1011 5th St Miami Beach, FL 33139-6504
- Outlet malls
- 12,321 SF
- 0.32 lot acres
Current Use by Public Records
- Mens Hair Salon Miami Beach / Barber Shop
- Skin Care Treatment Miami Beach / Skin Care Clinic
- Trulieve Miami Beach Dispensary / Cannabis Store
Property Details for 1011 5th St
- Year built
- 1995
- Construction
- CONCRETE
- Lot size
- 0.32 lot acres
- Property size
- 12,321 SF
- Zone code
- 6503:COMMERCIAL
- Property type
- Outlet malls
- APN
- 02-4204-002-0010
- APU
- 242040020010
Description
This exceptional multifamily investment opportunity is located in Miami's vibrant Little Havana neighborhood, just minutes from Downtown Miami and Brickell. The property consists of a two-story, two-building complex built in 1936, with 5 units totaling 3,423 net rentable square feet on a 5,000 square foot lot. Recently renovated in 2021 and 2024, the property boasts a stabilized investment profile with a current NOI of $86,540 and a pro-forma NOI of $90,000, resulting in a 7.53% cap rate and a pro-forma cap rate of 7.83%. The asking price is $1,150,000, or $230,000 per unit. The property is zoned T4-R and benefits from its proximity to public transportation. This prime location, combined with the strong rental history and Little Havana's robust rental market, makes this a compelling investment opportunity offering both immediate income and significant long-term value appreciation potential. The property's strategic location in a high-demand area experiencing ongoing growth and development ensures stability and resilience, making it an ideal addition to any diversified investment portfolio.
Value Estimations
-
AI approach
- Method
- Estimation
- ML approach
- $385,000
Get a detailed, property-specific valuation — fast and free
Location Insight
- Map
- Local Demand
- City
- Miami Beach
- County
- Miami-dade
- State
- Florida
- Longitude
- -80.1386
- Latitude
- 25.7748
- CBSA code
- 33100
- CBSA name
- MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA
