5850 NE 3rd Ave, Miami, FL 33137 — MLS photo

Active · SingleFamilyResidence

$899,000

5850 NE 3rd Ave, Miami, FL 33137

Beds: 4
Baths: 3
Living area: 1,530 sq ft
$ / sq ft: $588/sq ft
Year built: 1949
Lot size: 10,000 sq ft
HOA fee: —
Annual tax: $8,803

About this property

Stunning Fully Renovated 4-Bed, 3-Bath Home in Prime Miami Location. situated on an oversized corner lot, just one block from the Cultural Arts Center and the exciting new Magic City Innovation District, you’re only minutes from Miami Design District. This home features a new 2023 roof, new A/C units, and extensive electrical and plumbing upgrades throughout all three bathrooms, tankless water heater and recessed lighting throughout home. kitchen boasts brand-new cabinetry and premium stainless steel appliances, porcelain flooring, impact windows and doors. Step outside to a lushly landscaped yard enhanced with exterior lighting, mature trees, and privacy plants, for relaxation or hosting guests. property fully gated. This home offers the perfect blend of space, style, and location!

Property location

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5850 NE 3rd Ave, Miami, FL 33137

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Facts & features

Interior

Bedrooms: 4
Bathrooms: 3
Living area: 1,530 sq ft
Appliances: Dryer, Dishwasher, Electric Range, Electric Water Heater, Disposal, Ice Maker, Microwave, Refrigerator
Cooling: Ceiling Fans, Electric
Heating: Central
Interior features: Bedroom On Main Level, Bathtub, Dual Sinks, First Floor Entry, Living Dining Room, Separate Shower
Furnished: Unfurnished

Exterior & Structure

Property type: SingleFamilyResidence
Year built: 1949
Lot size: 10,000 sq ft
Architectural style: One Story
Roof: Shingle
Construction: Block, Stucco
Exterior features: Fence, Fruit Trees, Lighting, Security High Impact Doors
Pool: None
View: None

Parking

Garage spaces: 0
Covered spaces: 4
Parking features: Driveway

HOA, Community & Financials

Security: Smoke Detectors
Annual tax: $8,803
Subdivision: PIERCES LEMON CITY
County: Miami-Dade
Days on market: 308
MLS listing ID: A11912666
Listing status: Active

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Estimated monthly cash flow

-$816

Cap rate: 4.6%
Net yield: 4.6%
Cash-on-cash return: -3.9%
Gross yield: 7.0%
Mortgage payment: $4,262/mo
Down payment: $224,750
Loan amount: $674,250
Annual NOI: $41,345

Estimates only — includes 5% maintenance reserve and ~3% closing costs in cash invested. Verify taxes, HOA and insurance before making an offer.