For Sale
$800,000

1330 54Th StMiami, FL 33142

High-yield, stabilized multi-unit property in Miami.

Overview

Added:
Dec 11, 2024
Days on market:
117
This exceptional mixed-use property, located at 1330 NW 54th St, Miami, FL 33142, presents a compelling investment opportunity. The 2,200 square foot building, constructed in 1951 and renovated in 2020, boasts a Class B rating and sits on a 4,500 square foot lot. Currently operating at 100% occupancy with a net lease, the property generates a substantial NOI of $84,600, resulting in a compelling 10.58% cap rate. The building features two units, two loading docks, and one 14-foot dock-high door, with a 14-foot ceiling height. Twelve parking spaces are available for tenants and patrons. Zoned MIXED USE-STORE/RESIDENTIAL (T5-0), allowing for high-density development of office, retail, residential, warehouse/storage, or hospitality uses, with building heights capped at five stories. An additional 10,000 square feet of air rights provide significant future development potential. The property is situated in a Miami Opportunity Zone, offering potential tax advantages. The asking price is $800,000. Annual expenses include approximately $3,600 for electricity, $2,400 for water, $1,800 for waste removal, $1,440 for internet, $3,600 for maintenance, $3,453.79 for property taxes, and $6,000 for property insurance. Owner financing may be available to qualified buyers.

Highlights

  • $84,600 Annual Gross Income.
  • Annual operating expenses total $22,294, including utilities, maintenance, taxes, and insurance.
  • Owner financing considered with strong credit and substantial down payment.

Property Details for 1330 54Th St

Property type
Mixed-use properties
Square Feet
2,200 SF
Class
B
Year Built/Renovated
1951/2020
Buildings
1
Stories
2
Units
2

Location Insight

City
Miami
County
Miami-Dade
State
Florida
Latitude
25.824555533565
Longitude
-80.218959870517
1330 54Th St, Miami, Florida

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1330 54Th St
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