3422 Nw 18 Ave, Miami

Usage

Multi-family - less than 10 units

Address:

3422 Nw 18 Ave
Miami
FL 33142

Property Size:1,655 sq ft
Acreage:0.10
Year Built:1970
Property Class:C2
Latitude:25.808
Longitude:-80.226

Not Offered for Sale

Our records indicate this property is not currently for sale 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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Links

  1. 3422 Nw 18 Ave, Miami, FL on Google Maps
  2. Miami, FL Property Values on Trulia
  3. Demographic Data for Zipcode 33142 from City-Data.com
  4. Miami Demographics from City-Data.com
  5. Phone numbers and opening hours for businesses in the 33142 Zipcode

Owner Details

Companies near this Address

  1. Alvez Autos & Trucks, Inc (1858 Nw 35th St)

Sales History

DateSold BySold ToDeed TypePrice
12/01/2012 Not Recorded Buyer: 2088757 Unknown 43,200.00

Miami-Dade County Real Estate - Miami

Miami

Miami is Florida's second most populous city. Miami is also the second largest US city with a Spanish speaking majority, which accounts for its nickname of "the capital of Latin America." Industries with the largest influence in Miami include commerce, finance, and international business. Miami is home to the headquarters of many large businesses including Burger King, US Century Bank, Caribbean Cruise Lines, and World Fuel Services. The port of Miami is one of the nation's busiest ports and contributes $18 billion to the city's economy. The largest employers in Miami are Miami-Dade County Public Schools, Miami-Dade County, United States Government, Florida Government, University of Miami, and Baptist Health South Florida.

Miami is in South East Florida. It's population as recorded in the 2010 Census was 399,457.

The median age for residents of Miami is 38.8. Around 27.3% of Miami households include school aged children and 29.9% of households include individuals aged 65 years or over. Census records indicate 72.5% of the Miami population are White, 19.2% are Black or African American, .2% American Indian, .9% Asian and 2.6% are Two or more Races. Miami has a significant Hispanic population. 69.9% (279,456) of Miami residents are of Hispanic or Latino origin. Of these 2.08% are of Mexican origin, 4.57% Puerto Rican, 49.13% Cuban and 44.2% are of other Hispanic or Latino origin.

There are 183,994 housing units in Miami. 25,677 (13.9%) of these were reported as vacant in the 2010 Census. There are 118,493 residential rental units in Miami. 107,131 of them were occupied in 2010 providing a residential rental vacancy rate of 9.2%.

Miami links:

Local Household Income

The median household income in this part of Florida is $38,357. The bottom 10% of the population earn less than $11,470 per year. The top 10% earn more than $198,528 per year. The top 1% earn more than $677,641 per year. Most renters earn between $22,248 (20th percentile) and $45,372 (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 $871. Most renters earn between $1,854 and $3,781 per month. They typically spend 36% of their monthly income on rent. Most rents fall in the $509 (20th percentile) to $1,394 (80th percentile) range. The residential vacancy rate is 10%.

Estimated Value: 3422 Nw 18 Ave

Market Data

In 2013 class A multi-family - less than 10 units properties in Miami sold for $111.70 to 969.99 per sq ft with a median price per sq ft of $150.89. Class B properties sold for $45.23 to 111.69 per sq ft with a median of $72.81 and class C properties sold for $10.21 to 45.22 per sq ft with a median of $38.46.

Market Valuation

3422 Nw 18 Ave appears to be a C Class property. Suggested value: $63,651

HighMedianLow
Value74,839 63,651 16,898

Income Valuation - Residential/Gross Lease

Visulate estimates the income value of this property is $30,056. Details of how we produced this estimate value appear below:

The following table shows a income valuation estimate for 3422 Nw 18 Ave. 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 Rent703
Annual Rent per Sq Ft5.10
Gross Annual Rent8,441
Vacancies and Bad Debt20%
Vacancies and Bad Debt Amount1,688
Maintenance861
HOA, Utilities and CAM0
Property Taxes1,177
Insurance1,605
Management Fees405
NOI2,705
Cap Rate9
Estimated Value30,056
Edit Values and Estimate Cashflow Estimate Cashflow
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Page 1 of 2. Click on the Estimate Cashflow link to navigate to Page 2.

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.