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    5037-5035 5Th Ave Miami, FL 33127

    For Sale
    $1,300,000

    Updated 2-unit duplex near Design District

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    363
    This exceptional 2-unit apartment building, built in 1986, presents a lucrative investment opportunity in Miami's desirable West Buena Vista neighborhood. Located at 5037-5035 NW 5th AVE, Miami, FL 33127, this property boasts a prime location just minutes from the Miami Design District, Midtown, Wynwood, Brickell, and the beach. The duplex features a total of two units, each fully upgraded with modern amenities. Improvements include brand new stainless steel appliances, impact-resistant windows and doors, a newly renovated kitchen with quartz countertops, and updated bathrooms with showers. Additional upgrades encompass aluminum gated parking, energy-efficient LED lighting throughout, porcelain tile flooring, a new AC system with Nest thermostats, and separate electric and water meters for each unit. Each unit also includes its own washer and dryer. The property is zoned T3-O for multifamily use, ensuring flexibility and potential for future development. This turnkey investment is offered at $1,300,000 and presents a compelling opportunity for immediate income generation and long-term appreciation in a rapidly growing area. The property's proximity to major employment centers, cultural attractions, and vibrant neighborhoods makes it an ideal investment for both seasoned and first-time investors. A virtual tour is available for a comprehensive walkthrough.

    Property Features for 5037-5035 5Th Ave

    General Information

    Property type
    Multifamily properties

    Building Details

    Year Built
    1986
    Units
    2
    Property Profile Location Intelligence

    Current Use by Public Records

    Small apartment buildings

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Daycare Center

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

    Location Insight

    • Map
    • Local Demand
    City
    Miami
    County
    Miami-Dade
    State
    Florida
    Longitude
    -80.2036393
    Latitude
    25.8220186

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    FAQs

    What type of property is this?
    Multifamily property - Updated 2-unit duplex near Design District
    Where is this multifamily property located?
    The property is located at 5037-5035 5Th Ave Miami, FL.
    What is the asking price?
    The asking price for this property is $1,300,000.
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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
    5037-5035 5Th Ave Miami, FL 33127
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