5550 Miami Ave ,Detached, Duplex, Miami Ave Sub for Sale

5550 Miami Ave for Sale

Price $589,900.00

• Lot size 1664
• Year Build 1970
• Waterfront
• Zip 33127
• Style Detached
• Parking Description
• Pool Yes
• Status Active

Description

A prime investment opportunity in one of Miami?s most sought-after neighborhoods! This duplex, zoned MULTIFAMILY 2?9 UNITS (2 living units), is ideally situated on North Miami Avenue?just minutes from the vibrant Wynwood District, known for its top-tier restaurants, art galleries, and boutique shops. Both units feature 2 bedrooms and 1 bathroom, each with its own separate electric meter. The property offers parking on both sides, providing convenience for tenants. Its central location delivers quick access to major expressways, Downtown Miami, Midtown, Design District, and South Beach. Currently, both units are rented month-to-month, presenting excellent upside potential. Rents are below market value, and with updates, the units can command significantly higher rental income.

MIAMI AVE SUB PB 11-13 LOT 8 LESS E10FT FOR ST LOT SIZE 40.000 X 126 OR 19463-1276 01 2001 1 COC 23055-4504 01 2005 6

Less Than 1/4 Acre Lot

A prime investment opportunity in one of Miami?s most sought-after neighborhoods! This duplex, zoned MULTIFAMILY 2?9 UNITS (2 living units), is ideally situated on North Miami Avenue?just minutes from the vibrant Wynwood District, known for its top-tier restaurants, art galleries, and boutique shops. Both units feature 2 bedrooms and 1 bathroom, each with its own separate electric meter. The property offers parking on both sides, providing convenience for tenants. Its central location delivers quick access to major expressways, Downtown Miami, Midtown, Design District, and South Beach. Currently, both units are rented month-to-month, presenting excellent upside potential. Rents are below market value, and with updates, the units can command significantly higher rental income.

City:Miami,Zoning:3900,List A O R:A-Miami Association of REALTORS,Stories:1,Tax Year:2024,Latitude:25.8266996,Cooling Y N:1,List Price:589900,Listing Id:A11916473,Longitude:-80.1964613,Mls Status:Active,Year Built:1970,Living Area:1564,Postal Code:33127,Street Name:Miami Ave,Coordinates:1:25.8266996,Photos Count:6,Building Name:MIAMI AVE SUB,Listing Terms:1:Conventional,Lot Size Units:Square Feet,M I A M I R E_ Area:31,M L S Area Major:Miami Ave Sub,On Market Date:2025-11-18,Parcel Number:01-31-13-054-0070,Parking Total:4,Property Type:Residential Income,Rent Includes:1:Water,Stories Total:1,Street Number:5550,M I A M I R E_ Style:Duplex,Public Remarks:A prime investment opportunity in one of Miami?s most sought-after neighborhoods! This duplex, zoned MULTIFAMILY 2?9 UNITS (2 living units), is ideally situated on North Miami Avenue?just minutes from the vibrant Wynwood District, known for its top-tier restaurants, art galleries, and boutique shops. Both units feature 2 bedrooms and 1 bathroom, each with its own separate electric meter. The property offers parking on both sides, providing convenience for tenants. Its central location delivers quick access to major expressways, Downtown Miami, Midtown, Design District, and South Beach. Currently, both units are rented month-to-month, presenting excellent upside potential. Rents are below market value, and with updates, the units can command significantly higher rental income.,County Or Parish:Miami-Dade County,Expiration Date:2026-05-16,List Office Name:Ancona Real Estate Inc,Standard Status:Active,Living Area Units:Square Feet,Major Change Type:New,Postal Code Plus4:1724,Property Sub Type:Duplex,State Or Province:FL,Street Dir Prefix:N,Subdivision Name:MIAMI AVE SUB,Tax Annual Amount:6735,Unparsed Address:5550 N Miami Ave, Miami FL 33127,Listing Agreement:Exclusive Right To Sell,Year Built Details:Resale,Building Area Total:1664,Building Area Units:Square Feet,Leasable Area Units:Square Feet,M I A M I R E_ Flood Zone:X,M I A M I R E_ L P Amt Sq Ft:377.1739,Original List Price:589900,Public Survey Range:31,I D X Participation Y N:1,M I A M I R E_ N A R Rules Y N:1,Syndication Remarks:A prime investment opportunity in one of Miami?s most sought-after neighborhoods! This duplex, zoned MULTIFAMILY 2?9 UNITS (2 living units), is ideally situated on North Miami Avenue?just minutes from the vibrant Wynwood District, known for its top-tier restaurants, art galleries, and boutique shops. Both units feature 2 bedrooms and 1 bathroom, each with its own separate electric meter. The property offers parking on both sides, providing convenience for tenants. Its central location delivers quick access to major expressways, Downtown Miami, Midtown, Design District, and South Beach. Currently, both units are rented month-to-month, presenting excellent upside potential. Rents are below market value, and with updates, the units can command significantly higher rental income.,Listing Contract Date:2025-11-18,Originating System I D:miamire,Public Survey Section:13,Showing Instructions:Call Listing Agent,Street Number Numeric:5550,Tax Legal Description:MIAMI AVE SUB PB 11-13 LOT 8 LESS E10FT FOR ST LOT SIZE 40.000 X 126 OR 19463-1276 01 2001 1 COC 23055-4504 01 2005 6,M I A M I R E_ Current Price:589900,Public Survey Township:31,M I A M I R E_ Municipal Code:1,Originating System Name:Miami Association of REALTORS?,M I A M I R E_ Adjusted Area S F:1588,M I A M I R E_ Internet Remarks:MULTIFAMILY 2?9 UNITS (2 living units), is ideally situated on North Miami Avenue?just minutes from the vibrant Wynwood District,M I A M I R E_ Parcel Number M L X:0070,M I A M I R E_ Separate Meter Y N:1,M I A M I R E_ Street View Param:1$25.826696$-80.196451$223.00$13.33$1.00$huNxUgUAKsVlYg7vIwT7AQ,Contract Status Change Date:2025-11-18,Internet Address Display Y N:1,M I A M I R E_ Cable Available Y N:1,Number Of Units In Community:2,M I A M I R E_ Ok To Advertise List:No,M I A M I R E_ Subdivision Number:54,M I A M I R E_ Agent Alternate Phone:305-713-8123,Internet Entire Listing Display Y N:1,M I A M I R E_ Address Internet Display:5550 N Miami Ave,M I A M I R E_ R A T I O_ Current Price_ By_ S Q F T:377.17,