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Property profile & analytics
OFF-MARKET
Small apartment buildings

12108 5 Ave North Miami, FL 33161

Built 1950
Property ID
US18-1600879
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Small apartment buildings
Year built 1950
UPID US18-1600879
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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