$675,000 Price Analysis 5200 NW 7th AveMiami, FL 33127 3 bed 1 bath 1,243 SqFt ($543/SqFt) 4,800SqFt lot. Built 1920 Listed 2024-05-13, Taxes $6,829 | Ⓧ USDA Ineligible due to location near Miami |
Opportunity to develop up to 11 units of mixed-income housing, with plans underway. With potential of generating over $30K annually without further improvements, this property is perfect for a developer looking to leverage strong rezoning incentives while capitalizing on short-term income as the neighborhood thrives.
Currently fully rented at $2, 800 to a reliable tenant using it as an office, willing to stay or vacate if needed.
Presented by Bruno Cattorini at
City Group Consulting, LLC.
Property MLS #A11586242 from MiamiMLS
Year | Assessments Building + Land Total | Tax |
---|---|---|
2022 | $24,829 + $288,000 $312,829 | $6,829 |
2021 | $unknown + $unknown $42,545 | $752 |
2020 | $unknown + $unknown $41,958 | $741 |
2019 | $unknown + $unknown $41,015 | $721 |
2018 | $unknown + $unknown $40,251 | $699 |
2017 | $unknown + $unknown $39,424 | $685 |
2016 | $unknown + $unknown $38,614 | $677 |
2015 | $unknown + $unknown $38,346 | $676 |
2014 | $unknown + $unknown $38,042 | $675 |
2013 | $unknown + $unknown $37,480 | $662 |
2012 | $unknown + $unknown $135,082 | $647 |
2011 | $unknown + $unknown $35,781 | $625 |
2010 | $unknown + $unknown $35,253 | $628 |
2009 | $unknown + $unknown $34,327 | $579 |
2008 | $unknown + $unknown $34,293 | $575 |
2007 | $unknown + $unknown $33,295 | $508 |
The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.