tomo logo

$1,000,000

Beds
4
Baths
2.0
sq ft
1,680

5501 NW 2nd Ave, Miami, FL 33127

5501 NW 2nd Ave

Miami, FL 33127

  • 81 days on market
**Prime Commercial Opportunity for Business Owners Or Developers!** Located near Miami’s emerging Buena Vista neighborhood, Wynwood, Design District, Downtown Miami, and Brickell This location offers an exceptional opportunity for business owners seeking to establish a retail store in a high-traffic area OR for developers looking to build a mix of residential, office, and retail space! Agents, bring your business owners and developers! T5-L consists of a higher density mixed-use building type, that accommodates retail and office uses with apartments. Purchase with as little as 10% down with SBA Financing! Includes 4 parking spaces and plenty of street parking. The property has a large studio in the back and both units can produce around $5,000-$6,000 per month.

Details

Property type

Single Family Residence

Est. home value

$783,175

Lot size

4,300 sq ft

Price per sq ft

$596

Year built

1924

Annual property taxes

$1,183

Price History

09/03/2024
SEF

SEF #A11652352

Listed
$1,000,000
+25%
03/05/2024
SEF

SEF #A11480254

Removed
$799,999
11/02/2023
SEF

SEF #A11480254

Listed
$799,999

Schools & Community

Neighborhood: 

Little Haiti

Elementary school: 

Shadowlawn

Middle school: 

Miami Edison

High school: 

Miami Edison

Seller’s Loan History

Before you make an offer, understand who you are negotiating with so you can tailor your negotiation strategy to their situation.

Lender

Home Loan Corp

Loan start date

February 2007

Original loan amount

$150,000

Est. remaining balance

$28,361

Interest rate

6.18%

Loan type

Not Provided, 20 year

Seller

Florencio Morales and Esperanza Morales

Lender

Home Loan Corp

Loan start date

February 2007

Original loan amount

$150,000

Est. remaining balance

$28,361

Interest rate

6.18%

Loan type

Not Provided, 20 year

Seller

Florencio Morales and Esperanza Morales

Source: Public records data

If you're the owner, you can request to remove loan details. Email listingsupport@tomo.com

How insights can help you

Interest rate

If the seller has a low interest rate, they may be tempted to rent the property out if they can't get the price they have in mind.

Motivation

If the seller already got a job in a different city, they may feel pressure to sell quickly to free up cash for a new home.

Equity

If the seller stands to receive a large amount of cash when they sell the property, they might be willing to negotiate on the offer price.

Interested in learning more?

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Status: Active

Tomo last checked: 11/22/2024 at 11:25 PM

Listing updated: 09/30/2024 at 4:41 PM

Listed by: Vicente Rodriguez, Fausto Commercial Realty Consultants Inc Phone #: (305) 431-2258

MLS: SEF #A11652352

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