5001
$550,000
5001 NW 17th Ave, Miami, FL 33142
3,082 sqft
Building Size
3
Units
Details:
Highlights:
- Lot Features: Corner Unit, Corner Lot, In Residential Area
- Number Of Buildings: 1
- Documents Available: Aerial Photo(S), Copy Of Lease(S), Rent Rolls, Existing Survey
- Cooling: Central Building A/C, Wall/Window Unit(s)
- Heating: Central Building A/C, Wall/Window Units
- Flooring: Carpet, Other, Tile
- Construction Materials: CBS Construction
- Parking Features: Common, On Street
- Security Features: Smoke Detector(s), Security Fence
- Ownership: Corporation
Description:
DO NOT MISS OUT! Income Producing Add Value Play! Lowest Priced Free-Standing Mixed-Use Building in City of Miami! Hard Corner lot fronting NW 17 Ave. Zoning allows many commercial/ residential uses (Apt, Restuarant, Retail, Offices, & more). Property operating as church/apartment w Full Kitchen downstairs and two 1/1 apt upstairs. 8% CAP. Current Rent $4500 a month total. Leases exp DEC 2025. Fenced Corner lot w 5 parking spaces. Ample street parking. 3 FPL & 1 Water meter. Roof & Electrical upgraded last 7 yrs. 40 Yr cert approved. Perfect for the creative add value investor to purchase with income and add value by changing use to retail, restaurant, and more. T5-O zoning also allows 65 units per acre or can be T6-8-O (150 units per acre) w Live Local Act. Opportunity Zone. Flood Zone X
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