This Multifamily Property is no longer advertised on LoopNet.com.

5545 N Miami Ave
Miami, FL 33127
82nd Terrace Apartments · Multifamily Property For Sale · 10 Units

Property Facts

No. Units 10
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low-Rise
Building Class C
Lot Size 0.27 AC
Building Size 5,983 SF
Average Occupancy 100%
No. Stories 1
Year Built/Renovated 1953/2017
Parking Ratio 1.67/1,000 SF
Zoning R-3

Amenities

Unit Amenities

  • Air Conditioning

About 5545 N MIAMI AVE , MIAMI, FL 33127

Within the last 12 months the 5545 North Miami Avenue building has had significant upgrades including: new impact glass and doors in all units, new roof, renovation of 2 units, and painting the exterior of the building. The units are all 1 bedroom 1 bathroom and there is off street parking for tenants. The in place rents range from $700 to $950 while 70% of the existing tenants are long term with rents 20%+ below market. All leases are month to month allowing a new owner to increase rents to the $950+ range post closing. Each unit is separately metered for electric and the owner pays for the water and sewer.

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
1+1 10 $975.00 -

Property Taxes

Property Taxes

Parcel Number
01-3113-032-0070
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$1,199,000
  • Listing ID: 14653818

  • Date on Market: 12/17/2018

  • Last Updated:

  • Address: 5545 N Miami Ave, Miami, FL 33127

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