Home » Miami » 5895 NW 12th Ave, Miami, FL 33127 | A11736457

Commercial For Sale 5895 NW 12th Ave, Miami, FL 33127

$650,000

Property Highlights

Listing ID A11736457 Status of this Listing: Active For Sale Newly Listed Property Property Type Land Commercial Lot area 8,953 Sqft/831.76 m2 approx. Time of this property on Rebonus 1 Day(s)

5895 NW 12th Ave, Miami, FL 33127

Property Description: This business is a fantastic opportunity! 6 bedroom and 3.5 bathroom hostel, maximizing its space and income potential. Located on a bustling high traffic commercial avenue, it enjoys excellent visibility and accessibility, ideal for attracting guests. The hostel is already generating steady income and boasts an impressive 8.2 rating on Booking.com, reflecting its popularity and guest satisfaction. With well designed rooms, functional common areas, and a prime location, this property offers strong returns for investors looking for a profitable hospitality business. Don 't miss our on this high performing income property!

Useful Info

Original List Price:$650,000

Business Info

Gross Scheduled Income:125860

Land Lot (Parcel) Details

Lot Size Acres:0.2
Lot Features:
  • <1 Acre
Lot Size Unit:Square Feet

Property Features

Waterfront:No
Road Responsibility:
  • Public Maintained Road

Taxes and Expenses

Tax Annual Amount:$8,572

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:2024

Terms

Buyer Possession:
  • Close Of Escrow
Lease Considered:No

Community

Subdivision Name:MODEL ESTATES SUB NO 3
Senior Community:No

Parking

Covered Spaces:0

Utilities

Sewer:
  • Public Sewer
Utilities Available:
  • Electricity Available
  • Natural Gas Available
  • Sewer Available
  • Water Available
  • Other
  • Trash Collection
Water Source:
  • Public

More Details

Other Information:
Flood ZoneAH
FEMA Flood Zone DesignationsAH
Municipal Code1
Ref1104264627
Subdivision Number64

Zoning and Legal

Tax Legal Description:MODEL ESTATES SUB NO 3 PB 116-50 LOT 2 BLK 1 LOT SIZE 91.36 X 97.52 OR 11388-1575 0382 1
Real Estate Folio Number (Parcel Number):01-31-14-064-0020
Zoning Description:4801
Public Survey Township:1
Public Survey Range:31
Public Survey Section:14

Listing History

Update/EventDate/Days
Published Date:February 4, 2025 2:04 pm
On Market Date:February 3, 2025
Price Change Date Time:February 1, 2025 8:20 am
Last Important Update Description:New Listing
Date and Time of Last Important Update:February 4, 2025 2:04 pm
Status Last Changed:February 4, 2025 2:04 pm
Photos Last Modified:February 4, 2025 7:17 pm
Last Modified:February 4, 2025 11:00 pm
Days on the Market Reference Date:February 4, 2025
Days on the Market (updated on Last Modified*):1
Cumulative Days on the Market (updated on Last Modified**):1

Additional Information

Lot Size Range:Less Than 1 Acre
Number of Photos:50
Location:,Central Business District,City Location,Urban Area Development,Less Than 1 Acre
Included:,,
Area:31
Automated Valuation Display:Yes
Courtesy of:Miami Realty Solution Group
Universal Property Id:US-12025-N-0131140640020-R-N

Location

Show Property Address:Yes
Street Name:12th Ave
Street Number:5895
Street Direction Prefix:NW
Street Address:5895 NW 12th Ave
City : Miami
State : Florida
Zip Code : 33127
County : Miami-Dade
Full Address:5895 NW 12th Ave, Miami, FL 33127
Latitude:N25° 49' 47''
Longitude:W81° 47' 1.6''

Neighborhood

Postal City:Miami

Property Map