Price Reduction
Address
1029 SW 5th St, Miami, FL
Price
$ 3,599,000
Property Attributes
- MLS#A11561035
- TypeIncome
- CountyMIAMI-DADE
- CityMiami
- Area41
- NeighborhoodLAWRENCE ESTATE LAND CO
- Zip33130
- StyleFourplex
- Year Built1925
- Taxes$ 32346
- Price$ 3,599,000
- Bedrooms384
- Full Bathrooms256
- Half Bathrooms0
- Sqr Footage10700
Data Source:
Southeast Florida MLS (SEFMLS)
Property Description
In the heart of Little Havana, South Florida's cultural hub, sits a meticulously renovated 16-unit multifamily property. Out of these, 12 units are fully renovated, and 3 are vacant and waiting to be renovated. and 1 is rented on a month-to-month basis. Located strategically near downtown Miami and economic centers, it presents a lucrative opportunity for savvy investors. The property boasts an elegant exterior, private backyard, and laundry facilities, embodying urban sophistication. With seasonal rentals, it has generated $27,400 in gross rental revenue per month over the past 3 months.
| Price History | |
|---|---|
| 4/1/2024 | Listed $4,100,000 |
| 4/17/2024 | 8% - $3,800,000 |
| 5/6/2024 | 6% - $3,599,000 |
General Features
| Sewer | PublicSewer |
|---|---|
| Heating | WallFurnace |
| Cooling | WallWindowUnits |
| Utilities | CableNotAvailable |
| Possession | ClosingFunding,CloseOfEscrow |
| Roof | Aluminum,Concrete,Flat,Tile |
| Architectural Style | Fourplex |
| Pool Features | None |
| Construction Materials | Block |
| Year Built | 1925 |
| Stories | 2 |
| Levels | Two |
| Property SubType | Quadruplex |
| Tax Year | 2023 |
| County | Miami-Dade County |
| New Construction | No |
| Property Type | ResidentialIncome |
| HOA / Comm Assn | No |
| Attached Garage | No |
| Subdivision Name | LAWRENCE ESTATE LAND CO |
| Garage Y/N | No |
| Rent Includes | HotWater,PestControl,Sewer,TrashCollection,Water |
| Status | Active |
| City | Miami |
| Buyer Agent Compensation | 3% |
| View Y/N | No |
| Senior Community Y/N | No |
| Zoning Description | 3900 |
| MLS Area | 41 |
| Private Pool | No |
| Waterfront Y/N | No |
| Carport Y/N | No |
| Street Name | 5th St |
| Listing Terms | Cash,Conventional |
| Property Attached Y/N | No |
| Year Built Details | Resale |
| Land Lease Y/N | No |
| Tax Annual Amount | 32346.0 |
| Home Warranty Y/N | No |
| Lease Renewal Y/N | No |
| Additional Parcels Y/N | No |
| Lease Considered Y/N | No |
| Rent Control Y/N | No |
| Virtual Tour | https://www.propertypanorama.com/instaview/mia/A11561035 |
| Days on Market | 39 |
| Standard Status | Active |
| Occupancy Description | CallAgent |
| Property Sub Type Additional | Quadruplex |
| MobileHomeRemainsYN | No |
| PostalCity | Miami |
| Legal Description | LAWRENCE ESTATE LAND COS SUB PB 2-46 LOT 15 & 5.02FT OF LOT 4 BLK 24 LOT SIZE 7501 SQ FT OR 21159-0406 0303 6 COC 22613-4646 08 2004 1 |
Interior Features
| Flooring | Vinyl |
|---|---|
| Basement (Y/N) | No |
| Air Conditioning Y/N | Yes |
| Heating Y/N | Yes |
| Fireplace Y/N | No |
| Electric On Property Y/N | No |
Exterior Features
| Lot Features | Item14Acre |
|---|---|
| Water Source | Public |
| Total Parking | 0.0 |
| Spa | No |
| Building Area Total | 10700.0 |
| Lot Size Units | SquareFeet |
| Covered Spaces | 0.0 |
| Crops Included Y/N | No |
| Open Parking Y/N | No |
| Horse Y/N | No |
| Irrigation Water Rights Y/N | No |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Income Average in 33130
Price
Taxes
Visits
Year Built
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Data Last Updated: May 15, 2024 3:24 AM UTC
Beaches MLS® All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
