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5147 1St St Miami, FL 33126

For Sale
$850,000

1-Story, 5-Unit Apartment Building in Miami

Description

Added:
Dec 11, 2024
Days on Market:
365
This exceptional 5-unit apartment building presents a compelling investment opportunity in the vibrant Miami, Florida market. Located at 5147 NW 1st St, Miami, FL 33126, this 1-story property, built in 1955, offers a blend of established income and significant potential. The property is currently tenant-occupied on a month-to-month basis, with reliable tenants who express a desire to remain. The building features individual meters for each unit, ensuring efficient utility management and cost allocation. Central air conditioning provides comfort for all residents. A significant advantage is the recently installed roof, only 5 years old, minimizing immediate maintenance concerns. Beyond the building itself, the property boasts a phenomenal backyard, offering additional space and potential for enhancement. Its prime location provides convenient access to Miami International Airport and the thriving entertainment districts of Coral Gables, with their diverse selection of restaurants and theaters. This property is situated in Miami-Dade County and presents a rare chance to acquire a well-maintained, income-generating asset in a high-demand area. The asking price is $850,000. This represents a strong value proposition for investors seeking a stable and potentially appreciating asset in a dynamic market. The property's strong tenant occupancy and desirable location make it an attractive investment opportunity.

Property Features for 5147 1St St

General Information

Property type
Multifamily properties

Building Details

Year Built
1955
Stories
1

HighLights

  • $850,000 asking price.
  • Multifamily apartment building (duplex/triplex/quadruplex).
  • Built in 1955, one story.
  • Located at 5147 NW 1st St, Miami, FL 33126.
  • Tenant‑occupied, month‑to‑month leases.
  • New roof (installed within the last 5 years).
Property Profile Insight Report Location Intelligence

Current Use by Public Records

Small apartment buildings

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
-80.2789074
Latitude
25.7726644

FAQs

What type of property is this?
Multifamily property - 1-Story, 5-Unit Apartment Building in Miami
Where is this multifamily property located?
The property is located at 5147 1St St Miami, FL.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: $850,000 asking price.; Multifamily apartment building (duplex/triplex/quadruplex).; Built in 1955, one story.
More about this property
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