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    1068 5Th St Miami, FL 33128

    For Sale
    $2,200,000

    Eight-unit, turnkey apartment building in Miami.

    Property size:
    4,480 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    370
    This exceptional eight-unit multifamily investment property, located at 1068 NW 5th St, Miami, FL 33128, presents a compelling opportunity. The property, known as The Ohio Flats, boasts a total of 4,480 square feet and comprises four separate two-story buildings, each housing two units. Built in 1924 and situated on two stories, this completely remodeled property features central air conditioning and impact windows, ensuring both comfort and durability. Its prime location in the heart of Little Havana offers convenient access to the Miami River and benefits from high walkability. The property includes an on-site coin laundry for added income potential, and ample street parking is available. Financial details are available upon request. This turnkey investment is ready for immediate income generation and presents a strong return on investment. The property's solid construction, desirable location, and recent renovations make it an attractive option for discerning investors seeking a stable and profitable venture in a vibrant Miami neighborhood. This is a rare opportunity to acquire a well-maintained, income-producing multifamily property in a rapidly appreciating market.

    Property Features for 1068 5Th St

    General Information

    Property type
    Multifamily properties
    Square Feet
    4,480 SF

    Building Details

    Year Built
    1924
    Stories
    2
    Units
    8

    HighLights

    • Eight‑unit multifamily investment property in Little Havana, Miami.
    • 4,480 square feet on a prime location with high walkability near the Miami River.
    • Completely remodeled with central A/C and impact windows.
    • Four separate two‑story buildings, each with two units.
    • Features an on‑site coin laundry for added income.
    • Ample street parking available.
    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
    -80.2129944
    Latitude
    25.7783196

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    FAQs

    What type of property is this?
    Multifamily property - Eight-unit, turnkey apartment building in Miami.
    Where is this multifamily property located?
    The property is located at 1068 5Th St Miami, FL.
    What is the asking price?
    The asking price for this property is $2,200,000.
    What are key features of this property?
    This property features: Eight-unit multifamily investment property in Little Havana, Miami.; 4,480 square feet on a prime location with high walkability near the Miami River.; Completely remodeled with central A/C and impact windows.
    Request Owner's contact information
    1068 5Th St Miami, FL 33128
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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
    1068 5Th St Miami, FL 33128
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