404 5th Ave,Detached, Quadruplex, Quadruplex, Fourplex, City Of Miami South

404 5th Ave, Miami, Florida, 33130

Price $950,000.00

  • Lot size 3164
  • Year Build 1925
  • Waterfront
  • Zip 33130
  • Style Detached
  • Parking Description
  • Pool Yes
  • Status Active

Description

Four units operating as 12 units. This property is legally as per property appraisal office a 4 plex, however the owners have a total of 12 paying tenants. The front building has 10 tenants/units, some units are subdivide which practice co-living a modern form of communal living in which residents get a private bedroom in home with shared common areas. The back building has two private 1/1 one upstairs and one downstairs. This area is very walkable ? most errands can be accomplished on foot. The investment/property has some minor open code violations as per owner. Owners are willing & able to work with the new investor and pay monies owed for violations until the day of closing, enabling the new investor to cure violations post-closing.

Investment is located in Little Havana. Ideal for developer or investor. Property is 100% occupied. Fourplex operating as 12 units.

CITY OF MIAMI SOUTH PB B-41 N50FT LOTS 1 & 2 BLK 30 LOT SIZE 5000 SQUARE FEET OR 20661-2174 0902 1

Less Than 1/4 Acre Lot

Four units operating as 12 units. This property is legally as per property appraisal office a 4 plex, however the owners have a total of 12 paying tenants. The front building has 10 tenants/units, some units are subdivide which practice co-living a modern form of communal living in which residents get a private bedroom in home with shared common areas. The back building has two private 1/1 one upstairs and one downstairs. This area is very walkable ? most errands can be accomplished on foot. The investment/property has some minor open code violations as per owner. Owners are willing & able to work with the new investor and pay monies owed for violations until the day of closing, enabling the new investor to cure violations post-closing.

City:Miami,Zoning:3900,List A O R:A-Miami Association of REALTORS,Stories:2,Tax Year:2020,Latitude:25.769838,Malone Id:2093775985,Cooling Y N:1,Heating Y N:1,List Price:950000,Listing Id:A11090565,Longitude:-80.202799,Mls Status:Active,Year Built:1925,Directions:Call Agent.,Living Area:3164,Postal Code:33130,Street Name:5th Ave,Coordinates:1:25.769838,Photos Count:6,Building Name:CITY OF MIAMI SOUTH,Days On Market:48,Listing Terms:1:Cash,Lot Size Units:Square Feet,M L S Area Major:City Of Miami South,On Market Date:2021-08-27,Parcel Number:01-02-03-000-1010,Property Type:Residential Income,Stories Total:2,Street Number:404,M I A M I R E_ Style:Fourplex,Public Remarks:Four units operating as 12 units. This property is legally as per property appraisal office a 4 plex, however the owners have a total of 12 paying tenants. The front building has 10 tenants/units, some units are subdivide which practice co-living a modern form of communal living in which residents get a private bedroom in home with shared common areas. The back building has two private 1/1 one upstairs and one downstairs. This area is very walkable ? most errands can be accomplished on foot. The investment/property has some minor open code violations as per owner. Owners are willing & able to work with the new investor and pay monies owed for violations until the day of closing, enabling the new investor to cure violations post-closing.,Structure Type:1:Fourplex,County Or Parish:Miami-Dade County,Expiration Date:2021-10-22,Listing Service:Limited Service,Private Remarks:Investment is located in Little Havana. Ideal for developer or investor. Property is 100% occupied. Fourplex operating as 12 units.,Standard Status:Active,Living Area Units:Square Feet,Major Change Type:Price Decrease,Postal Code Plus4:2704,Property Sub Type:Quadruplex,State Or Province:FL,Street Dir Prefix:SW,Subdivision Name:CITY OF MIAMI SOUTH,Tax Annual Amount:6446,Total Actual Rent:90120,Unparsed Address:404 SW 5th Ave, Miami FL 33130,Operating Expense:15587,Year Built Details:Resale,Building Area Total:3164,Building Area Units:Square Feet,Lot Size Square Feet:3164,M I A M I R E_ L P Amt Sq Ft:300.2528,Original List Price:1100000,Previous List Price:1100000,Public Survey Range:2,Documents Available:1:Other Available Information,I D X Participation Y N:1,Net Operating Income:74533,Number Of Units Total:12,Syndication Remarks:Four units operating as 12 units. This property is legally as per property appraisal office a 4 plex, however the owners have a total of 12 paying tenants. The front building has 10 tenants/units, some units are subdivide which practice co-living a modern form of communal living in which residents get a private bedroom in home with shared common areas. The back building has two private 1/1 one upstairs and one downstairs. This area is very walkable ? most errands can be accomplished on foot. The investment/property has some minor open code violations as per owner. Owners are willing & able to work with the new investor and pay monies owed for violations until the day of closing, enabling the new investor to cure violations post-closing.,Listing Contract Date:2021-08-27,Originating System I D:miamire,Public Survey Section:3,Showing Instructions:Appointment Only,Call Listing Agent,Street Number Numeric:404,Tax Legal Description:CITY OF MIAMI SOUTH PB B-41 N50FT LOTS 1 & 2 BLK 30 LOT SIZE 5000 SQUARE FEET OR 20661-2174 0902 1,Public Survey Township:2,Originating System Name:Miami Association of REALTORS?,Sub Agency Compensation:2%,Contract Status Change Date:2021-08-27,Transaction Broker Compensation:2%,Internet Entire Listing Display Y N:1,Transaction Broker Compensation Type:%,M I A M I R E_ R A T I O_ Current Price_ By_ S Q F T:300.25,

  • Price $950,000.00
  • Price Change: 2021-09-16
  • Lot size sq. ft.
  • Price per sq.ft.
  • Year Build 1925
  • Waterfront
  • View
  • Pool Yes
  • Style Detached
  • Construction Other
  • Parking Description
  • Flooring Type Other
  • Property Type Residential Income
  • Status Active
  • Listed 2021-09-16
  • Days on Market 59
  • Furnished
  • City Miami
  • Zip 33130
  • State Florida
  • Subdivision CITY OF MIAMI SOUTH
  • Development Name CITY OF MIAMI SOUTH, City Of Miami South
  • HOA Fees
  • Taxes 6446
  • Taxes Year 2020