5500 Miami Ave ,Attached, Quadruplex, Miami Ave Sub for Sale

5500 Miami Ave for Sale

Price $3,250,000.00

• Lot size 3635
• Year Build 1953
• Waterfront
• Zip 33127
• Style Attached
• Parking Description
• Pool Yes
• Status Active

Description

This fully renovated 17-unit multifamily property is located in Miami?s thriving Little River submarket and presents a prime investment opportunity. All the units have undergone extensive upgrades, including new roofs, hurricane-impact windows/doors, modern electrical systems, and fully remodeled kitchens and bathrooms. Making the property turn-key and minimizing maintenance costs. The property has ample parking.The property generates a net operating income of $198,000, and yields a capitalization rate of 6.08% the asking price. Its strong financial performance and prime Buena Vista location present an opportunity for investors seeking stable returns in a rapidly appreciating area.

Submit all offers via MLS Offers: https://www.mlsoffers.com/propertysearch.php?mls=

13 53 41 MIAMI AVE SUB PB 11-13 LOTS 3 & 4 LESS E10FT FOR ST LOT SIZE 80.000 X 126 OR 21266-4158 02 2003 4 COC 24125-0054 12 2005 1

1/4 To Less Than 1/2 Acre Lot

This fully renovated 17-unit multifamily property is located in Miami?s thriving Little River submarket and presents a prime investment opportunity. All the units have undergone extensive upgrades, including new roofs, hurricane-impact windows/doors, modern electrical systems, and fully remodeled kitchens and bathrooms. Making the property turn-key and minimizing maintenance costs. The property has ample parking.The property generates a net operating income of $198,000, and yields a capitalization rate of 6.08% the asking price. Its strong financial performance and prime Buena Vista location present an opportunity for investors seeking stable returns in a rapidly appreciating area.

City:Miami,Zoning:3900,List A O R:A-Miami Association of REALTORS,Stories:1,Tax Year:2025,Latitude:25.8261678,Cooling Y N:1,Heating Y N:1,List Price:3250000,Listing Id:A11823235,Longitude:-80.1964923,Mls Status:Active,Year Built:1953,Living Area:3635,Postal Code:33127,Street Name:Miami Ave,Coordinates:1:25.8261678,Photos Count:6,Building Name:MIAMI AVE SUB,Days On Market:1,Lot Size Units:Square Feet,M I A M I R E_ Area:30,M L S Area Major:Miami Ave Sub,On Market Date:2025-06-16,Parcel Number:01-31-13-054-0030,Parking Total:16,Property Type:Residential Income,Stories Total:1,Street Number:5500,M I A M I R E_ Style:Fourplex,Public Remarks:This fully renovated 17-unit multifamily property is located in Miami?s thriving Little River submarket and presents a prime investment opportunity. All the units have undergone extensive upgrades, including new roofs, hurricane-impact windows/doors, modern electrical systems, and fully remodeled kitchens and bathrooms. Making the property turn-key and minimizing maintenance costs. The property has ample parking.The property generates a net operating income of $198,000, and yields a capitalization rate of 6.08% the asking price. Its strong financial performance and prime Buena Vista location present an opportunity for investors seeking stable returns in a rapidly appreciating area.,Structure Type:1:Fourplex,County Or Parish:Miami-Dade County,List Office Name:Gridline Properties,Standard Status:Active,Living Area Units:Square Feet,Major Change Type:New,Postal Code Plus4:1741,Property Sub Type:Quadruplex,State Or Province:FL,Street Dir Prefix:N,Subdivision Name:MIAMI AVE SUB,N Miami Portfolio,Tax Annual Amount:11833,Unparsed Address:5500 N Miami Ave, Miami FL 33127,Listing Agreement:Exclusive Agency,Year Built Details:Effective Year Built,Building Area Total:3635,Building Area Units:Square Feet,M I A M I R E_ L P Amt Sq Ft:894.0853,Original List Price:3250000,Public Survey Range:31,I D X Participation Y N:1,Syndication Remarks:This fully renovated 17-unit multifamily property is located in Miami?s thriving Little River submarket and presents a prime investment opportunity. All the units have undergone extensive upgrades, including new roofs, hurricane-impact windows/doors, modern electrical systems, and fully remodeled kitchens and bathrooms. Making the property turn-key and minimizing maintenance costs. The property has ample parking.The property generates a net operating income of $198,000, and yields a capitalization rate of 6.08% the asking price. Its strong financial performance and prime Buena Vista location present an opportunity for investors seeking stable returns in a rapidly appreciating area.,Listing Contract Date:2025-06-16,Originating System I D:miamire,Public Survey Section:13,Showing Instructions:Call Listing Agent,Street Number Numeric:5500,Tax Legal Description:13 53 41 MIAMI AVE SUB PB 11-13 LOTS 3 & 4 LESS E10FT FOR ST LOT SIZE 80.000 X 126 OR 21266-4158 02 2003 4 COC 24125-0054 12 2005 1,Public Survey Township:31,Originating System Name:Miami Association of REALTORS?,M I A M I R E_ Adjusted Area S F:3490,M I A M I R E_ Internet Remarks:Strong financial performance and prime location present an opportunity for investors seeking stable returns.,Contract Status Change Date:2025-06-16,Internet Address Display Y N:1,Number Of Units In Community:2,M I A M I R E_ Ok To Advertise List:No,Internet Entire Listing Display Y N:1,M I A M I R E_ R A T I O_ Current Price_ By_ S Q F T:894.09,