Description

Multifamily with 5 studio units, fully permitted, all units rented, generating immediate cash flow. Prime location on vibrant 2nd Ave in Buena Vista, just 0.7 mi from Miami Design District and near Wynwood, ensuring strong tenant demand. Studios feature separate FPL meters and CBS construction. 6,099 sq ft lot with T4-O zoning (residential, commercial, entertainment) plus adjacent vacant parcels offer huge development upside. Perfect for short-term rentals (Airbnb/VRBO) with potential to dramatically boost income and ROI. Don’t miss this rare opportunity—schedule your showing today!

Address

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Address: 2nd Ave
City: Miami
State/county: Miami-Dade County
Zip/Postal Code: 33127
Area: RAILWAY SHOPS ADDN 2ND AM

Details

Updated on January 21, 2026 at 11:13 am

Property ID A11947228
Price $1,056,000
Year Built 1956
Type Quadruplex
Property Status Residential Income

Additional details

ArchitecturalStyle Other
BuildingAreaUnits Square Feet
BuildingName RAILWAY SHOPS ADDN 2ND AM
ConstructionMaterials Concrete Block Construction
ContractStatusChangeDate 2026-01-16
Cooling Central Air
DaysOnMarket 5
DocumentsAvailable Copy Of Lease(S)
ExpirationDate 2026-06-15
Flooring Tile
Heating Electric
InternetAddressDisplayYN 1
InternetAutomatedValuationDisplayYN 1
InternetConsumerCommentYN 1
InternetEntireListingDisplayYN 1
ListAOR A-Miami Association of REALTORS
ListAgentDirectPhone 786-287-6075
ListingTerms All Cash, Conventional
LotFeatures Less Than 1/4 Acre Lot
LotSizeSquareFeet 0
MLSAreaMajor Railway Shops Addn 2nd Am
MajorChangeTimestamp January 16, 2026 at 07:17pm
MajorChangeType New
MlsStatus Active
ModificationTimestamp January 21, 2026 at 09:00am
NetOperatingIncome 47315
NumberOfUnitsInCommunity 4
OnMarketDate 2026-01-16
OperatingExpense 30685
OriginalEntryTimestamp January 16, 2026 at 07:17pm
OriginalListPrice 1056000
OriginatingSystemID miamire
OriginatingSystemKey miamire
OriginatingSystemName Miami Association of REALTORS®
OtherExpense 0
ParcelNumber 01-31-24-013-4700
ParkingTotal 5
PhotosChangeTimestamp January 21, 2026 at 02:59am
PhotosCount 29
Possession Funding
PostalCodePlus4 2171
PriceChangeTimestamp January 16, 2026 at 07:17pm
PublicSurveyRange 31
PublicSurveySection 24
PublicSurveyTownship 31
RentIncludes Trash Collection, Water
Roof Barrel Roof
Sewer Public Sewer
ShowingContactType Agent
ShowingInstructions Call Listing Agent
SourceSystemKey 425480477
StateOrProvince FL
StatusChangeTimestamp January 16, 2026 at 07:17pm
Stories 1
StoriesTotal 1
StreetDirPrefix NW
StreetName 2nd Ave
StreetNumber 5010
StreetNumberNumeric 5010
StructureType Quadruplex, Fourplex
SyndicationRemarks Multifamily with 5 studio units, fully permitted, all units rented, generating immediate cash flow. Prime location on vibrant 2nd Ave in Buena Vista, just 0.7 mi from Miami Design District and near Wynwood, ensuring strong tenant demand. Studios feature separate FPL meters and CBS construction. 6, 099 sq ft lot with T4-O zoning (residential, commercial, entertainment) plus adjacent vacant parcels offer huge development upside. Perfect for short-term rentals (Airbnb/VRBO) with potential to dramatically boost income and ROI. Don’t miss this rare opportunity—schedule your showing today!
TaxAnnualAmount 18567
TaxLegalDescription 24 53 41 RAILWY SHOPS ADD 2ND AMD PB 3-183 LOT 24 LESS E5FT ST BLK 24 LOT SIZE 57.540 X 106 OR 21761-4059 0903 5 COC 26136-4527 11 2007 1
TaxYear 2025
TotalActualRent 78000
WaterSource Municipal Water
WindowFeatures Blinds
YearBuiltDetails Resale
Zoning 4801