FL > Miami > Railway Shops Addn 2Nd Am
Miami, FL 33127,5028 NW 3rd Ave
$799,000
Est. payment /mo
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1,183 SqFt
New

5028 NW 3rd Ave Miami, FL 33127

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Anthony Guerriero

Anthony Guerriero

+1(646) 376-8752

UPDATED:

Key Details

Property Type Multi-Family

Sub Type Triplex

Listing Status Active

Purchase Type For Sale

Square Footage 1,183 sqft

Price per Sqft $675

Subdivision Railway Shops Addn 2Nd Am

MLS Listing ID A11855894

Construction Status Resale

HOA Y/N No

Year Built 1924

Annual Tax Amount $5,898

Tax Year 2024

Property Sub-Type Triplex

Property Description

This well-maintained income-producing triplex is located just minutes from Wynwood, Design District, and Midtown. The property consists of:
• Front Unit: Spacious 2-bedroom, 1-bath, currently rented for $2,700/month
• Rear Unit A: Large 1-bedroom, 1-bath, currently rented for $1,750/month
• Rear Unit B: Large 1-bedroom, 1-bath, currently vacant and ready to lease at market rent
Current Monthly Income: $4,450 (with upside potential once vacant unit is rented)
Pro Forma Income: $6,200+ per month when fully leased at market rates
The building features separate entrances for each unit, plenty of natural light, and a private yard. Situated in a high-demand rental area, this property offers immediate cash flow with room to increase returns.

Location

State FL

County Miami-dade

Community Railway Shops Addn 2Nd Am

Area 31

Interior

Heating Central

Cooling Central Air

Flooring Hardwood, Wood

Exterior

Pool None

Utilities Available Cable Not Available

Roof Type Concrete

Total Parking Spaces 5

Private Pool No

Building

Lot Description < 1/4 Acre

Story 2

Sewer Public Sewer

Level or Stories Two

Structure Type Block,Frame

Construction Status Resale

Others

Tax ID 01-31-24-013-4390

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Miami Association of Realtors (SEFMIAMI MLS)
Listed by Johnson's Homes

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agent

Anthony Guerriero

Broker

+1(646) 376-8752

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5028 NW 3rd Ave

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