About 1029 Sw 5th St
In the heart of Little Havana, South Florida's cultural hub, sits a meticulously renovated 16-unit multifamily property. Out of these, 12 units are fully renovated, and 3 are vacant and waiting to be renovated. and 1 is rented on a month-to-month basis. Located strategically near downtown Miami and economic centers, it presents a lucrative opportunity for savvy investors. The property boasts an elegant exterior, private backyard, and laundry facilities, embodying urban sophistication. With seasonal rentals, it has generated $27,400 in gross rental revenue per month over the past 3 months.
Features of 1029 Sw 5th St
| MLS® # | A11561035 |
|---|---|
| Price | $3,599,000 |
| Square Footage | 10,700 |
| Year Built | 1925 |
| Type | Residential Income |
| Sub-Type | Quadruplex |
| Style | Fourplex |
| Status | Active |
Community Information
| Address | 1029 Sw 5th St |
|---|---|
| Area | 41 |
| Subdivision | LAWRENCE ESTATE LAND CO |
| City | Miami |
| County | Miami-Dade County |
| State | FL |
| Zip Code | 33130-2185 |
Amenities
| Utilities | Cable Not Available |
|---|---|
| Is Waterfront | No |
| Has Pool | No |
Interior
| Flooring | Vinyl |
|---|---|
| Heating | Wall Furnace |
| Cooling | Wall/Window Unit(s) |
| Fireplace | No |
| # of Stories | 2 |
| Stories | Two |
Exterior
| Roof | Aluminum, Concrete, Flat, Tile |
|---|---|
| Construction | Block |
| Lot Features | < 1/4 Acre |
| Sewer | Public Sewer |
Additional Information
| Date Listed | April 1st, 2024 |
|---|---|
| Days on Market | 46 |
| Zoning Description | 3900 |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
| Rent Includes | HotWater,PestControl,Sewer,TrashCollection,Water |
| Year Built Details | Resale |
| Tax Annual Amount | $32,346 |
| Tax Year | 2023 |
| Buyer Agent Compensation | 3% |
Unit 1 Details
| Beds | 24 |
|---|---|
| Baths | 9.99 |
| Rent | $27,400 |
| SqFt | 10,700 |
| Features | Parking:On-Street, Microwave |
| Furnished | Furnished |
Listing Details
| Office | Douglas Elliman |
|---|