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Image 1 - 5960 Ne 5th Ct Apt 2, Miami, Florida, 33137 - Condo for sale

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Condo For Sale In Miami, Florida

5960 Ne 5th Ct Apt 2, Miami, Florida, 33137

Condo For Sale In Miami, Florida

condo for sale

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Listed: 02/12/24

5960 Ne 5th Ct Apt 2, Miami, Florida, 33137

2 Bed:

2 Bath:

825 Sq Ft Living Area:

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Price

$ 350,000

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About This Condo

An investors dream. Potential for the best Cap Rates you will find in the current market. Seller wants a package deal for units #2, #5, #6, #9. Each unit is worth$350K--looking to sell all 4 units in one deal. Seller renovated each unit within the last 2 years. Seller has been getting less than market value for some units. He could be getting$2, 500for each unit which would bring a 6% Cap Rate for each unit. Call listing agent for more info and to schedule an appointment. No rental restrictions, no Association approval, short term rentals allowed, can do 1 day rentals 365 times a year.

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Miami Housing & Living

Household Income

Median household income: $41,818

Number of households: 182,631

The average household income in Miami, FL grew from $40,327 to $41,818 in the past year. This data is an estimate based upon 182,631 households in Miami, FL.
The chart below presents how household income is distributed in Miami, FL in comparison to the revenue allocation amid households nationally.

Property Taxes

Average range: $3k+

One of the most important aspects for property owners is the amount of property taxes. This graph shows distribution of property taxes in Miami, FL compared to median property taxes around the country. The prevalent amount of property taxes in Miami, FL equals $3k+ , which is more than the national average.