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1029 SW 5th St, Miami, FL 33130
$3,800,000
1029 SW 5th St, Miami, FL 33130View this property at 1029 SW 5th St, Miami, FL 33130
1029 SW 5th StMiamiFL33130
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Property Description
In the heart of Little Havana, South Florida's cultural hub, sits a meticulously renovated 16-unit multifamily property. Out of these, 12 units are fully renovated, and 3 are vacant and waiting to be renovated. and 1 is rented on a month-to-month basis. Located strategically near downtown Miami and economic centers, it presents a lucrative opportunity for savvy investors. The property boasts an elegant exterior, private backyard, and laundry facilities, embodying urban sophistication. With seasonal rentals, it has generated $27,400 in gross rental revenue per month over the past 3 months.
Full Property Details
Full Property Details for 1029 SW 5th St
General
- Price: $3,800,000
- Taxes: $32,346 (2023)
- Status: Active
- Type: Multi-Family
- MLS ID: A11561035
- Updated: 4/17/2024
- Added to Site: 34 day(s) ago
Rental Information
- Rent Includes: Hot Water, Pest Control, Sewer, Trash Collection, Water
Interior
- Flooring: Vinyl
Location
- Area: Lawrence Estate Land Co
- County: Miami-Dade County
- Subdivision: LAWRENCE ESTATE LAND CO
- Building Name: LAWRENCE ESTATE LAND CO
Community
- Community Name: Lawrence Estate Land Co
- Units Assoc/Comm: 1
Heating & Cooling
- Air Conditioning: Yes
- Cooling Type: Wall/Window Unit(s)
- Heating Type: Window/Wall
Utilities
- Sewer: Public Sewer
- Water: Municipal Water
Structural Information
- Architectural Style: Attached
- Structure Type: Quadruplex, Fourplex
- Detached/Attached: Detached
- Roof: Aluminum, Concrete, Flat Tile
- Stories/Levels: 2
- Building Size: 10700
- Square Feet: 10,700
- Living Area: 10,700 Sq. Ft.
- Year Built: 1925
Unit Information
- Units in Complex: 1
Lot Features
- Lot Features: Less Than 1/4 Acre Lot
- Zoning: 3900
Financial Considerations
- Price Per Sq. Ft.: $355.14
- Tax Amount: $32,346
- Tax Year: 2023
- Terms: All Cash, Conventional
Disclosures and Reports
- Buyer’s Brokerage Compensation: 3%
- Documents Avail.: Investment Analysis
- Legal Description: LAWRENCE ESTATE LAND COS SUB PB 2-46 LOT 15 & 5.02FT OF LOT 4 BLK 24 LOT SIZE 7501 SQ FT OR 21159-0406 0303 6 COC 22613-4646 08 2004 1
- Property ID: 01-41-02-005-4300
Listed by Douglas Elliman
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Schools
Schools serving 1029 SW 5th St
School District:Miami-Dade County School District
Rating | Name | Grades | Distance |
---|---|---|---|
1190 Sw 2nd St, Miami, FL 33130 | PK-5 | 0.2 mi | |
12829 Sw 272nd St, Homestead, FL 33032 | PK-8 | 21 mi | |
3100 Nw 5th Ave, Miami, FL 33127 | 6-8 | 2.6 mi | |
1200 Nw 6th Ave, Miami, FL 33136 | 9-12 | 1.3 mi | |
Robert Morgan Educational Center and Technical College
18180 Sw 122 Avenue, Miami, FL 33177 | 9-12 | 16.1 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 1029 SW 5th St
Date
Details
Price
Change
Source
4/17/2024
Price Reduced
$3,800,000
-7.32%
MLS
4/01/2024
Listed
$4,100,000
616.28%
MLS
10/23/2013
Sold
$572,400
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 1029 SW 5th St
Year
Property Taxes
Change
Tax Assessment
Change
2023
$33,694
16%
$2,030,000
19%
2021
$28,978
-7%
$1,700,000
-11%
2022
$31,010
7%
$1,900,000
16%
2021
$28,978
15%
$1,632,000
65%
2019
$25,307
9%
$990,463
10%
2018
$23,173
30%
$900,421
2%
2017
$17,805
8%
$885,000
19%
2016
$16,504
7%
$744,150
10%
2015
$15,373
10%
$676,500
10%
2014
$13,947
—
$615,000
—
2013
$13,931
—
$615,000
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 1029 SW 5th St
1029 SW 5th St, Miami, FL 33130 (MLS# A11561035) is a Multi-Family property with 16 units containing 0 bedrooms and 0 full bathrooms. 1029 SW 5th St is currently listed for $3,800,000 and was received on April 01, 2024. Want to learn more about 1029 SW 5th St? Do you have questions about finding other Multi-Family real estate for sale in Miami? You can browse all Miami real estate or contact a Coldwell Banker agent to request more information.