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$3,325,000   Price Analysis
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5974 SW 5th Ter
Miami, FL 33144
37 bed 20 bath 3,492 SqFt ($952/SqFt)
Built 1925
Listed 2024-04-01, Taxes $17,480
Ⓧ USDA Ineligible
due to price & location

near Miami

12 UNITS MULTI FAMILY BUILDING

* Sale Pending *

GENERATES 7% CAP RATE, ITS TW0 2 BEDROOMS, 1 BATHROOMS UNITS, TEN 1 BEDROOMS, 1 BATHROOMS UNITS. PERFECT BUILDING FOR A 1031 EXCHANGE OR BUY AND HOLD BUILD ING, BLOCKS AWAY FROM CORAL GABLES.

BUILDING WAS RENEWED RESENTLY, WAS FENCED FOR PRIVACY. READY FOR THE RIGHT BUYER.


Presented by David Garcia at
Paramount International Real Estate Llc.
Listing Agent Photo

Property MLS #A11560613 from MiamiMLS

Bedrooms: 37

Total Bathrooms: 20
Full Bathrooms: 20

Cooling Features: CentralAir
Heating Features: Central
Heating: Yes

Flooring: Vinyl

Balcony
Fence
Lighting

Lot Description: Item14to12AcreLot

Parking Total: 11

Association: No
Calculated Total Monthly Association Fees: 0

Rent Includes: CableTV

Bedrooms in Unit-1: 1
Bedrooms in Unit-2: 1
Bedrooms in Unit-3: 2
Bedrooms in Unit-4: 2
Total Bathrooms in Unit-1: 1
Total Bathrooms in Unit-2: 1
Total Bathrooms in Unit-3: 1
Total Bathrooms in Unit-4: 1

Annual Tax Amount: 18616
Source Listing Status: Pending
County: Miami-Dade County
Tax Year: 2023
Source Property Type: ResidentialIncome
Source Neighborhood: GRANADA GROVES NO 3
Parcel Number: 01-40-01-006-0190
Postal City: Miami
Postal Code Plus 4: 3982
Subdivision: GRANADA GROVES NO 3
Zoning Description: 0100
Property Subtype: Quadruplex
Source System Name: C2C

YearAssessments
Building + Land
Total
Tax
2022$unknown + $unknown
$790,614
$17,480
2021$unknown + $unknown
$718,740
$16,541
2020$unknown + $unknown
$653,400
$15,517
2019$unknown + $unknown
$594,000
$14,709
2018$unknown + $unknown
$577,500
$11,310
2017$300,360 + $224,640
$525,000
$11,121
2016$322,880 + $177,120
$500,000
$10,912
2015$unknown + $unknown
$207,858
$5,323
2014$unknown + $unknown
$188,962
$4,532
2013$unknown + $unknown
$171,784
$3,891
2012$unknown + $unknown
$178,077
$4,023
2011$unknown + $unknown
$197,661
$4,496
2010$unknown + $unknown
$225,198
$5,451
2009$unknown + $unknown
$349,614
$8,038
2008$unknown + $unknown
$365,788
$8,280
2007$unknown + $unknown
$365,788
$8,104

Listed 2024-04-01
$3,325,000
MiamiMLS
Listing removed 2024-03-08
$3,199,000
MiamiMLS
Price Changed 2024-01-24
$3,199,000
MiamiMLS
Listed 2023-12-07
$3,250,000
MiamiMLS
Listing removed 2023-12-05
$3,269,000
MiamiMLS
Listing removed 2023-12-01
$1,850
MiamiMLS
Price Changed for rent 2023-10-26
$1,850
MiamiMLS
Listed 2023-10-26
$3,269,000
MiamiMLS
Price Changed for rent 2023-10-04
$2,250
MiamiMLS
Listing removed 2023-10-01
$1,650
MiamiMLS
Listed for rent 2023-09-11
$2,300
MiamiMLS
Listed for rent 2023-08-25
$1,650
MiamiMLS
Sold 2023-05-30
$750,000
Public Record
Sold 2015-12-21
$638,500
Public Record
Listing removed 2014-02-20
$500
MiamiMLS
Sold 2011-09-23
$337,500
Public Record
Sold 2005-02-17
$400,000
Public Record
Sold 2001-10-18
$220,000
Public Record
Sold 1995-12-15
$125,000
Public Record
Sold 1994-06-10
$100,000
Public Record
Sold 1990-04-10
$155,000
Public Record
Sold 1989-03-10
$120,000
Public Record
Sold 1984-08-01
$130,000
Public Record

Net Operating Income: 219840
Operating Expense: 47760

Total Square Feet Living: 3492
Year Built: 1925
Building Area Total: 3492
Construction Materials: Frame, Stucco
Levels: Two
Property Age: 99
Roof: Shingle
Levels or Stories: 2
House Style: Fourplex
Year Built Details: Resale
Architectural Style: Fourplex

Sewer: PublicSewer
CableAvailable

Fairlawn Elementary School is a public elementary school located approximately 0.1 miles away.
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Kinloch Park Middle School is a public middle school located approximately 1.8 miles away.
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South Miami Senior High School is a public high school located approximately 3.2 miles away.
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Yin Yang Academy is a private elementary school located approximately 0.1 miles away.
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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.