1011 5Th StMiami, FL 33130

Property Details for 1011 5Th St

Year built

1995

Construction

CONCRETE

Lot size

0.32 AC

Property size (Sq ft)

12,321 SF

Zone code

6503:COMMERCIAL

Property type

Retail properties

Property subtype

Outlet malls

APN

02-4204-002-0010

APU

242040020010

Description

This exceptional multifamily investment opportunity is located in Miami's vibrant Little Havana neighborhood, just minutes from Downtown Miami and Brickell. The property consists of a two-story, two-building complex built in 1936, with 5 units totaling 3,423 net rentable square feet on a 5,000 square foot lot. Recently renovated in 2021 and 2024, the property boasts a stabilized investment profile with a current NOI of $86,540 and a pro-forma NOI of $90,000, resulting in a 7.53% cap rate and a pro-forma cap rate of 7.83%. The asking price is $1,150,000, or $230,000 per unit. The property is zoned T4-R and benefits from its proximity to public transportation. This prime location, combined with the strong rental history and Little Havana's robust rental market, makes this a compelling investment opportunity offering both immediate income and significant long-term value appreciation potential. The property's strategic location in a high-demand area experiencing ongoing growth and development ensures stability and resilience, making it an ideal addition to any diversified investment portfolio.

• CAP approach

  CAP return

  Valuation

  6%

  $15,637,486

  6.5%

  $14,434,603

  7%

  $13,403,560

• Comparable approach

  Method

  Valuation

  Relative Method

  $11,887,390

  Geo Method

  $11,887,390

• Alternative Use

  Use

  Valuation

  Residential

  $12,176,128

  Hospitality

  $11,153,267

  Educational

  $9,279,388

  Medical

  $9,598,520

  Retail

  $14,434,603

Location Insight

City

Miami Beach

County

Miami-dade

State

Florida

Latitude

25.7748

Longitude

-80.1386

CBSA code

33100

CBSA name

MIAMI-FORT LAUDERDALE-MIAMI BEACH, FL METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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