USD 1,495,000
5821 NW 1st Ave
Miami, Florida 33127
For Sale
Property Description
4.75% CAP RATE AT ASKING!. Completely renovated 100% rented 6-UNIT MULTIFAMILY property, consisting of a SFH 3/2 + den + garage and 5X 1/1 Units on a 14,300 sq.ft. corner lot (Zoned T-5R). Features brand new roofs with 10 year warranties, new kitchens with granite countertops, SS appliances, and renovated bathrooms with frameless glass shower enclosure. Also featuring new A/C’s, hurricane windows, brand new landscaping, fencing, and washer dryer on property. This property is brand new! All tenants on year leases with security deposits. Current total yearly gross rent is +$112,550 (with +$9,000 in upside/year by bringing 3 of the 1/1 units to market rent). No expense spared; all units completed with the same high-quality material throughout. 10 assigned off-street parking spaces.
Listed by Stonemason Realty, LLC
Virtual Tours
Property Details
- ID #
- A11149699
- Status
- Sale
- Type
- Commercial, Industrial
- Zip Code
- 33127
- Year Built
- 1959
- Parking Spaces
- 10
- Building Feature
- Air Conditioning
- Ground Feature
- Fenced
- Roof Material
- Wood shingle roof
- Water Source
- City/mains water
- Septic
- City sewer
- Construction
- CBS Construction
- Floor
- Terrazzo Floors, Wood Floors
- Lease Term
- 1 To 3 Year Lease
- Occupancy
- Call Listing Agent
- Parking
- Assigned Parking
- Road Frontage
- City Road
- Roof
- Built-Up Roof
- Security
- Motion Detector, Security Lighting
- Type of Building
- Apartments
- Utilities
- Internet
- Zoning Information
- 4600
