605 NW 34th Ave, Miami, FL 33125
Local realty services provided by:Better Homes and Gardens Real Estate Florida 1st
Listed by: miguel fuentes, mauricio villasuso
Office: fausto commercial realty consultants inc786-748-7373
MLS#:A11988951
Source:SEFMLS
Price summary
- Price:$1,700,000
- Price per sq. ft.:$318.71
About this home
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.
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Home facts
- Year built:1963
- Listing ID #:A11988951
- Updated:May 15, 2026 at 10:02 AM
Rooms and interior
- Flooring:Terrazzo, Tile
- Living area:5,334 sq. ft.
Heating and cooling
- Cooling:Central Air
- Heating:Central
- Central air:Yes
Structure and exterior
- Roof:Shingle
- Year built:1963
- Building area:5,334 sq. ft.
- Architectural Style:Fourplex
- Construction Materials:Block
- Levels:2 Story
Utilities
- Sewer:Public Sewer
Finances and disclosures
- Price:$1,700,000
- Price per sq. ft.:$318.71
- Tax amount:$16,038 (2025)
Parking
- Total parking spaces:7
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