Home » Miami » 5710 NW 5th Ave, Miami, FL 33127 | A11438418

5710 NW 5th Ave, Miami, FL 33127 | Sold

$399,000
closed for a price of $285,000

Property Highlights

Listing ID A11438418 Status of this Listing: Closed Sold Property Type Residential Income (Multifamily 2-4) Duplex Living Space 1,300 Sqft/120.77 m2 approx. Building Area 1,380 Sqft/128.21 m2 approx. Year Built 1946 Time of this property from published date until Closing Date 95 Days
9 Photos of this Property

5710 NW 5th Ave, Miami, FL 33127

Property Description: Great investment opportunity! Situated just minutes away from the ever-thriving Design District and Wynwood area, is this income-producing detached housing unit in historic Buenavista Gardens. This property consists of two separate living structures — the main home is a 3 bed/1 bath; while the rear residence is a 1 bed/1 bath. Unique in design w/ character. Both buildings had roofs replaced. Both properties will require a reno to restore them to their full glory. Both units are currently rented *significantly* under rental market value. High ROI if updated and priced accordingly. Quiet neighborhood. Lot is zoned for multi-units; newly constructed duplexes are being built on this same street. Many options with this purchase. ABNB allowed. This investment is a smart hedge against inflation.

Useful Info

Contingency:No Contingencies
Previous Asking Price:$415,000
Original List Price:$415,000
Close Price:$285,000

Lease Details

Rent Includes:
  • Sewer
  • Water

Land Lot (Parcel) Details

Lot Features:
  • < 1/4 Acre
Lot Size Unit:Square Feet

Construction

Year Built Details:
  • Effective Year Built
Levels:One
Construction Materials:
  • Block
  • Frame
  • Wood Siding
Flooring:
  • Tile
  • Wood
Stories:1
Possible Use:
  • Investment

Property Features

Waterfront:No
Exterior Features:
  • Fence
  • Patio
  • Fruit Trees
  • Room For Pool
  • Shed
Patio and Porch Features:
  • Patio
Roof:
  • Shingle
Air Conditioning:Yes
Air Conditioning System:
  • Central Air
  • Ceiling Fan(s)
Heating:Yes
Heating System:
  • Central

Taxes and Expenses

Tax Annual Amount:$3,136

Property Tax Notice for Buyers: Do not rely on the current property taxes paid by the seller, as your tax liabilities may increase following the sale. Transferring ownership or making improvements to the property often triggers tax reassessments, which could raise the amount you owe. If you have questions regarding property valuation, please contact the County Property Appraiser’s Office.

Tax Year:2022

Terms

Listing Terms Considered by Seller:
  • Cash
  • Conventional
Occupant Type:
  • Tenant
Buyer Possession:
  • Close Of Escrow
Buyer Financing:
  • Conventional
Lease Considered:No

Community

Subdivision Name:BUENA VISTA GARDENS
Senior Community:No

Parking

Parking Total Spaces:6
Covered Spaces:0

Utilities

Sewer:
  • Septic Tank
  • Public Sewer
Utilities Available:
  • Cable Available

More Details

Other Information:
Tax Information: Tax Reflects No Homestead Tax
Flood Zone : X
Type of Association: None
Style: Duplex
FEMA Flood Zone Designations: X
Municipal Code: 1
Subdivision Number: 42
Buyer Country of Residence: USA
Buy State: Florida

Zoning and Legal

Tax Legal Description:BUENA VISTA GARDENS PB 5-45 LOT 5 BLK 3 LOT SIZE 50.000 X 125 OR 21197-2496 04 2003 6 COC 23046-1575 01 2005 1
Real Estate Folio Number (Parcel Number):01-31-13-042-0500
Zoning Description:5700
Public Survey Township:1
Public Survey Range:31
Public Survey Section:13

Listing History

Update/EventDate/Days
Published Date:August 18, 2023 12:55 pm
On Market Date:August 18, 2023
Close Date:November 21, 2023
Price Change Date Time:September 13, 2023 4:16 pm
Last Important Update Description:Closed
Date and Time of Last Important Update:December 7, 2023 10:41 am
Status Last Changed:December 7, 2023 10:41 am
Photos Last Modified:September 13, 2023 2:40 pm
Last Modified:December 7, 2023 3:42 pm
Days on the Market (updated on Last Modified*):28
Cumulative Days on the Market (updated on Last Modified**):28

Additional Information

Lot Size Range:Less Than 1/4 Acre Lot
Number of Photos Count:9
Area:31
Ref ID:1043706803
Automated Valuation Display:Yes
Courtesy of:Real Estate Sales Force
Universal Property Id:US-12025-N-0131130420500-R-N

Location

Show Property Address:Yes
Street Name:5th Ave
Street Number:5710
Street Direction Prefix:NW
Street Address:5710 NW 5th Ave
City : Miami
State : Florida
Zip Code : 33127
County : Miami-Dade County
Full Address:5710 NW 5th Ave, Miami, FL 33127
Latitude:N25° 49' 40.8''
Longitude:W81° 47' 45''

Neighborhood

Postal City:Miami

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