12108 5 Ave North Miami, FL 33161
This impeccably renovated fourplex in desirable North Miami presents a compelling investment opportunity. Built in 1950, this single-story building is located at 12108 NE 5th Ave, North Miami, FL 33161, within Miami-Dade County. Priced at $949,999, the property offers immediate and steady rental income. Its prime location provides easy access to major highways and a short commute to Wynwood, South Beach, and Miami Beach (approximately 20 minutes). The property features a gated entrance, a large terrace ideal for outdoor gatherings, and a well-maintained garden area. A shared laundry facility with washers and dryers is conveniently located on the premises for tenant use. Each unit boasts its own private entrance and a concrete deck, enhancing tenant privacy and comfort. The seller is highly motivated, making this a particularly attractive proposition for investors seeking a multifamily property with potential for expansion and strong rental returns. The property's excellent curb appeal and modern updates contribute to its high desirability and potential for long-term profitability. This is a rare opportunity to acquire a well-maintained, income-producing asset in a thriving South Florida location.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.