5200 NW 7TH AVE
MIAMI, FL 33127

$675,000

3 Beds

1 Baths

1,243 Sq Ft

Status Active

MLS# A11586242

Fully remodeled 3 bed/2 bath property with zoning for up to 5 stories on the busy NW 7th Ave corridor. Opportunity to develop up to 11 units of mixed-income housing, with plans underway. With potential of generating over $30K annually without further improvements, this property is perfect for a developer looking to leverage strong rezoning incentives while capitalizing on short-term income as the neighborhood thrives. Currently fully rented at $2,800 to a reliable tenant using it as an office, willing to stay or vacate if needed.

Details for 5200 NW 7TH AVE

$543 / Sq Ft

3 parking spaces

Wall Furnace

18 Days on website

0.11 acres lot

Interior

Appliances

Electric Range, Refrigerator

Bathrooms Full

Bathrooms Total

Bedrooms Total

Flooring

Vinyl

Interior Features

Bedroom On Main Level, First Floor Entry

Living Area

1,243 SqFt.

Building And Construction

Property Sub Type

Single Family Residence

Property Type

Residential

Security Features

["Security System Leased"]

Year Built

1920

Exterior And Lot

Exterior Features

Shed

Garage Spaces

Lot Features

< 1/4 Acre

Lot Size Acres

0.11

Lot Size Square Feet

4800

Lot Size Units

Square Feet

Parking Features

On Street

Parking Total

Pool Features

["None"]

Utilities

Cooling

["Wall/Window Unit(s)"]

Heating

Wall Furnace

Area And Schools

City

Miami

County Or Parish

Miami-Dade County

Subdivision Name

BOWLING GREEN

Financial Info

Buyer Agency Compensation^*

^*The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.

Tax Annual Amount

$8,530

Tax Year

2023