1029 Southwest 5th Street

Miami, FL 33130

$3,800,000
Price
Beds
10,700 Sq. Ft.
$355 / Sq. Ft.
10,700
Sq. Ft.
$355
per Sq. Ft.

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...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.
  1. Listed by Santiago Rodriguez • Douglas Elliman

Property Details for 1029 Southwest 5th Street

Subdivision
LAWRENCE ESTATE LAND CO
Style
Fourplex
Waterfront
No
Area
41
Auction
No
Total Units
16
Num Stories
2
Sq Ft Total
10700

Location

Listing Courtesy of Douglas Elliman
Add your commute
LISTING UPDATED: 04/17/2024 01:00 PM

Property Details for 1029 Southwest 5th Street

StatusActive
MLS #A11561035
Days on Market30
Taxes$32,346 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeMulti-Family Income / Fourplex
Year Built1925
Lot Size-
CountyMiami-Dade County

Location

Listing Courtesy of Douglas Elliman
Add your commute

Building Information for 1029 Southwest 5th Street

Stories-Residences16Year Built1925Building Size-Lot Size-

Payment Calculator

$23,434 per month

30 year fixed, 7.25% Interest

Principal and Interest

$20,738

Property Taxes

$2,696

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1029 Southwest 5th Street

Location Information
Location Information
  • Parcel Number Free Text: 01-41-02-005-4300
  • Parcel Number MLX: 4300
  • MLS Area: 41
  • Municipal Code: 1
  • Township Range: 41
  • Section: 2
  • Subdivision Number: 5
  • Subdivision Complex Bldg: LAWRENCE ESTATE LAND CO
  • Unit Count: 1
  • Zoning Information: 3900
General Information
Parking
  • Num Parking Spaces: 0
General Information
  • Property Type Information: Attached
  • Lot Description: Less Than 1/4 Acre Lot
  • Pool: No
  • Construction: Concrete Block Construction
  • Construction Type: Concrete Block Construction
  • Roof Description: Aluminum Roof, Concrete Roof, Flat Tile Roof
  • Flooring: Vinyl Floors
  • Floor Description: Vinyl Floors
Additional Property Information
Utilities
  • Heating Description: Window/Wall
  • Cooling Description: Wall/Window Unit Cooling
  • Water Description: Municipal Water
  • Sewer Description: Municipal Sewer
  • Separate Meter: Yes
  • Cable Available: No
Additional Property Information
  • Guest Accommodations: No
  • Rent Includes: Hot Water, Pest Control, Sewer, Trash Removal, Water
Financial Information
Financial Information
  • Type of Association: None
  • Flood Zone: X
  • Tax Year: 2023
  • Tax Information: Tax Reflects City & County Tax
  • Information Available: Investment Analysis

Property History for 1029 Southwest 5th Street

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1029 Southwest 5th Street

Taxable ValueLand$450,000Additions$1,580,000Total$2,030,000
Tax Record2023$33,694 ($2,808 / month)
Home Facts
Total Finished SqFt10,480 SqFtAbove Grade Finished SqFt10,480 SqFtStories2Lot Size7,500 SqFtStyleMulti-Family Dwelling (2-4)Year Built1925Year Renovated1950Zoning3900:MULTI-FACountyMIAMI-DADEAPN01-4102-005-4300

Schools near 1029 Southwest 5th Street

This home is within Miami-Dade.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - PK to 8
Public - 6 to 8
Public - 9 to 12
Rating
School
Distance
Riverside Elementary Community School
PublicPK to 5

Jose De Diego Middle School
Public6 to 8

Robert Morgan Voc-Tech Institute
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

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1029 Southwest 5th Street is a multi-family home for sale in Miami, FL 33130. This property was listed for sale on April 1, 2024 by Douglas Elliman, it's currently listed at $3,800,000. It has been on the market for a total of 30 days and was last sold on October 23, 2013. This listing's school district is Miami-Dade. Nearby schools include Riverside Elementary Community School, Air Base K-8 Center for International Education and Jose De Diego Middle School. 1029 Southwest 5th Street is a 0-bed, 0-bath, 10,700 sqft multi-family home built in 1925.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Douglas Elliman

Based on information from one of the following Multiple Listing Services: Beaches Multiple Listing Service, Inc., Martin County REALTORS® of the Treasure Coast, Inc., Miami Association of REALTORS®. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Beaches Multiple Listing Service, Inc., Martin County REALTORS® of the Treasure Coast, Inc., Miami Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.