Quadplex with Impact
For Sale
$1,850,000
5204 N Miami Avenue, Miami, FL 33127
Quadplex with North Miami Avenue frontage, a brand new roof, and impact windows and doors in a T4L zone.
Property Size3,159 SF
Price / SF$628.61
Days on Market210
Property Features for 5204 N Miami Avenue
General Information
Standard status
Active
Size
3,159 SF
Total Parking Spaces
3
Property subtype
Residential Income
Zoning
3901
Additional Details
Road Access
Yes
Taxes and HOA fees
Annual Taxes
$20,602
Building Details
Building Size
3,159 SF
Year Built
1964
Stories
1
Listing Agency:
Borque Group Realty, LLC.
Listed By:
Hilal F Borque · License #3256299
(305) 699-3073
Source:
Laerrealty
Added: Mar 13
Changed: Oct 6
Last Checked: Oct 7 at 9:28AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Borque Group Realty, LLC.
Investment Insights
Based on property information with market context.
This quadplex for sale offers a multi-unit residential income configuration with a brand new roof and complete impact windows and doors. The property is presented for buyers seeking a steadier housing asset with key exterior protection already addressed.
Situated with North Miami Avenue frontage, the property is identified as being in a T4L zone. The listing highlights both the street-facing presence and the updated, impact-ready building envelope.
For additional due diligence and to confirm unit layouts and any specific site details, interested parties should request the available offering materials.
Situated with North Miami Avenue frontage, the property is identified as being in a T4L zone. The listing highlights both the street-facing presence and the updated, impact-ready building envelope.
For additional due diligence and to confirm unit layouts and any specific site details, interested parties should request the available offering materials.
Key Highlights
- Quadplex with North Miami Avenue frontage
- Brand new roof
- Complete impact windows and impact doors
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$59,023
Cap Rate
3.19%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,180,460
$1.2M
Cap Rate 7%
$843,186
$843.2K
Cap Rate 9%
$655,811
$655.8K
Market Conditions
NOI Build-Up for 2,943 SF
Gross rent
$90.1K $30.60/SF
− Vacancy
−$5.7K −$1.95/SF
EGI
$84.3K $28.65/SF
− OpEx
−$25.3K −$8.60/SF
NOI
$59.0K $20.06/SF
Area
Miami, FL
Vacancy
6.37%
Lease Rate
$30.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,180,460
Cap Rate 7%
$843,186
Cap Rate 9%
$655,811
Alternative Uses
Best Use
Multifamily LT 5
$843.2K
$737.8K – $983.7K
NOI $59,023 @ 7.0% cap · market cap 3.19%
Second Best
Apartment 5plus
$776.7K
$679.6K – $906.1K
NOI $54,367 @ 7.0% cap · market cap 2.94%
Theoretical Best
Specialty Retail
$1.99M
$1.74M – $2.32M
NOI $139,058 @ 7.0% cap · market cap 7.52%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Open Analytics
Current Use
Lease Details
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
2,633
Businesses Nearby
Explore this area
Business Placement
Demographics for 33127, FL
27,692
Population
11,245
Households
2.5
Avg Household Size
37
Median Age
13%
College-Educated
69%
High-School Grad
3.3 sq mi
ZIP Area
8,392
Density / Sq Mi
$41,125
Median Household Income
$30,240
Median Earnings
$1,394
Median Rent
$398,800
Median Home Value
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Multifamily in South region
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Frequently Asked Questions
What type of property is this?
Quadplex - Quadplex with North Miami Avenue frontage, a brand new roof, and impact windows and doors in a T4L zone.
Where is this quadplex located?
The property is located at 5204 N Miami Avenue Miami, FL.
What is the asking price?
The asking price for this property is $1,850,000.
What are key features of this property?
This property features: Quadplex with North Miami Avenue frontage; Brand new roof; Complete impact windows and impact doors
