12108 5 Ave North Miami, FL 33161
- Small apartment buildings
Current Use by Public Records
- Small apartment buildings
Property Details for 12108 5 Ave
- Year built
- 1950
- Property type
- Small apartment buildings
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- North Miami
- County
- Miami-Dade
- State
- Florida
- Longitude
- -80.189054
- Latitude
- 25.8870343
