8982 5 Ave El Portal, FL 33150
- Small apartment buildings
Current Use by Public Records
- Small apartment buildings
Property Details for 8982 5 Ave
- Year built
- 1939
- Property type
- Small apartment buildings
Description
This well-maintained, fully occupied two-unit apartment building presents a compelling investment opportunity in the desirable El Portal, Florida location. Built in 1939, this single-story property sits on an expansive 15,000+ square foot lot zoned RU-3B (5100 Bungalow Courts), allowing for significant expansion. Currently boasting long-term tenants, the property offers immediate cash flow. The zoning permits the construction of up to five additional units, unlocking substantial future development potential. Its prime location, just two blocks from Miami Shores, ensures strong rental demand and easy access to amenities. Ample parking is available on the property. The asking price is $695,000. This is a rare chance to acquire a multifamily property with immediate income and significant upside in a thriving South Florida market. Don't miss this chance to capitalize on the area's growth and build your investment portfolio. The address is 8982 NW 5th Av, El Portal, FL 33150.
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
- El Portal
- County
- Miami-Dade
- State
- Florida
- Longitude
- -80.2056799
- Latitude
- 25.8568864
