5422-5434 NW 5th Ave, Miami, FL 33127
  • $1,600,000
  • $1,600,000

Overview

Property ID: 661274
  • CommercialSale
  • Property Type
  • 4509.0 Sqft
  • Area Size
  • 1926
  • Year Built

Description

Value-Add 7-Unit multi-property investment. Three buildings with 7-Units Total: 3/2 SFH, Duplex with stacked 1 Bed/1 Bath, and a four-plex with equal sized 1 Bed/1 Bath units. Cash flowing stabilized income, huge value-add opportunity, under-market rents with proforma to double income potential. Also a chance to utilize section 8 to secure subsidized tenants with little-to-no vacancy.

The sale includes two folios 5422 & 5434 NW 5th Avenue. The units have gone through various updates including interior renovations gradually turning the units to a similar condition. Gated premises with off-street parking for tenants. 40-Year certification near completion.

  • Address: 5422-5434 NW 5th Ave
  • City: Miami
  • State/county: FL
  • Zip/Postal Code: 33127
  • Country: United States

Details

Updated on December 6, 2022 at 4:36 am
  • Property ID 661274
  • Price $1,600,000
  • Property Size 4509.0 Sqft
  • Land Area 12500.0 Sqft
  • Year Built 1926
  • Property Type CommercialSale
  • Property Status For Sale
  • MLS# A11248834
  • Office Name COMPASS FLORIDA, LLC.
  • Agent Name Jemea Kingsby
  • MLS Status Active

Additional details

  • Sewer PublicSewer
  • Cooling WallWindowUnits
  • Heating WindowUnit,WallFurnace
  • Tax Annual 13693
  • Tax Year 2021
  • County Miami-Dade County
  • Property SubType MultiFamily
  • Parking Common,FreeParking
  • Water Source Public

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Mike Benmeleh

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