Miami, FL 33125 605 NW 34th Ave
$1,700,000



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Presented By: This listing is courtesy of Fausto Commercial Realty Consultants Inc
Home Details
Value-add "compound" opportunity featuring a unique 6-unit residential property on an expansive 10,400 Sq. Ft. lot. This property offers a versatile unit mix consisting of a standalone 3-bedroom, 2-bathroom single-family home (built 1948) and a separate two story 5-unit apartment building (built 1963) featuring all 1-bedroom, 1-bathroom layouts. All structures feature solid CBS construction and "great bones," providing the perfect canvas for an investor to renovate and capture massive rental upside.
Current Gross income $97,045
Current NOI $66,255
Strategically located in a high-demand growth pocket, the property is just blocks from the Magic City Casino and the future Miami Freedom Park (Inter Miami Stadium). With immediate access to the 836 Expressway, residents are minutes from Miami International Airport, the Health District, and Downtown Miami. Currently operating with below-market rents, this asset is a prime candidate for a repositioning strategy to maximize yield in one of Miami’s most exciting emerging corridors.
Do not disturb tenants
Presented By: This listing is courtesy of Fausto Commercial Realty Consultants Inc
Interior Features for 605 NW 34th Ave
Bedrooms
Total Bedrooms3
Bathrooms
Half Baths0
Total Baths
Other Interior Features
Air Conditioning Y/NYes
FlooringTerrazzo, Tile
Heating Y/NYes
General for 605 NW 34th Ave
Architectural StyleFourplex
CityMiami
Construction MaterialsBlock
CoolingCentral Air
CountyMiami-Dade
Full Baths2
HeatingCentral
Legal DescriptionTWELFTH STREET MANORS PB 5-59 LOT 5 & LOT 6 BLK 41 LOT SIZE 100.000 X 104 OR 20125-4684 01 2002 1
LevelsTwo
Listing TermsCash, Conventional
Lot Size UnitsSquare Feet
MLS Area41
Number Of Units Total1
Occupancy TypeTenant
Pool FeaturesNone
PossessionClosing & Funding, Close Of Escrow
PostalCityMiami
Property Sub Type AdditionalQuadruplex
Property SubtypeQuadruplex
Property TypeResidential Income
Rent IncludesTrash Collection
RoofShingle
SewerPublic Sewer
Standard StatusActive
StatusActive
Stories Count2
Subdivision Name12TH ST MANORS
Tax Annual Amount16038
Tax Year2025
UtilitiesCable Not Available
Virtual TourClick here
Year Built1963
Year Built DetailsEffective Year Built
Zoning Description5700
Exterior for 605 NW 34th Ave
Building Area Total5334
Covered Spaces
Lot Features< 1/4 Acre
Total Parking7
Waterfront Y/NNo
Additional Details
Price History
Schools
High School
Hubert H Humphrey Middle School
Middle School
N/A
Elementary School
Big Hollow Elementary School
Jose Jorge Cruz
Realtor®
SQFT • 5,334