5422-5434 5th Ave ,Commercial, Income Non-waterfront for Sale & Rent

5422-5434 5th Ave for Sale & Rent

Price $1,600,000.00

  • Lot size 12500
  • Year Build 1926
  • Waterfront
  • Zip 33127
  • Style
  • Parking Description Common, Free Parking
  • Pool Yes
  • Status Active
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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.

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.

BUENA VISTA GARDENS PB 5-45 LOT 9 BLK 10 LOT SIZE 50.000 X 125 OR 19440-2317 01 2001 1 COC 23790-4393 07 2005 6

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.

City:Miami,Zoning:5700,List A O R:A-Miami Association of REALTORS,Stories:2,Tax Year:2021,Latitude:25.825494,Cooling Y N:1,Heating Y N:1,List Price:1600000,Listing Id:A11248834,Longitude:-80.204133,Mls Status:Active,Year Built:1926,Directions:Located two blocks east of I-95, just north of the 54th Street Corridor in a designated Opportunity Zone of Little Haiti bordering Buena Vista. Blocks from the Magic City Innovation District, the Upper Buena Vista Market, and The Citadel Food Hall.,Postal Code:33127,Street Name:5th Ave,Coordinates:1:25.825494,Gross Income:90425,Photos Count:26,Business Type:1:Commercial/Residential Income,Days On Market:161,Listing Terms:1:Conventional/Refinance,Lot Size Units:Square Feet,On Market Date:2022-07-12,Parcel Number:01-31-13-042-1710,Parking Total:7,Property Type:Commercial Sale,Stories Total:2,Street Number:5422-5434,Public Remarks: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.,County Or Parish:Miami-Dade County,Expiration Date:2023-07-07,List Office Name:Compass Florida, LLC.,Private Remarks: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.,Standard Status:Active,Living Area Units:Square Feet,Major Change Type:Price Decrease,Parking Features:1:Free Parking,Postal Code Plus4:1556,Property Sub Type:Income/MultiFamily,State Or Province:FL,Street Dir Prefix:NW,Tax Annual Amount:13693,Unparsed Address:5422-5434 NW 5th Ave, Miami FL 33127,Listing Agreement:Exclusive Right To Sell,Operating Expense:26048,Year Built Details:New Construction,Building Area Total:4509,Building Area Units:Square Feet,Lot Size Square Feet:12500,M I A M I R E_ For Sale Y N:1,Number Of Buildings:3,Original List Price:1700000,Previous List Price:1700000,Public Survey Range:31,Documents Available:1:Investment Analysis,2:Rent Rolls,I D X Participation Y N:1,Net Operating Income:64377,Syndication Remarks: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.,Listing Contract Date:2022-07-12,Originating System I D:miamire,Public Survey Section:13,Street Number Numeric:5422,Tax Legal Description:BUENA VISTA GARDENS PB 5-45 LOT 9 BLK 10 LOT SIZE 50.000 X 125 OR 19440-2317 01 2001 1 COC 23790-4393 07 2005 6,Gross Scheduled Income:153864,Public Survey Township:31,Originating System Name:Miami Association of REALTORS?,Sub Agency Compensation:$1,Contract Status Change Date:2022-07-12,Internet Address Display Y N:1,Number Of Units In Community:7,Internet Consumer Comment Y N:1,M I A M I R E_ Attribution Contact:786-708-9945,Transaction Broker Compensation:3%,Internet Entire Listing Display Y N:1,Transaction Broker Compensation Type:%,Internet Automated Valuation Display Y N:1,

  • Price $1,600,000.00
  • Price Change: 2022-09-20
  • Lot size sq. ft.
  • Price per sq.ft. $
  • Year Build 1926
  • Waterfront
  • View
  • Pool Yes
  • Style
  • Construction
  • Parking Description Common, Free Parking
  • Flooring Type
  • Property Type Commercial Sale
  • Status Active
  • Listed 2022-09-20
  • Days on Market 194
  • Furnished
  • City Miami
  • Zip 33127
  • State Florida
  • Subdivision
  • Development Name
  • HOA Fees
  • Taxes 13693
  • Taxes Year 2021