1330 5th St ,Commercial Condo for Sale & Rent

1330 5th St for Sale & Rent

Price $1,350,000.00

• Lot size 7500
• Year Build 1956
• Waterfront
• Zip 33125
• Style
• Parking Description Assigned
• Pool Yes
• Status Active

Description

Amazing investment opportunity. Centrally located, legal 5-plex with an actual annual gross income of $81,600.00, yearly expenses of approximately $21,237, and net income of $59,160.00. At the list price cap rate of 4.7%. Room to increase rents which the PROFORMA shows 93k gross Income and a CAP rate of 5.4%, well-maintained remodeled building, with long-term tenants, separate water and electric meters. Also, income from laundry is not included in annual gross income. Purchase and begin earning money immediately.

call for appoinment

LAWRENCE ESTATE LAND COS SUB PB 2-46 LOT 4 BLK 42 LOT SIZE 7400 SQUARE FEET 74R-174349 COC 26079-1451 11 2007 5

In Residential Area

Amazing investment opportunity. Centrally located, legal 5-plex with an actual annual gross income of $81,600.00, yearly expenses of approximately $21,237, and net income of $59,160.00. At the list price cap rate of 4.7%. Room to increase rents which the PROFORMA shows 93k gross Income and a CAP rate of 5.4%, well-maintained remodeled building, with long-term tenants, separate water and electric meters. Also, income from laundry is not included in annual gross income. Purchase and begin earning money immediately.

City:Miami,Zoning:6107,List A O R:A-Miami Association of REALTORS,Stories:1,Latitude:25.7780027,Cooling Y N:1,Heating Y N:1,Lease Term:Annual Lease,Month To Month,List Price:1350000,Listing Id:A11443180,Longitude:-80.2170351,Mls Status:Active,Year Built:1956,Directions:qne block from Miami Marlins stadium Left Field,Inclusions:Building & Land, Equipment,Leases,Postal Code:33125,Street Name:5th St,Tenant Pays:1:Interior Maintenance,2:Telephone,3:Sewer,4:Water,Coordinates:1:25.7780027,Photos Count:10,Building Name:1330 NW 5th St,Business Type:1:Residential-Multi-Family,Days On Market:8,Lot Size Units:Square Feet,On Market Date:2023-08-28,Parcel Number:01-41-02-005-6690,Parking Total:4,Property Type:Commercial Sale,Stories Total:1,Street Number:1330,Public Remarks:Amazing investment opportunity. Centrally located, legal 5-plex with an actual annual gross income of $81,600.00, yearly expenses of approximately $21,237, and net income of $59,160.00. At the list price cap rate of 4.7%. Room to increase rents which the PROFORMA shows 93k gross Income and a CAP rate of 5.4%, well-maintained remodeled building, with long-term tenants, separate water and electric meters. Also, income from laundry is not included in annual gross income. Purchase and begin earning money immediately.,County Or Parish:Miami-Dade County,Expiration Date:2023-12-31,List Office Name:EAG Realty International Inc.,Private Remarks:call for appoinment,Standard Status:Active,Living Area Units:Square Feet,Major Change Type:New,Postal Code Plus4:4734,Property Sub Type:Income/MultiFamily,Special Licenses:1:Professional Licenses,State Or Province:FL,Street Dir Prefix:NW,Tax Annual Amount:11124,Unparsed Address:1330 NW 5th St, Miami FL 33125,Building Features:1:Laundry Facilities,2:Occupational Licenses,Listing Agreement:Exclusive Right To Sell,Building Area Total:2690,Building Area Units:Square Feet,Lease Considered Y N:1,Lot Size Square Feet:7500,M I A M I R E_ For Sale Y N:1,Original List Price:1350000,Public Survey Range:41,Documents Available:1:Rent Rolls,2:Tax Return,I D X Participation Y N:1,Syndication Remarks:Amazing investment opportunity. Centrally located, legal 5-plex with an actual annual gross income of $81,600.00, yearly expenses of approximately $21,237, and net income of $59,160.00. At the list price cap rate of 4.7%. Room to increase rents which the PROFORMA shows 93k gross Income and a CAP rate of 5.4%, well-maintained remodeled building, with long-term tenants, separate water and electric meters. Also, income from laundry is not included in annual gross income. Purchase and begin earning money immediately.,Listing Contract Date:2023-08-28,Originating System I D:miamire,Public Survey Section:2,Street Number Numeric:1330,Tax Legal Description:LAWRENCE ESTATE LAND COS SUB PB 2-46 LOT 4 BLK 42 LOT SIZE 7400 SQUARE FEET 74R-174349 COC 26079-1451 11 2007 5,Public Survey Township:41,Originating System Name:Miami Association of REALTORS?,Sub Agency Compensation:0.01%,Contract Status Change Date:2023-08-28,Internet Address Display Y N:1,Number Of Units In Community:5,Transaction Broker Compensation:3%,Internet Entire Listing Display Y N:1,Transaction Broker Compensation Type:%,