Log In/Sign Up
Your email has been sent.
5010 NW 2nd Ave 5 Unit Apartment Building $1,156,000 ($231,200/Unit) 5.18% Cap Rate Miami, FL 33127
INVESTMENT HIGHLIGHTS
- Immediate Cash Flow with 100% Occupancy Fully leased 5-unit multifamily generating $90,600/year in gross income
- Turnkey Asset + Future Upside- Solid CBS construction, individually metered studios, and proximity to adjacent vacant parcels create strong potential
- Prime Development Zone . Located on high-visibility 2nd Ave. in Buena Vista, near Wynwood and I-95, in a T4-O zoning area.
EXECUTIVE SUMMARY
SEIZE THE MIAMI DESIGN DISTRICT BOOM! This 5-unit multifamily property, 100% leased, Generatong good income ensuring immediate cash flow. Located on bustling 2nd Ave. in Buena Vista, just 0.7 miles from the Miami Design District, 0.5 miles from I-95, and near Wynwood, it guarantees high tenant demand. The renovated studios feature separate FPL meters and low-maintenance CBS construction. With 6,099 sq ft of land, T4-O zoning (residential, commercial, entertainment uses), and adjacent vacant parcels, it’s perfect for investors seeking profitability and substantial future development potential.
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$90,600
|
$43.02
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$90,600
|
$43.02
|
| Taxes |
$18,615
|
$8.84
|
| Operating Expenses |
$12,070
|
$5.73
|
| Total Expenses |
$30,685
|
$14.57
|
| Net Operating Income |
$59,915
|
$28.45
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $90,600 |
| Annual Per SF | $43.02 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $90,600 |
| Annual Per SF | $43.02 |
| Taxes | |
|---|---|
| Annual | $18,615 |
| Annual Per SF | $8.84 |
| Operating Expenses | |
|---|---|
| Annual | $12,070 |
| Annual Per SF | $5.73 |
| Total Expenses | |
|---|---|
| Annual | $30,685 |
| Annual Per SF | $14.57 |
| Net Operating Income | |
|---|---|
| Annual | $59,915 |
| Annual Per SF | $28.45 |
PROPERTY FACTS
| Price | $1,156,000 | Apartment Style | Low-Rise |
| Price Per Unit | $231,200 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.14 AC |
| Cap Rate | 5.18% | Building Size | 2,106 SF |
| Gross Rent Multiplier | 12.76 | Average Occupancy | 100% |
| No. Units | 5 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1956 |
| Property Subtype | Apartment | ||
| Zoning | C-1 - General Commercial T4-O zoning (residential, commercial, entertainment uses) | ||
| Price | $1,156,000 |
| Price Per Unit | $231,200 |
| Sale Type | Investment |
| Cap Rate | 5.18% |
| Gross Rent Multiplier | 12.76 |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.14 AC |
| Building Size | 2,106 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 1956 |
| Zoning | C-1 - General Commercial T4-O zoning (residential, commercial, entertainment uses) |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 5 | $1,500 | - |
1 1
Walk Score®
Very Walkable (77)
PROPERTY TAXES
| Parcel Number | 01-3124-013-4700 | Total Assessment | $891,582 (2025) |
| Land Assessment | $762,375 (2025) | Annual Taxes | $18,615 ($8.84/SF) |
| Improvements Assessment | $129,207 (2025) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
01-3124-013-4700
Land Assessment
$762,375 (2025)
Improvements Assessment
$129,207 (2025)
Total Assessment
$891,582 (2025)
Annual Taxes
$18,615 ($8.84/SF)
Tax Year
2024
1 of 9
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
Presented by
5010 NW 2nd Ave
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.