DO NOT MISS OUT! Income Producing Add Value Play! Lowest Priced Free-Standing Mixed-Use Building in City of Miami! Hard Corner lot fronting NW 17 Ave. Zoning allows many commercial / residential uses (Apt, Restuarant, Retail, Offices, and more). Property ope

5001 NORTH WEST 17TH AVE, Miami

$550,000 USD
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Address5001 NORTH WEST 17TH AVE, Miami
Building Name5001
Type of PropertySpecial Purpose
Type of BusinessResidential-Multi-Family, Special Purpose
Business LocationCorner Unit,Corner Lot,In Residential Area
Property StyleMixed Use
Price$550,000
Property StatusActive
MLS NumberA11812420
Property Size4490
Lot Size4490
Year Built1968
Parking Space Number5
Folio Number01-31-23-014-0350
Zoning Information6101
Days on Market107

Detailed Description: DO NOT MISS OUT! Income Producing Add Value Play! Lowest Priced Free-Standing Mixed-Use Building in City of Miami! Hard Corner lot fronting NW 17 Ave. Zoning allows many commercial / residential uses (Apt, Restuarant, Retail, Offices, and more). Property operating as church / apartment w Full Kitchen downstairs and two 1/1 apt upstairs. 8% CAP. Current Rent $4500 a month total. Leases exp DEC 2025. Fenced Corner lot w 5 parking spaces. Ample street parking. 3 FPL and 1 Water meter. Roof and Electrical upgraded last 7 yrs. 40 Yr cert approved. Perfect for the creative add value investor to purchase with income and add value by changing use to retail, restaurant, and more. T5-O zoning also allows 65 units per acre or can be T6-8-O (150 units per acre) w Live Local Act. Opportunity Zone. Flood Zone X

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Address Information
StateFlorida
CityMiami
CountyMiami-Dade County
Zip Code33142
Address5001 NORTH WEST 17TH AVE
Business LocationCorner Unit,Corner Lot,In Residential Area
Section23
Zip Code (4 Digits)4140
Financial Information
Price$550,000
Price per Foot$0
Folio Number01-31-23-014-0350
Tax Amount$4,920
Tax Year2024
Possession InformationRental Agreement
Full Descriptions
Detailed DescriptionDO NOT MISS OUT! Income Producing Add Value Play! Lowest Priced Free-Standing Mixed-Use Building in City of Miami! Hard Corner lot fronting NW 17 Ave. Zoning allows many commercial / residential uses (Apt, Restuarant, Retail, Offices, and more). Property operating as church / apartment w Full Kitchen downstairs and two 1/1 apt upstairs. 8% CAP. Current Rent $4500 a month total. Leases exp DEC 2025. Fenced Corner lot w 5 parking spaces. Ample street parking. 3 FPL and 1 Water meter. Roof and Electrical upgraded last 7 yrs. 40 Yr cert approved. Perfect for the creative add value investor to purchase with income and add value by changing use to retail, restaurant, and more. T5-O zoning also allows 65 units per acre or can be T6-8-O (150 units per acre) w Live Local Act. Opportunity Zone. Flood Zone X
Year Built DescriptionUnknown
Roof DescriptionVarious Material (S) Roof
Floor DescriptionCarpet, Other, Tile
Cooling DescriptionCentral Building A / C, Wall / Window Unit (s)
Heating DescriptionCentral Building A / C, Wall / Window Units
Water DescriptionPublic
Parking DescriptionCommon, On Street
Property parameters
Living Area4490
Lot Size4490
Total Acreage0.000
Zoning Information6101
Maximum Leasable Size4490
Year Built1968
Type of PropertySpecial Purpose
Type of BusinessResidential-Multi-Family, Special Purpose
StyleMixed Use
Building Name5001
Construction TypeCBS Construction
Stories Number2
Street DirectionNorth West
Parking Space Number5
Listed withRealty World Executive Homes