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1950 SW 5th St, Miami, Florida

$649,000Active

1950 SW 5th St, Miami, Florida 33135
- MLS® ID: A10371343

Property Details

1950 SW 5th St, Miami, Florida 33135 - Cash cow four-plex located in the heart of Little Havana. Just blocks away from the famous Ball & Chain/Calle Ocho tourist district. No other opportunity like this on the market. Unit mix: 3/1 , Studio, Studio, 2/1 detached structure. Cash flowing $5,375/mo with 3 yearly leases and one month to month. Selling at a true 8%+ Cap rate. Empty lot adjacent which gives owner future development opportunity. Multi-fam zoning 38-62/Units per acre. This deal will not last... BOOMING area!

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Amenities

  • Zip33135
  • CountyMiami-Dade
  • SQFT3010
  • StatusActive
  • Purchase TypeActive
  • Property typeRental
  • Zoning type3900
  • Year built1930
  • SewerMunicipal Sewer
  • HeatingCentral Heat
  • CoolingCentral Cooling
  • Parking5
  • Tax amount$4,781.00
  • Tax year2016
  • MLS® IDA10371343

Listing Courtesy of BrokerNation Real Estate

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“Henry has helped me for more than a decade with purchase, sale and rental of property in South Beach. His knowledge of the market is extensive. He is ever the true professional of the highest integrity (not that common in this day and age). Perhaps most importantly he is a master at overcoming difficulties (and they always arise) with tact and fairness to all parties involved.”

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