Home » Miami » 5517 NW 1st Pl, Miami, FL 33127 | A11464666

5517 NW 1st Pl, Miami, FL 33127 | Sold

$515,000
closed for a price of $425,000

Property Highlights

Listing ID A11464666 Status of this Listing: Closed Sold Property Type Residential Income (Multifamily 2-4) Duplex Living Space 1,551 Sqft/144.09 m2 approx. Building Area 1,631 Sqft/151.52 m2 approx. Year Built 1960 Seller considers Cryptocurrency Time of this property from published date until Closing Date 87 Days
14 Photos of this Property

5517 NW 1st Pl, Miami, FL 33127

Property Description: Welcome to this incredible investment opportunity in the heart of Midtown Miami! This spacious 2 bedroom, 2 bath duplex on each side offers an ideal canvas for an investor seeking a fix and flip venture. With two electrical meters, the potential to transform each unit into a highly desirable living space is within reach. Once renovated, each unit has the potential to fetch a monthly rental income of at least $2,250, making this a lucrative prospect for any savvy investor. Don 't miss out on this chance to unlock the full potential of this Midtown Miami duplex!

Useful Info

Contingency:No Contingencies
Original List Price:$515,000
Close Price:$425,000

Lease Details

Rent Includes:
  • Other

Land Lot (Parcel) Details

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

Construction

Year Built Details:
  • Resale
Levels:One
Construction Materials:
  • Block
Flooring:
  • Terrazzo
Stories:1
Possible Use:
  • Investment

Property Features

Waterfront:No
Exterior Features:
  • Porch
  • Patio
Patio and Porch Features:
  • Patio
  • Open
  • Porch
Roof:
  • Shingle
Air Conditioning:Yes
Air Conditioning System:
  • Wall/window Unit(s)
Heating System:
  • Other

Taxes and Expenses

Tax Annual Amount:$4,040

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
Property Tax Status:Tax Reflects City & County Tax

Terms

Documents Available:
  • Other
Listing Terms Considered by Seller:
  • Cash
  • Conventional
  • Fha 203(k)
  • Cryptocurrency
Occupant Type:
  • Tenant
Buyer Possession:
  • Closing & Funding
Buyer Financing:
  • Cash
Lease Considered:No

Community

Subdivision Name:FLOREE
Community Features:
  • Laundry Facilities
Senior Community:No

Parking

Parking Total Spaces:2
Covered Spaces:0

Utilities

Sewer:
  • Public Sewer
Utilities Available:
  • Cable Not Available

More Details

Other Information:
Tax Information: Tax Reflects City & County Tax
Flood Zone : X
Type of Association: None
Style: Duplex
FEMA Flood Zone Designations: X
Municipal Code: 1
Subdivision Number: 75
Buyer Country of Residence: USA
Buy State: Florida

Zoning and Legal

Tax Legal Description:13 53 41 FLOREE PB 66-69 LOT 8 LOT SIZE 60.500 X 90
Real Estate Folio Number (Parcel Number):01-31-13-075-0080
Zoning Description:3900
Public Survey Township:1
Public Survey Range:31
Public Survey Section:13

Listing History

Update/EventDate/Days
Published Date:October 5, 2023 6:10 pm
On Market Date:October 5, 2023
Close Date:December 31, 2023
Price Change Date Time:October 5, 2023 4:08 pm
Last Important Update Description:Closed
Date and Time of Last Important Update:February 8, 2024 6:24 pm
Status Last Changed:February 8, 2024 6:24 pm
Photos Last Modified:October 5, 2023 10:24 pm
Last Modified:February 8, 2024 11:24 pm
Days on the Market Reference Date:February 8, 2024
Days on the Market (updated on Last Modified*):57
Cumulative Days on the Market (updated on Last Modified**):57

Additional Information

Lot Size Range:Less Than 1/4 Acre Lot
Number of Photos Count:14
Area:31
Ref ID:1045918429
Automated Valuation Display:Yes
Courtesy of:MAC Miami Realty Group, LLC.
Universal Property Id:US-12025-N-0131130750080-R-N

Location

Show Property Address:Yes
Street Name:1st Pl
Street Number:5517
Street Direction Prefix:NW
Street Address:5517 NW 1st Pl
City : Miami
State : Florida
Zip Code : 33127
County : Miami-Dade County
Full Address:5517 NW 1st Pl, Miami, FL 33127
Latitude:N25° 49' 35.2''
Longitude:W81° 48' 2.8''

Neighborhood

Postal City:Miami

Property Map