5028 NW 3rd Ave new Save Request In-Person Tour Request Virtual Tour
Miami,FL 33127
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
Square Footage 1,183 sqft
Price per Sqft $675
Subdivision Railway Shops Addn 2Nd Am
MLS Listing ID A11855894
Construction Status Resale
HOA Y/N No
Year Built 1924
Annual Tax Amount $5,898
Tax Year 2024
Property Sub-Type Triplex
Property Description
This well-maintained income-producing triplex is located just minutes from Wynwood, Design District, and Midtown. The property consists of:
• Front Unit: Spacious 2-bedroom, 1-bath, currently rented for $2,700/month
• Rear Unit A: Large 1-bedroom, 1-bath, currently rented for $1,750/month
• Rear Unit B: Large 1-bedroom, 1-bath, currently vacant and ready to lease at market rent
Current Monthly Income: $4,450 (with upside potential once vacant unit is rented)
Pro Forma Income: $6,200+ per month when fully leased at market rates
The building features separate entrances for each unit, plenty of natural light, and a private yard. Situated in a high-demand rental area, this property offers immediate cash flow with room to increase returns.
Location
State FL
County Miami-dade
Community Railway Shops Addn 2Nd Am
Area 31
Interior
Heating Central
Cooling Central Air
Flooring Hardwood,Wood
Exterior
Pool None
Utilities Available Cable Not Available
Roof Type Concrete
Total Parking Spaces 5
Private Pool No
Building
Lot Description < 1/4 Acre
Story 2
Sewer Public Sewer
Level or Stories Two
Structure Type Block,Frame
Construction Status Resale
Others
Tax ID 01-31-24-013-4390
Acceptable Financing Cash,Conventional
Listing Terms Cash,Conventional