$598,000
$52K PRICE DROP

5895 NW 12th Ave Miami, FL 33127

Liberty City Neighborhood

Estimated payment $4,023/month

Total Views 1,657
0.2 Acre
$2,990,000 Price per Acre
8,953 Sq Ft Lot

About This Lot

This business is a fantastic opportunity!6 bedroom and 3.5 bathroom hostel, and an efficiency rented for $1200 monthly maximizing its space and income potential. Located on a bustling high traffic commercial avenue, it enjoys excellent visibility and accessibility, ideal for attracting guests.The hostel is already generating steady income and boasts an impressive 8.2 rating on Booking, reflecting its popularity and guest satisfaction. With well designed rooms, functional common areas, and a prime location, this property offers strong returns for investors looking for a profitable hospitality business. Don't miss our on this high performing income property!

Listing Agent

Poliana Coelho

Miami Realty Solution Group License #3411972 Listed on: 02/03/2025

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $8,572

Lot Details

  • 8,953 Sq Ft Lot
  • Lot Dimensions are 98x91
  • Property is zoned 4801

Location

  • City Lot

Community Details

  • No Home Owners Association
  • Model Estates Sub No 3 Condos
  • Model Estates Sub No 3 Subdivision

Listing and Financial Details

  • Assessor Parcel Number 01-31-14-064-0020

Property Details

Property Type

Land

Est. Annual Taxes

$8,572

Lot Details

0

Listing Details

  • Property Type: Commercial Land
  • Property Sub Type: Commercial
  • Horses: No
  • Lot Size Acres: 0.2
  • Lot Size: 98x91
  • New Construction: No
  • Road Frontage Type: City/County Maintained, Public Road
  • Structure Type: Commercial
  • Subdivision Name: MODEL ESTATES SUB NO 3
  • Special Features: VirtualTour

Interior Features

  • Possible Use: Central Urban, Professional, Transition

Exterior Features

  • Lot Features: Central Business District, City Location, Urban Area Development, Less Than 1 Acre
  • Pool Private: No
  • View: No
  • Waterfront: No

Garage/Parking

  • Park Building Name: MODEL ESTATES SUB NO 3

Utilities

  • Sewer: Public Sanitation
  • Water Source: Municipal Water
  • Utilities: Electricity Connected, Natural Gas Connected, Sewer Connected, Water Connected, Electricity Available, Natural Gas Available, Other, Sewer Available, Trash Removal, Water Available

Condo/Co-op/Association

  • Association: No

Lot Info

  • Parcel Number: 01-31-14-064-0020
  • Current Use: Unimproved Business/Commercial, Unimproved Hotel/Motel, Income (Recreational)
  • Lot Size Sq Ft: 8953
  • Zoning: 4801

Multi Family

  • Gross Scheduled Income: 125860

Tax Info

  • Tax Year: 2024
  • Tax Annual Amount: 8572

Map

Range of Values:

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List Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $8,572 $409,757 $313,355 $96,402
2024 $8,600 $386,185 -- --
2023 $8,600 $351,078 $0 $0
2022 $6,964 $319,363 $223,825 $95,538
2021 $4,847 $192,627 $0 $0
2020 $4,110 $175,116 $89,530 $85,586
2019 $2,376 $112,141 $89,530 $22,611
2018 $1,982 $76,498 $53,718 $22,780
2017 $2,004 $76,667 $0 $0
2016 $2,057 $76,835 $0 $0
2015 $2,092 $77,004 $0 $0
2014 $1,955 $56,002 $0 $0
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
07/24/2025 07/24/25 Price Changed $549,000 -8.2% $394 / Sq Ft
06/16/2025 06/16/25 Price Changed $598,000 0.0% $429 / Sq Ft
06/16/2025 06/16/25 For Sale $598,000 0.0% $429 / Sq Ft
06/16/2025 06/16/25 Price Changed $598,000 0.0% --
06/16/2025 06/16/25 For Sale $598,000 -0.2% --
06/05/2025 06/05/25 Pending -- -- --
05/23/2025 05/23/25 Price Changed $599,000 -7.8% $430 / Sq Ft
05/14/2025 05/14/25 Pending -- -- --
02/07/2025 02/07/25 For Sale $650,000 0.0% $467 / Sq Ft
02/03/2025 02/03/25 For Sale $650,000 +78.1% --
09/15/2021 09/15/21 Sold $365,000 -3.9% $262 / Sq Ft
07/09/2021 07/09/21 Pending -- -- --
06/23/2021 06/23/21 For Sale $380,000 +58.3% $273 / Sq Ft
11/19/2019 11/19/19 Sold $240,000 0.0% $172 / Sq Ft
10/10/2019 10/10/19 Pending -- -- --
10/04/2019 10/04/19 For Sale $240,000 -- $172 / Sq Ft
Source: MIAMI REALTORS® MLS

Purchase History

Date Type Sale Price Title Company
Warranty Deed $365,000 Omega National Ttl Agcy Llc
Warranty Deed $240,000 Title Experts Of South Fl In
Warranty Deed $68,000 Exceptional Title Ins & Escr
Source: Public Records

Mortgage History

Date Status Loan Amount Loan Type
Open $283,500 New Conventional
Previous Owner $192,000 New Conventional
Previous Owner $100,000 Unknown
Previous Owner $105,000 Adjustable Rate Mortgage/ARM
Previous Owner $130,000 Amount Keyed Is An Aggregate Amount
Previous Owner $100,000 Credit Line Revolving
Source: Public Records

Source: MIAMI REALTORS® MLS

MLS Number: A11736457

MIAMI REALTORS® MLS

APN: 01-3114-064-0020

Florida Miami/Dade County Miami 33127 Liberty City

5895 NW 12th Ave, Miami, FL

This home is located at 5895 NW 12th Ave, Miami, FL 33127 and is currently priced at $598,000. 5895 NW 12th Ave is a home located in Miami-Dade County with nearby schools including Orchard Villa Elementary School, Brownsville Middle School, and Miami Northwestern Senior High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

MIAMI REALTORS® MLS IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.

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Poliana Coelho
Listing Agent
Poliana Coelho
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Miami Realty Solution Group
(305) 984-2854