources. Visulate is not the custodian of public records and does not assume responsibility for errors or omissions in the data it displays or for its misuse by any individual.

In the event of either error or omission, Visulate and any 3rd party data provider shall be held harmless from any damages arising from the use of records displayed on the site.