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Jesse Spencer
Jemea 'Mea' Kingsby

5422-5434 NW 5th Ave

$1,700,000 5422-5434 NW 5th Ave, Miami, FL 33127
Value-Add 7-Unit multi-property investment. Three buildings with 7-Units Total: 3/2 SFH, Duplex with stacked 1 Bed/1 Bath, and a four-plex with equal sized 1 Bed/1 Bath units. Cash flowing stabilized income, huge value-add opportunity, under-market rents with proforma to double income potential. Also a chance to utilize section 8 to secure subsidized tenants with little-to-no vacancy. The sale includes two folios 5422 & 5434 NW 5th Avenue. The units have gone through various updates including interior renovations gradually turning the units to a similar condition. Gated premises with off-street parking for tenants. 40-Year certification near completion.
  • For Sale
    Status
  • 1926
    Year Built
  • 4,509 Sq.Ft.
    Living Area

Features & Amenities

Area & Lot

  • Status: For Sale
  • Living Space: 4,509 Sq.Ft.
  • Lot Size: 0.287 Acres
  • MLS® ID: A11248834
  • Type: COMMERCIAL
  • Year Built: 1926
  • Architecture Styles: Commercial

Exterior & Building

  • Stories: 2
  • Water Source: Public
  • Parking: Common, Free Parking, No Guest Parking
  • Heat Type: Wall/Window Units
  • Air Conditioning: Wall/Window Unit(s)
  • Sewer: Public Sanitation
  • Substructure: Concrete Block Construction

Financial

  • Sales Price: $1,700,000
  • Real Estate Tax: $13,693/yr
  • Zoning: 5700

5422-5434 NW 5th Ave

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