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4840 NW 27th Ave, Miami, FL 33142
$1,300,000
4840 NW 27th Ave, Miami, FL 33142View this property at 4840 NW 27th Ave, Miami, FL 33142
4840 NW 27th AveMiamiFL33142
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Property Description
RARE INVESTMENT OPPURTNITY with a prime location at 27th Ave! This building offers 4 residential units upstairs, all of which are 1 bedroom and 1 bath, while the first floor has three commercial spots, ideally suited for General Retail or Personal Services. This location ensures consistent foot traffic and customer engagement. The building has also recently been repainted AND repaired roof, parking lots, lighting, air maintenance, and electricity. ALL RESIDENTIAL UNITS ARE LEASED, and so is one of the three retail units. With a projected CAP RATE of 8.2% this building is standout choice for Investors looking to capitalize in Miami's dynamic market!
Full Property Details
Full Property Details for 4840 NW 27th Ave
General
- Price: $1,300,000
- Taxes: $8,449 (2023)
- Status: Active
- Type: Commercial
- MLS ID: A11582298
- Updated: 5/7/2024
- Added to Site: 12 day(s) ago
Business
- Business Type: Other Type
Parking
- Total Spaces: 15
Location
- County: Miami-Dade County
Community
- Units Assoc/Comm: 7
Utilities
- Water: Public
Structural Information
- Structure Type: Free Standing
- Detached/Attached: Detached
- Construction: CBS Construction
- Roof: Composition Roll
- Stories/Levels: 2
- Building Size: 5640
- Year Built: 1954
Unit Information
- Units in Complex: 7
Lot Features
- Lot Size (Sq. Ft.): 8,924
- Zoning: 6062
Financial Considerations
- Tax Amount: $8,449
- Tax Year: 2023
- Terms: All Cash, Conventional/Refinance
Disclosures and Reports
- Buyer’s Brokerage Compensation: 2%
- Special Conditions: Sale
- Legal Description: AMD PL OF BROWNS SUB PB 5-98 N45FT OF S104.06FT OF LOT 11 LESS ST & N52FT OF LOT 11 LESS E20FT FOR ST BLK 1 LOT SIZE 97.000 X 92 OR 13874-04
- Inclusions: Building & Land, Business, Leases
- Property ID: 30-31-21-023-0200
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Schools
Schools serving 4840 NW 27th Ave
School District:Miami-Dade County School District
Rating | Name | Grades | Distance |
---|---|---|---|
4750 Nw 22nd Ave, Miami, FL 33142 | PK-5 | 0.5 mi | |
12829 Sw 272nd St, Homestead, FL 33032 | PK-8 | 23.2 mi | |
4899 Nw 24th Ave, Miami, FL 33142 | 6-8 | 0.3 mi | |
1100 Nw 71st St, Miami, FL 33150 | 9-12 | 2.2 mi | |
Robert Morgan Educational Center and Technical College
18180 Sw 122 Avenue, Miami, FL 33177 | 9-12 | 17.8 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 4840 NW 27th Ave
Date
Details
Price
Change
Source
5/07/2024
Listed
$1,300,000
71.05%
MLS
9/26/2023
Sold
$760,000
—
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 4840 NW 27th Ave
Year
Property Taxes
Change
Tax Assessment
Change
2023
$8,449
29%
$513,708
58%
2021
$6,573
-14%
$325,429
-29%
2022
$7,663
17%
$460,892
50%
2021
$6,573
7%
$307,581
3%
2019
$6,122
6%
$298,123
3%
2018
$5,799
-1%
$289,199
—
2017
$5,875
2%
$289,199
3%
2016
$5,745
4%
$279,741
7%
2015
$5,518
—
$260,824
2%
2014
$5,516
—
$254,518
—
2013
$5,505
—
$254,518
—
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 4840 NW 27th Ave
4840 NW 27th Ave, Miami, FL 33142 (MLS# A11582298) is a Commercial property. 4840 NW 27th Ave is currently listed for $1,300,000 and was received on May 07, 2024. This property is listed by Annaby Pozo from our Pinecrest Office.Want to learn more about 4840 NW 27th Ave? Do you have questions about finding other Commercial real estate for sale in Miami? You can browse all Miami real estate or contact a Coldwell Banker agent to request more information.