$1,700,000

605 NW 34th Ave, Miami, FL 33125

  • 5,334 sqft
  • Property Icon Multi-Family Home
  • Property Year Built Icon Built in 1963
  • Property Lot Size Icon —— sqft lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $319/sqft
  • Property List Date Icon Listed 16 days ago

Property Description

Value-add "compound" opportunity featuring a unique 6-unit residential property on an expansive 10,400 Sq. Ft. lot. This property offers a versatile unit mix consisting of a standalone 3-bedroom, 2-bathroom single-family home (built 1948) and a separate two story 5-unit apartment building (built 1963) featuring all 1-bedroom, 1-bathroom layouts. All structures feature solid CBS construction and "great bones," providing the perfect canvas for an investor to renovate and capture massive rental upside. Current Gross income $97,045 Current NOI $66,255 Strategically located in a high-demand growth pocket, the property is just blocks from the Magic City Casino and the future Miami Freedom Park (Inter Miami Stadium). With immediate access to the 836 Expressway, residents are minutes from Miami International Airport, the Health District, and Downtown Miami. Currently operating with below-market rents, this asset is a prime candidate for a repositioning strategy to maximize yield in one of Miami’s most exciting emerging corridors. Do not disturb tenants

Listing Status:
Active
Date Added:
March 20, 2026
Data Last Updated:
April 5, 2026 at 5:07PM
Listing Office:
Fausto Commercial Realty Consultants Inc : 786-748-7373
Listing Agent:
Miguel Fuentes : 305-915-3492
MLS ID:
A11988951
  • Flooring: TerrazzoTile
  • A/C: Central Air
  • Heating: Central
  • Style: Detached
  • Parking: Parking spaces: 7
  • Roofing: Shingle
  • General: Concrete Block Construction2
  • Originating MLS: Miami Association of REALTORS®
  • County: Miami-Dade County
  • Zoning: 5700TWELFTH STREET MANORS PB 5-59 LOT 5 & LOT 6 BLK 41 LOT SIZE 100.000 X 104 OR 20125-4684 01 2002 101-41-04-023-4150
  • Sewer: Public Sewer
  • Source: Miami Association of REALTORS®

This listing courtesy of Miguel Fuentes , Fausto Commercial Realty Consultants Inc

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

K

Kensington Park Elementary School

711 NW 30th Ave, Miami, FL, 33125

Grades PK-5

0.51 miles away

K

Kinloch Park Middle School

4340 NW 3rd St, Miami, FL, 33126

Grades 6-8

1.02 miles away

G

Green Springs High School

3555 NW 7th St, Miami, FL, 33125

Grades 9-12

0.13 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.

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