605 NW 34th Ave Miami, FL 33125
West Flagler NeighborhoodEstimated payment $10,412/month
Highlights
- No HOA
- Tile Flooring
- Central Heating and Cooling System
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. Do not disturb tenants
Listing Agent
Fausto Commercial Realty Consultants Inc License #3403804 Listed on: 03/20/2026
Home Details
Home Type
- Single Family
Est. Annual Taxes
- $16,038
Year Built
- Built in 1963
Parking
- 7 Parking Spaces
Home Design
- Shingle Roof
Interior Spaces
- 5,334 Sq Ft Home
- 2-Story Property
Flooring
- Tile
- Terrazzo
Additional Features
- Property is zoned 5700
- Central Heating and Cooling System
Community Details
- No Home Owners Association
- 12Th St Manors Subdivision
Listing and Financial Details
- Assessor Parcel Number 01-41-04-023-4150
Map
Home Values in the Area
Average Home Value in this Area
Property History
| Date | Event | Price | List to Sale | Price per Sq Ft |
|---|---|---|---|---|
| 03/20/2026 03/20/26 | For Sale | $1,700,000 | -- | $319 / Sq Ft |
Source: MIAMI REALTORS® MLS
MLS Number: A11988951
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