Log In/Sign Up
Your email has been sent.
5010 NW 2nd Ave 5 Unit Apartment Building $1,594,043 CAD ($318,809 CAD/Unit) 5.18% Cap Rate Miami, FL 33127
INVESTMENT HIGHLIGHTS
- Immediate Cash Flow with 100% Occupancy Fully leased 5-unit multifamily generating $90,600/year in gross income
- Turnkey Asset + Future Upside- Solid CBS construction, individually metered studios, and proximity to adjacent vacant parcels create strong potential
- Prime Development Zone . Located on high-visibility 2nd Ave. in Buena Vista, near Wynwood and I-95, in a T4-O zoning area.
EXECUTIVE SUMMARY
SEIZE THE MIAMI DESIGN DISTRICT BOOM! This 5-unit multifamily property, 100% leased, Generatong good income ensuring immediate cash flow. Located on bustling 2nd Ave. in Buena Vista, just 0.7 miles from the Miami Design District, 0.5 miles from I-95, and near Wynwood, it guarantees high tenant demand. The renovated studios feature separate FPL meters and low-maintenance CBS construction. With 6,099 sq ft of land, T4-O zoning (residential, commercial, entertainment uses), and adjacent vacant parcels, it’s perfect for investors seeking profitability and substantial future development potential.
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL (CAD) | ANNUAL PER SF (CAD) |
|---|---|---|
| Gross Rental Income |
$124,931
|
$59.32
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$124,931
|
$59.32
|
| Taxes |
$25,669
|
$12.19
|
| Operating Expenses |
$16,644
|
$7.90
|
| Total Expenses |
$42,312
|
$20.09
|
| Net Operating Income |
$82,619
|
$39.23
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $124,931 |
| Annual Per SF | $59.32 |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $124,931 |
| Annual Per SF | $59.32 |
| Taxes (CAD) | |
|---|---|
| Annual | $25,669 |
| Annual Per SF | $12.19 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $16,644 |
| Annual Per SF | $7.90 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $42,312 |
| Annual Per SF | $20.09 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $82,619 |
| Annual Per SF | $39.23 |
PROPERTY FACTS
| Price | $1,594,043 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $318,809 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.14 AC |
| Cap Rate | 5.18% | Building Size | 2,106 SF |
| Gross Rent Multiplier | 12.76 | Average Occupancy | 100% |
| No. Units | 5 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1956 |
| Property Subtype | Apartment | ||
| Zoning | C-1 - General Commercial T4-O zoning (residential, commercial, entertainment uses) | ||
| Price | $1,594,043 CAD |
| Price Per Unit | $318,809 CAD |
| Sale Type | Investment |
| Cap Rate | 5.18% |
| Gross Rent Multiplier | 12.76 |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.14 AC |
| Building Size | 2,106 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 1956 |
| Zoning | C-1 - General Commercial T4-O zoning (residential, commercial, entertainment uses) |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 5 | $2,068 CAD | - |
1 1
Walk Score®
Very Walkable (77)
PROPERTY TAXES
| Parcel Number | 01-3124-013-4700 | Total Assessment | $1,250,569 CAD (2025) |
| Land Assessment | $1,069,338 CAD (2025) | Annual Taxes | $25,669 CAD ($12.19 CAD/SF) |
| Improvements Assessment | $181,231 CAD (2025) | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
01-3124-013-4700
Land Assessment
$1,069,338 CAD (2025)
Improvements Assessment
$181,231 CAD (2025)
Total Assessment
$1,250,569 CAD (2025)
Annual Taxes
$25,669 CAD ($12.19 CAD/SF)
Tax Year
2024
1 of 9
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
Presented by
5010 NW 2nd Ave
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.