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    3181 5Th Ave Miami, FL 33127

    For Sale
    $2,000,000

    Miami Duplex, High ROI Potential

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    362
    This exceptional Wynwood investment property, listed at $2,000,000, presents a rare opportunity. Built in 1957, this single-story multifamily building is located at 3181 NW 5th Ave, Miami, FL 33127, within Miami-Dade County. The property features three units: a 2-bedroom, 1-bathroom unit; a second 2-bedroom, 1-bathroom unit currently configured as a 1-bedroom with a spacious living area; and a separate efficiency unit with its own entrance and full bathroom. The zoning is T5-L, 6107 - RESIDENTIAL-MEDIUM RETAIL, offering potential for diverse uses. This property is described as a "cash cow" and presents an amazing investment opportunity due to its location in the heart of Wynwood and its strong rental potential. The property's excellent location and versatile unit configurations make it an attractive investment for both seasoned and new investors seeking a high return on investment in a thriving Miami neighborhood. The property's age and single-story design should be considered in any investment analysis. Serious inquiries are encouraged to explore this unique opportunity further.

    Property Features for 3181 5Th Ave

    General Information

    Property type
    Multifamily properties

    Building Details

    Year Built
    1957
    Stories
    1

    HighLights

    • $2,000,000 asking price.
    • Multifamily apartment building (duplex/triplex/quadruplex).
    • Built in 1957, one story.
    • Located at 3181 NW 5th Ave, Miami, FL 33127 in Miami‑Dade County.
    • Zoned T5‑L, 6107 (Residential‑Medium Retail).
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Small apartment buildings

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Miami
    County
    Miami-Dade
    State
    Florida
    Longitude
    -80.2030374
    Latitude
    25.8061798

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    FAQs

    What type of property is this?
    Multifamily property - Miami Duplex, High ROI Potential
    Where is this multifamily property located?
    The property is located at 3181 5Th Ave Miami, FL.
    What is the asking price?
    The asking price for this property is $2,000,000.
    What are key features of this property?
    This property features: $2,000,000 asking price.; Multifamily apartment building (duplex/triplex/quadruplex).; Built in 1957, one story.
    Request Owner's contact information
    3181 5Th Ave Miami, FL 33127
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    Miami, FL 33127
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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
    3181 5Th Ave Miami, FL 33127
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