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Archived over 1 year ago

$750,000

5+ bd 3 ba 0 sqft

6601 NE 5th Ave, MIAMI, FL 33138-5608

Residential Triplex

Current Rent **

$5,650

Projected Rent **

$6,900

Estimated Cap Rate *

Pro Only

Estimated Cash on Cash ROI *

Pro Only

Unit 1 Details
  • Current Rent: $2,650
  • Bedroom: 2 bd
  • Bathroom: 1 ba
  • Square Footage: 0 sqft
  • Occupied: No
  • Needs Repairs: No
  • Off MLS: No
Unit 2 Details
  • Current Rent: $1,400
  • Bedroom: 2 bd
  • Bathroom: 1 ba
  • Square Footage: 0 sqft
  • Occupied: No
  • Needs Repairs: No
  • Off MLS: No
Unit 3 Details
  • Current Rent: $1,600
  • Bedroom: 1 bd
  • Bathroom: 1 ba
  • Square Footage: 0 sqft
  • Occupied: No
  • Needs Repairs: No
  • Off MLS: No

Appreciation, proximity to everything & trendy vibe offered by duplex functioning as 3 units on a large fenced corner lot

Potential to assume 2.5% interest rate mortgage (especially if you qualify for a VA loan). Appreciation, proximity to everything & trendy vibe offered by duplex functioning as 3 units on a large fenced corner lot: one recently rented; one rented to an excellent tenant; 3rd renovated & ready to rent/occupy. You will LOVE cozy front porch; the back & side patios + covered areas; plenty of natural light; 2 separate washer/dryer rooms; ample & secure parking; tons of storage space + 2 sheds; many updates include: plumbing & electrical; fresh paint; new bathrooms; newer central ACs in 2 units; & more. Great tenants & even better potential. No flood insurance! Centrally located; quiet & trendy community; next to Moorningside Elementary; near Design District, Wynwood; downtown; I-95, Biscayne Blvd, parks, farmers market; restaurants, shops, coffee, public transport; & mins to beaches.

https://listing.accutour.com/bt/6601_Northeast_5th_Avenue.html

Neighborhood Video: https://youtu.be/lZN9ke_lKhQ

Location:

6601 NE 5th Ave, MIAMI, FL 33138-5608

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* The cap rate and cash on cash return calculations found on BiggerPockets Listings are estimated and designed to be used for informational and educational purposes only, and when used alone, do not constitute investment advice. They assume 3 months worth of expenses and estimate taxes and insurance. BiggerPockets recommends that you seek the advice of a real estate professional before making any type of investment. The results presented may not reflect the actual return of your own investments. BiggerPockets is not responsible for the consequences of any decisions or actions taken in reliance upon or as a result of the information provided by these tools. Furthermore, BiggerPockets is not responsible for any human or mechanical errors or omissions.

** Current rent and projected rent are provided by the lister.

† Rental comps are pulled by looking at property characteristics (beds, baths, structure type), date the rent listing was captured, and proximity to the searched location.

‡ Confidence levels range from low to very high. Confidence is determined by the number of recent and relevant comparable properties for any given search. A very high confidence level indicates a high number of recent and similar rental listings.