5500 N Miami Ave, Miami, FL 33127

3,635 sqft

Multi-Family Home
Built in 1953
—— sqft lot
—— car garage
$894/sqft
Listed 5 days ago

Property Description

This fully renovated 17-unit multifamily property is located in Miami’s thriving Little River submarket and presents a prime investment opportunity. All the units have undergone extensive upgrades, including new roofs, hurricane-impact windows/doors, modern electrical systems, and fully remodeled kitchens and bathrooms. Making the property turn-key and minimizing maintenance costs. The property has ample parking.The property generates a net operating income of $198,000, and yields a capitalization rate of 6.08% the asking price. Its strong financial performance and prime Buena Vista location present an opportunity for investors seeking stable returns in a rapidly appreciating area.

Listing Status:: Active
Date Added:: June 16, 2025 at 05:00AM
Listing Office:: Gridline Properties : 786-325-5647
Listing Agent:: Alfredo Riascos : 786-325-5647
MLS ID:: A11823235

Flooring: Other
A/C: Other
Heating: Other

This listing courtesy of Alfredo Riascos, Gridline Properties

Monthly Payment

$Est. Payment

Principal & Interest $
Property Taxes $
Home Insurance $
VA Funding Fee $

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Location

Schools Nearby

Toussaint L'Ouverture Elementary School

120 NE 59th St, Miami, FL, 33137

Grades PK-5

0.28 miles away

Young Men's Preparatory Academy

3001 NW 2nd Ave, Miami, FL, 33127

Grades 6-12

1.47 miles away

Itech@Thomas a Edison Educational Center

6101 NW 2nd Ave, Miami, FL, 33127

Grades 9-12

0.43 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.