6734 NW 5th Ave, Miami, FL 33150

$550,000 Asking Price

4 beds
3 baths
Built in 1941

HOT DEAL! INVESTOR/DEVELOPMENT OPPORTUNITY. 4/3 Single home family in a huge double lot of 10,800 SF with excellent potential. This is a PROPERTY, completely renovated and ready for rental with expected CAP rate of 9%. The land consists of two lots of 5,400 SF. each (Lot 20 & 21 BLK 12) zoned T3-O (open). Primary zone 5700 DUPLEXES–GENERAL. MIAMI 21 Affordable Housing Program also allows DOUBLE DENSITY development with the opportunity and flexibility to build up to 8 Units!! There are many options for development of this lot. Great location close to schools and shopping, within a few minutes to Wynwood, I-95, downtown Miami, beaches, and the airport.

Features & Amenities

Interior

General:
First Floor Entry, Other
Appliances:
Microwave, Electric Range, Refrigerator
Laundry:
Washer/Dryer Hook-Up
Flooring:
Ceramic Floor
A/C:
true, Central Air, Other
Heating:
true, Central, Other

Exterior

General:
Lighting, Guest House
Style:
Detached, One Story
Parking:
Driveway, Other, On Street

Construction

Roofing:
Shingle
Windows:
Hurricane Shutters

Location

Originating MLS:
Miami Association of REALTORS®
County:
Miami-Dade County

Lot

Zoning:
5700, 13 53 41 SEVENTH AVE HIGHLANDS PB 14-13 LOTS 20 & 21 BLK 12 LOT SIZE 80.000 X 135, 01-31-13-024-2290
View:
Other
Fencing:
Fenced

Utilities

Water:
Municipal Water
Sewer:
Public Sewer

Financial

Source:
Miami Association of REALTORS®

This listing courtesy of:
Xcellence Realty, Ana Goulart De Andrade

About Miami, FL

Housing

Number of Units
711,975
Median Home Value
$380,974
Median Rent
$1,338

49.94% of housing units are renter occupied.

8.26% are vacant.

Commute

Car
71.69%
Public Transportation
3.80%
Walk to Work
1.60%
Work from Home
21.37%
Other
1.11%

The median travel time to work is 29 minutes.

People

Population
1,830,481
Median Age
41.50
Median Household Size
2.91

Education

High School
24.77%
Associate’s Degree
8.99%
Bachelor’s Degree
21.60%
Graduate Degree
13.31%

Disclaimer: Community and Demographic information uses data from the U.S. Census Bureau but is not endorsed or certified by the Census Bureau.

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