5028 3rd Ave ,Detached, Triplex, Railway Shops Addn 2nd Am for Sale

5028 3rd Ave for Sale

Price $799,000.00

• Lot size 1720
• Year Build 1924
• Waterfront
• Zip 33127
• Style Detached
• Parking Description
• Pool Yes
• Status Active

Description

This well-maintained income-producing triplex is located just minutes from Wynwood, Design District, and Midtown. The property consists of: ? Front Unit: Spacious 2-bedroom, 1-bath, currently rented for $2,700/month ? Rear Unit A: Large 1-bedroom, 1-bath, currently rented for $1,750/month ? Rear Unit B: Large 1-bedroom, 1-bath, currently vacant and ready to lease at market rent Current Monthly Income: $4,450 (with upside potential once vacant unit is rented) Pro Forma Income: $6,200+ per month when fully leased at market rates The building features separate entrances for each unit, plenty of natural light, and a private yard. Situated in a high-demand rental area, this property offers immediate cash flow with room to increase returns.

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RAILWY SHOPS ADD 2ND AMD PB 3-183 S47.9FT LOTS 14 & 15 BLK 23 LOT SIZE 47.900 X 110 OR 17107-2536 0296 4

Less Than 1/4 Acre Lot

This well-maintained income-producing triplex is located just minutes from Wynwood, Design District, and Midtown. The property consists of: ? Front Unit: Spacious 2-bedroom, 1-bath, currently rented for $2,700/month ? Rear Unit A: Large 1-bedroom, 1-bath, currently rented for $1,750/month ? Rear Unit B: Large 1-bedroom, 1-bath, currently vacant and ready to lease at market rent Current Monthly Income: $4,450 (with upside potential once vacant unit is rented) Pro Forma Income: $6,200+ per month when fully leased at market rates The building features separate entrances for each unit, plenty of natural light, and a private yard. Situated in a high-demand rental area, this property offers immediate cash flow with room to increase returns.

City:Miami,Zoning:5700,List A O R:A-Miami Association of REALTORS,Stories:2,Tax Year:2024,Latitude:25.8219445,Cooling Y N:1,Heating Y N:1,List Price:799000,Listing Id:A11855894,Longitude:-80.2021127,Mls Status:Active,Year Built:1924,Living Area:1183,Postal Code:33127,Street Name:3rd Ave,Coordinates:1:25.8219445,Building Name:RAILWAY SHOPS ADDN 2ND AM,Listing Terms:1:Conventional,Lot Size Units:Square Feet,M I A M I R E_ Area:31,M L S Area Major:Railway Shops Addn 2nd Am,On Market Date:2025-08-09,Parcel Number:01-31-24-013-4390,Parking Total:5,Property Type:Residential Income,Stories Total:2,Street Number:5028,M I A M I R E_ Style:Triplex,Public Remarks:This well-maintained income-producing triplex is located just minutes from Wynwood, Design District, and Midtown. The property consists of: ? Front Unit: Spacious 2-bedroom, 1-bath, currently rented for $2,700/month ? Rear Unit A: Large 1-bedroom, 1-bath, currently rented for $1,750/month ? Rear Unit B: Large 1-bedroom, 1-bath, currently vacant and ready to lease at market rent Current Monthly Income: $4,450 (with upside potential once vacant unit is rented) Pro Forma Income: $6,200+ per month when fully leased at market rates The building features separate entrances for each unit, plenty of natural light, and a private yard. Situated in a high-demand rental area, this property offers immediate cash flow with room to increase returns.,County Or Parish:Miami-Dade County,List Office Name:Johnson's Homes,Standard Status:Active,Living Area Units:Square Feet,Major Change Type:New,Postal Code Plus4:2131,Property Sub Type:Triplex,State Or Province:FL,Street Dir Prefix:NW,Subdivision Name:RAILWAY SHOPS ADDN 2ND AM,Tax Annual Amount:5898,Unparsed Address:5028 NW 3rd Ave, Miami FL 33127,Listing Agreement:Exclusive Right To Sell,Year Built Details:Resale,Building Area Total:1720,Building Area Units:Square Feet,M I A M I R E_ L P Amt Sq Ft:675.4015,Original List Price:799000,Public Survey Range:31,I D X Participation Y N:1,Number Of Units Total:3,Syndication Remarks:This well-maintained income-producing triplex is located just minutes from Wynwood, Design District, and Midtown. The property consists of: ? Front Unit: Spacious 2-bedroom, 1-bath, currently rented for $2,700/month ? Rear Unit A: Large 1-bedroom, 1-bath, currently rented for $1,750/month ? Rear Unit B: Large 1-bedroom, 1-bath, currently vacant and ready to lease at market rent Current Monthly Income: $4,450 (with upside potential once vacant unit is rented) Pro Forma Income: $6,200+ per month when fully leased at market rates The building features separate entrances for each unit, plenty of natural light, and a private yard. Situated in a high-demand rental area, this property offers immediate cash flow with room to increase returns.,Listing Contract Date:2025-08-09,Originating System I D:miamire,Public Survey Section:24,Showing Instructions:24 Hour Notice,Street Number Numeric:5028,Tax Legal Description:RAILWY SHOPS ADD 2ND AMD PB 3-183 S47.9FT LOTS 14 & 15 BLK 23 LOT SIZE 47.900 X 110 OR 17107-2536 0296 4,Public Survey Township:31,Construction Materials:1:Frame,Originating System Name:Miami Association of REALTORS?,M I A M I R E_ Adjusted Area S F:774,M I A M I R E_ Internet Remarks:All units are updated, new bathrooms, kitchens, electrical, plumbing, and AC units are new. Washer and dryer.,Contract Status Change Date:2025-08-09,Internet Address Display Y N:1,Number Of Units In Community:3,Internet Consumer Comment Y N:1,M I A M I R E_ Ok To Advertise List:With Written Broker Approval,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:675.4,Internet Automated Valuation Display Y N:1,