Fully Leased Residential Income
For Sale
$1,200,000
1330 NW 5th St 5, Miami, FL 33125
Concrete block construction near Downtown Miami, major highways, shopping, dining, and key employment centers.
Property Size2,690 SF
Lot Size0.17 Acres
Price / SF$446.10
Days on Market8
Property Features for 1330 NW 5th St 5
General Information
Standard status
Active
Size
2,690 SF
Lot size
0.17 Acres
Occupancy
100%
Additional Details
Highway Access
Yes
Building Details
Year Built
1956
Construction
concrete block
Listing Agency:
Florida New Dream Corp.
(786) 939-4119
Listed By:
Odelys Reyes Mc Gale
Source:
Mymiahomes
Added: Jul 30
Changed: Jul 31
Last Checked: Aug 5 at 11:12AM
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 Florida New Dream Corp.
Investment Insights
Based on property information with market context.
This fully leased residential income property includes a 2,690 SF building on a 7,500 SF lot. Solid concrete block construction and a 1956 build date are established features of the asset, which is described as well maintained and income producing.
The property is located at 1330 NW 5th St 5 in Miami, Florida 33125, near Downtown Miami, major highways, shopping, dining, and key employment centers. Its fully leased status and established physical construction provide a clear basis for evaluating the property as a residential income asset.
The property is located at 1330 NW 5th St 5 in Miami, Florida 33125, near Downtown Miami, major highways, shopping, dining, and key employment centers. Its fully leased status and established physical construction provide a clear basis for evaluating the property as a residential income asset.
Key Highlights
- Fully leased residential income property
- 2,690 SF building on a 7,500 SF lot
- Solid concrete block construction
Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $96.8k | $36.00 |
| − Vacancy | −$6.5k | −$2.41 |
| EGI | $90.4k | $33.59 |
| − OpEx | −$40.7k | −$15.11 |
| NOI | $49.7k | $18.47 |
2,690 SF · lease $36.00/SF/yr · vacancy 6.70% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$709.9K
$621.2K – $828.2K
NOI $49,693 @ 7.0% cap · market cap 4.14%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.82M
$1.59M – $2.12M
NOI $127,104 @ 7.0% cap · market cap 10.59%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Lease Details
100%
Occupancy
Yes
Highway access
Location Intelligence
Trade Area within ½ mile
3,061
Businesses Nearby
Explore this area
Business Placement
Demographics for 33125, FL
53,507
Population
22,496
Households
2.4
Avg Household Size
43
Median Age
22%
College-Educated
69%
High-School Grad
3.9 sq mi
ZIP Area
13,720
Density / Sq Mi
$40,940
Median Household Income
$30,648
Median Earnings
$1,427
Median Rent
$377,600
Median Home Value
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Residential income property - Concrete block construction near Downtown Miami, major highways, shopping, dining, and key employment centers.
Where is this residential income property located?
The property is located at 1330 NW 5th St 5 Miami, FL.
What is the asking price?
The asking price for this property is $1,200,000.
What are key features of this property?
This property features: Fully leased residential income property; 2,690 SF building on a 7,500 SF lot; Solid concrete block construction
