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    2120 5Th St Miami, FL 33135

    Sponsored
    For Sale
    $899,999

    Legal Duplex, Fourplex Potential, $73k Net Income

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional income-generating property, located at 2120 SW 5th St, Miami, FL 33135, presents a lucrative investment opportunity. Built in 1950, this single-story apartment building currently functions as a legal duplex, but its configuration allows for potential expansion into a fourplex. The property consists of a 2-bedroom, 1-bathroom unit, a 1-bedroom, 1-bathroom unit, and a 3-bedroom, 1-bathroom unit. There is also an additional space that could be easily converted into a studio apartment with a bathroom. Currently, the owner occupies two of the units, but the property's potential lies in fully renting all four units, generating a projected annual net income of $73,000. The units are well-maintained and occupied by dependable tenants. On-site amenities include washer/dryer hookups and parking. Further income potential exists through the addition of more coin-operated laundry facilities. This Miami-Dade County property offers a strong rental income stream with significant room for growth, making it an ideal investment for discerning buyers seeking a high-return property in a desirable location. The asking price is $899,999.

    Property Features for 2120 5Th St

    General Information

    Property type
    Multifamily properties

    Building Details

    Year Built
    1950
    Stories
    1

    HighLights

    • Exceptional income‑generating property at 2120 SW 5th St, Miami, FL 33135.
    • Legal duplex with potential for conversion to a fourplex.
    • Features a 2/1, a 1/1, and a 3/1 unit, plus a convertible studio.
    • Projected annual net income of $73,000.
    • Well‑maintained units with dependable tenants; on‑site parking and washer/dryer hookups.
    • Asking price: $899,999.
    Property Profile Location Intelligence

    Current Use by Public Records

    Susan nail's Nail Salon

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Miami
    County
    Miami-Dade
    State
    Florida
    Longitude
    -80.2295383
    Latitude
    25.7679536

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    FAQs

    What type of property is this?
    Multifamily property - Legal Duplex, Fourplex Potential, $73k Net Income
    Where is this multifamily property located?
    The property is located at 2120 5Th St Miami, FL.
    What is the asking price?
    The asking price for this property is $899,999.
    What are key features of this property?
    This property features: Exceptional income-generating property at 2120 SW 5th St, Miami, FL 33135.; Legal duplex with potential for conversion to a fourplex.; Features a 2/1, a 1/1, and a 3/1 unit, plus a convertible studio.
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    Miami, FL 33135
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2120 5Th St Miami, FL 33135
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