We use technical and analytics cookies to ensure that we give you the best experience to our website
+1 646-431-8072
Back to Search

Multi Family - RAILWAY SHOPS ADDN 2ND AM for Sale

5028 NW 3RD AVE, MIAMI, FL 33127

Asking Price$799,000

Share by:
  • Days on market:

    46 day(s)
  • Adjusted Area:

    774 sqft
  • Original Price:

    $799,000
  • Price per sqft:

    $675.4
  • Tax Legal Description:

    RAILWY SHOPS ADD 2ND AMD PB 3-183 S47.9FT LOTS 14 & 15 BLK 23 LOT SIZE 47.900 X 110 OR 17107-2536 0296 4
  • Tax Year:

    2024
  • Property Type:

    Multi Family
  • Style:

    Triplex
  • Construction Type:

    Concrete Block ConstructionFrame
  • Roof:

    Concrete
  • Cooling Description:

    Central Air
  • Heating Description:

    Central
  • Floor Description:

    Wood
  • Lot Features:

    Less Than 1/4 Acre Lot
  • Type of Association:

    None

Description

$799,000 • living size area 1183 sqft

This well-maintained income-producing triplex is located just minutes from wynwood, design district, and midtown. the property consists of: • front unit: spacious 2-bedroom, 1-bath, currently rented for $2,700/month • rear unit a: large 1-bedroom, 1-bath, currently rented for $1,750/month • rear unit b: large 1-bedroom, 1-bath, currently vacant and ready to lease at market rent current monthly income: $4,450 (with upside potential once vacant unit is rented) pro forma income: $6,200+ per month when fully leased at market rates the building features separate entrances for each unit, plenty of natural light, and a private yard. situated in a high-demand rental area, this property offers immediate cash flow with room to increase returns.

Similar Properties in this Area

* MLS is not responsible for the accuracy of the information listed above. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange Program and the MLS and is provided here for consumers` personal, non-commercial use. It may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by brokerage firms other than the office owning this website are marked with the IDX logo and detailed information about them includes the name of the listing brokers. Data provided is deemed reliable but not guaranteed. Copyright MLS All rights reserved. Courtesy of One Sotheby's International Realty