Home » Miami » 5020 NW 1st Ave, Miami, FL 33127 | F10404036

5020 NW 1st Ave, Miami, FL 33127 | Sold

$750,000
closed for a price of $610,000

Property Highlights

Listing ID F10404036 Status of this Listing: Closed Sold Property Type Residential Income (Multifamily 2-4) Duplex Living Space 1,682 Sqft/156.26 m2 approx. Year Built 1940 Time of this property from published date until Closing Date 149 Days
5 Photos of this Property

5020 NW 1st Ave, Miami, FL 33127

Property Description: This income generating property is situated in the highly sought after Buena Vista neighborhood. It presents an exceptional opportunity for investors or developers, being sold As-Is. Ideally located just minutes away from the Design District, Midtown, and Wynwood, this property offers undeniable convenience. Property is currently VACANT and showings are available on Supra. Primary Land Use: MultiFamily 2-9 Units

Useful Info

Contingency:Pending Inspections
Original List Price:$750,000
Close Price:$610,000

Land Lot (Parcel) Details

Lot Features:
  • < 1/4 Acre

Construction

Year Built Details:
  • Resale
Number of Units Total:2
Property Condition:
  • Resale
Levels:One
Construction Materials:
  • Stucco
Flooring:
  • Ceramic Tile
Stories:1

Property Features

Waterfront:No
Roof:
  • Barrel
Air Conditioning:Yes
Air Conditioning System:
  • Central Air
Heating:Yes
Heating System:
  • Central

Taxes and Expenses

Tax Annual Amount:$8,169

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

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

Community

Subdivision Name:Railway Shops Add Amd 02
Community Features:
  • Non-gated
Senior Community:No

Parking

Parking Total Spaces:4
Covered Spaces:0

Utilities

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

More Details

Other Information:
Data exchange original Listing Number: F10404036
Type of Association: None

Zoning and Legal

Tax Legal Description:PB 3-183 RAILWAY SHOPS ADDN 2ND AMD LOTS 11 & 12 LESS N83FT BLK 7 OR 14236-3055 0889 5
Real Estate Folio Number (Parcel Number):01-31-24-013-1231
Zoning Description:0104
Public Survey Township:31
Public Survey Section:24

Listing History

Update/EventDate/Days
Published Date:October 9, 2023 10:32 pm
On Market Date:October 9, 2023
Listing Contract Date:October 9, 2023
Contingent Date:January 23, 2024
Close Date:March 6, 2024
Last Important Update Description:Closed
Date and Time of Last Important Update:March 7, 2024 10:49 am
Status Last Changed:March 7, 2024 10:49 am
Photos Last Modified:October 10, 2023 2:48 am
Last Modified:March 7, 2024 3:49 pm
Days on the Market Reference Date:March 7, 2024
Days on the Market (updated on Last Modified*):106
Cumulative Days on the Market (updated on Last Modified**):106

Additional Information

Lot Size Range:Less Than 1/4 Acre Lot,
Number of Photos Count:5
Area:31
Ref ID:1046043839
Automated Valuation Display:Yes
Courtesy of:Asset Realty & Associates, LLC
Universal Property Id:US-12025-N-0131240131231-R-N

Location

Show Property Address:Yes
Street Name:1st Ave
Street Number:5020
Street Direction Prefix:NW
Street Address:5020 NW 1st Ave
City : Miami
State : Florida
Zip Code : 33127
County : Miami-Dade County
Full Address:5020 NW 1st Ave, Miami, FL 33127
Latitude:N25° 49' 19.4''
Longitude:W81° 48' 6.9''

Neighborhood

Postal City:Miami

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