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Little Haiti Multi-Property Opportunity Zone Investment

$1,600,000

5422-5434 NW 5th Ave, Miami, FL 33127

Active
Last Updated: 04/10/2023

5.69

Cap Rate

90,964

NOI

Details:
Cap Rate:    5.69%
NOI:    $90,964
Building Size:    4,509 sqft
Lot Area:    0.287 acres
Occupancy:    100%
Units:    7
Year Built:    1926
Floors:    2
Highlights:
  • Add Value Opportunity
  • Under-market Rents
  • Stabilized Cash Flow
  • Tax Benefits: Designated Opportunity Zone
Description:

The sale includes two folios 5422 & 5434 NW 5th Avenue. The units have had various interior renovations, gradually turning the units into a similar condition. Potential for a fix & flip or put in the work on major repairs with 3-5 year hold for highest and best ROI.

Value-Add 7-Unit multi-property investment. Total: 3 Bed/2 Bath SFH, Duplex with stacked 1 Bed/1 Bath, and a four-plex with equal sized 1 Bed/1 Bath units. Cash flowing stabilized income, huge value-add opportunity, under-market rents with pro-forma to significantly increase.

Gated premises with off-street parking for tenants. 40-Year certification in progress.

Located two blocks east of I-95, just north of the 54th Street Corridor in a designated Opportunity Zone of Little Haiti bordering Buena Vista. This is blocks from the Magic City Innovation District and other notable nearby developments that include the Upper Buena Vista Market, and The Citadel Food Hall.

Conveniently located 2 blocks east of I-95. Located along the 54th St corridor in a designated Opportunity Zone at the southernmost edge of Little Haiti neighborhood.

Electric Meters

Map:
Documents:
Title
5422 FINANCIAL GRID_v10APR2023.xlsx
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Offering_Memorandum__L_.pdf
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Offering_Memorandum__L_.pdf
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Offering_Memorandum__L_.pdf
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Offering_Memorandum__L_.pdf
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Location
Gallery