South Florida Real Estate

Fourplex

5500 N Miami Ave

Miami , FL 33127

MLS#: A11823235

$3,250,000

Status: Active
Listing number: A11823235
Listing provided by: Gridline Properties
Listing agent phone: None
Last update: a month ago
On site: a month ago
Browse Properties
MIAMI AVE SUB - Residential Income

Property

Beds

None

Full Baths

None

1/2 Baths

None

Year Built

1953

Sq.Footage

3,635

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.

Features & Amenities

Interior

  • Total Bedrooms

    N/A

  • Bathrooms

    N/A

  • Cooling YN

    YES

  • Cooling

    Other

  • Heating YN

    YES

  • Heating

    Other

Exterior

  • Garage

    No

  • Construction Materials

    Other

  • Pool

    Yes

  • Pool Features

    None

Area & Lot

  • Property Type

    Residential Income

  • Property Sub Type

    Quadruplex

  • Architectural Style

    Fourplex

Price

  • Sales Price

    $3,250,000

  • Tax Amount

    11833.0

  • Zoning

    3900

  • Sq. Footage

    3, 635

  • Price/SqFt

    $894

HOA

  • Association

    No

School District

  • Elementary School

    N/A

  • Middle School

    N/A

  • High School

    N/A

Property Features

  • Stories

    1

  • Sewer

    Other

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Location

County

Miami-Dade

Elementary School

Middle School

High School

Listing Courtesy of Alfredo Riascos , Gridline Properties

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Agent JarrodGaylis

Realtor

JarrodGaylis

Call Jarrod today to schedule a private showing.

(817) 682-7464

jgaylis@perfectpropertiesfl.com


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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.

5500 N Miami Ave

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