For Sale
$1,000,000

4500 5Th StCoral Gables, FL 33134

Prime Location, High-Income Potential

Overview

Added:
Dec 11, 2024
Days on market:
114
This meticulously remodeled 1945 one-story apartment building in Miami, Florida, presents a compelling investment opportunity. Situated on a desirable corner lot in a family-friendly neighborhood near Coral Gables and minutes from the airport, this property offers three units: one 1-bedroom/1-bathroom, one 2-bedroom/1-bathroom, and another 1-bedroom/1-bathroom. The building's location provides easy access to parks, schools, shopping, and dining options. Currently generating a projected $7,500 monthly rental income, this turn-key property boasts a 9% cap rate. The flexible layout allows for owner occupancy with rental income from the remaining units, or maximizing cash flow by leasing all three. Located at 4500 SW 5th St, Miami, FL 33134, in Miami-Dade County, this property is priced at $1,000,000 and represents a rare chance to acquire a high-income generating asset in a sought-after community. The property's address is verified, and its coordinates are 25.7668973 latitude and -80.2697201 longitude.

Highlights

  • $1,000,000 asking price.
  • Multifamily apartment building (duplex/triplex/quadruplex).
  • 1945 construction, one story.
  • Located at 4500 SW 5th St, Miami, FL 33134, near Coral Gables.
  • Three units: one 1/1, two 2/1.
  • Potential $7,500 monthly rental income, 9% cap rate.

Property Details for 4500 5Th St

Property type
Apartment buildings, Small apartment buildings
Year Built
1945
Stories
1

Location Insight

City
Coral Gables
County
Miami-Dade
State
Florida
Latitude
25.7668973
Longitude
-80.2697201
4500 5Th St, Coral Gables, Florida

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4500 5Th St
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