For Sale
$695,000

8982 5 Ave El Portal, FL 33150

Two-unit building, high growth potential.

Property records and analytics

Overview

Added:
Dec 11, 2024
Days on market:
137
This well-maintained, fully occupied two-unit apartment building presents a compelling investment opportunity in the desirable El Portal, Florida location. Built in 1939, this single-story property sits on an expansive 15,000+ square foot lot zoned RU-3B (5100 Bungalow Courts), allowing for significant expansion. Currently boasting long-term tenants, the property offers immediate cash flow. The zoning permits the construction of up to five additional units, unlocking substantial future development potential. Its prime location, just two blocks from Miami Shores, ensures strong rental demand and easy access to amenities. Ample parking is available on the property. The asking price is $695,000. This is a rare chance to acquire a multifamily property with immediate income and significant upside in a thriving South Florida market. Don't miss this chance to capitalize on the area's growth and build your investment portfolio. The address is 8982 NW 5th Av, El Portal, FL 33150.

Highlights

  • $695,000 asking price.
  • Multifamily property, specifically a 2-unit apartment building (duplex/triplex/quadruplex).
  • Built in 1939, one story.
  • Located at 8982 NW 5th Av, El Portal, FL 33150, in Miami-Dade County.
  • Situated on a 15,000+ sq ft lot, zoned for potential expansion (up to 5 additional units).
  • Fully occupied with long-term tenants.

Property Details for 8982 5 Ave

Property type
Apartment buildings, Small apartment buildings
Year Built
1939
Stories
1

Location Insight

City
El Portal
County
Miami-Dade
State
Florida
Latitude
25.8568864
Longitude
-80.2056799

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FAQs

What type of property is this?
Apartment building - Two-unit building, high growth potential.
Where is the apartment building located?
The property is located at 8982 5 Ave El Portal, FL.
What is the asking price?
The asking price for this property is $695,000.
What are key features of this property?
This property features: $695,000 asking price.; Multifamily property, specifically a 2-unit apartment building (duplex/triplex/quadruplex).; Built in 1939, one story.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I access a private listing?
Please contact the broker directly with the information provided on the listing. Once the broker approves your credentials he will make the information public to you.
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Contacts

Nicole Smeke
Nicole Smeke

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Useful Information

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5 Ave
El Portal, FL 33150

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5 Ave
El Portal, FL 33150

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Disclaimer

The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.

We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.

By using this service, you acknowledge and accept that all estimates are provided for informational purposes only and that this website assumes no liability for any reliance on the provided valuations.

8982 5 Ave
  • Nicole Smeke
    Nicole Smeke
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