5475 NE 1st Ave - Multi-Family FOR SALE


Miami, FL 33137- Little Haiti
$1,349,000 USD
305-215-8969
5475 NE 1st Ave, Miami, FL for Sale
$1,349,000 USD
Multi-Family - FOR SALE
1/3
null | 4.74% Cap Rate

5475 NE 1st Ave
Miami, FL 33137
Little Haiti


OVERVIEW

Exceptional value-add opportunity in the rapidly appreciating Little Haiti (33137) submarket. This fully occupied 5-unit (3×1BR / 2×2BR)multifamily property generates approximately $100,000 in current gross income with stable, government-backed Section 8 tenancy and a proven history of near-zero vacancy. Rents are significantly below current Miami-Dade Fair Market levels, offering the potential for substantial income growth (estimated 40%–70%+ upside) through unit renovations and repositioning. Recent capital improvements, including a new roof and exterior paint, minimize near-term capex. Located just minutes from Wynwood, the Design District, and major redevelopment corridors, this asset offers investors a rare combination of in-place cash flow, meaningful rental upside, and long-term appreciation potential in one of Miami’s most dynamic neighborhoods.

FOR SALE DETAILS

PRICE

$1,349,000 USD

PRICE/SF

$360 USD /SF

# OF UNITS

5

PRICE/UNIT

$269,800

CAP RATE

4.74%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

ADD'L SUBTYPES

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1970

PARKING SPACES

5

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

6,210 SF

ZONING

T4-R

APN/PARCEL ID

01-3113-064-0350

ASK ABOUT THIS PROPERTY

Nicolas Suarez-Inclan5475 Miami LLCMore Info
305-215-8969

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Nicolas Suarez-Inclan5475 Miami LLCMore Info
305-215-8969

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.