5147 1St StMiami, FL 33126

Property Details for 5147 1St St

Year built

1955

Property type

Residential income properties

Property subtype

Multifamily properties

Description

This exceptional 5-unit apartment building presents a compelling investment opportunity in the vibrant Miami, Florida market. Located at 5147 NW 1st St, Miami, FL 33126, this 1-story property, built in 1955, offers a blend of established income and significant potential. The property is currently tenant-occupied on a month-to-month basis, with reliable tenants who express a desire to remain. The building features individual meters for each unit, ensuring efficient utility management and cost allocation. Central air conditioning provides comfort for all residents. A significant advantage is the recently installed roof, only 5 years old, minimizing immediate maintenance concerns. Beyond the building itself, the property boasts a phenomenal backyard, offering additional space and potential for enhancement. Its prime location provides convenient access to Miami International Airport and the thriving entertainment districts of Coral Gables, with their diverse selection of restaurants and theaters. This property is situated in Miami-Dade County and presents a rare chance to acquire a well-maintained, income-generating asset in a high-demand area. The asking price is $850,000. This represents a strong value proposition for investors seeking a stable and potentially appreciating asset in a dynamic market. The property's strong tenant occupancy and desirable location make it an attractive investment opportunity.

Location Insight

City

Miami

County

Miami-Dade

State

Florida

Latitude

25.7727

Longitude

-80.2789

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