$549,999 for Sale
6951 nw 5th court , miami, FL 33150
| Beds 7 | Baths 4 | 2,244 Sqft | 0.31 Acres |
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Property Description
Incredible Investment Opportunity! Oversized Triplex on Massive Lot in Prime Miami – High Rental Potential with NO HOA! This is a rare chance to secure a versatile, income-producing triplex on one of the largest lots in the neighborhood—perfect for a cash buyer investor looking for long-term returns or a multi-use setup with endless potential. Located on a quiet street in one of Miami’s fastest-developing areas, this property offers both immediate functionality and room to grow. Situated on a fully fenced, lushly landscaped lot, this unique setup features two large buildings divided into three separate units, each with its own private entrance, individual electric meters, and separate water meters. Previously used as an assisted living facility, the layout is ideal for multi-generational living, long-term rentals, or repurposing for specialized residential care. One unit has been beautifully renovated, showcasing luxury vinyl plank flooring, solid wood cabinets, white countertops, and a modern bathroom with marble-look tile, rainfall showerhead, and upgraded vanity. The other two units are clean and fully functional, with light cosmetic updates offering the opportunity to maximize rental income quickly. Outside, the expansive lot features a long, wide driveway with ample off-street parking, vibrant landscaping, and tons of space for lounging, storage, gardening, or even future additions. There's plenty of street parking, and the layout provides flexibility to expand or further optimize the property. Major capital improvements are already done: new roofs installed on all buildings in 2018, and A/C replaced the same year. Electrical and plumbing are in solid working order, giving you a reliable foundation to build on. Zoned for flexibility and with NO HOA restrictions, this is the ideal property for a cash investor looking to add value, generate immediate income, or hold as a long-term appreciating asset. The location is just minutes from downtown, the airport, restaurants, and retail—offering both quiet residential appeal and easy access to Miami’s core. Whether you’re buying to rent, expand, or customize for multi-family or specialty use, this property checks every box. Schedule your showing today and secure a rare, cash-flow-ready asset in the heart of Miami.
General Information
Sale Price: $549,999
Price/SqFt: $245
Status: Active
MLS#: TB8405925
City: miami
Post Office: miami
County: Miami-Dade
Subdivision: 07th ave highlands
Acres: 0.31
Lot Dimensions: 100 x 135
Bedrooms:7
Bathrooms:4
House Size: 2,244 sq.ft.
Acreage: 0.31 est.
Year Built: 1947
Property Type: Triplex
Style:
Features & Room Sizes
Paved Road: Asphalt, Concrete
Garage: No
Construction: Stucco, Wood Siding
Exterior Misc: Other
Basement: No
Foundation : Slab
Cooling: Central Air, Wall/Window Unit(s)
Heating: Central, Electric, Wall Units / Window Unit
Waste: Public Sewer
Watersource: Public
Tax, Fees & Legal
Est. Summer Taxes: $0
Est. Winter Taxes: $7,322
Legal Description: 7 AVE HIGHLANDS PB 14-13 S20FT OF LOT 16 & ALL OF LOTS 17 & 18 LESS R/W BLK 3 LOT 13202 SQ FT OR 20907-3739 12 2002 1
Information provided by My Florida Regional MLS DBA Stellar MLS, Copyright 2025
All information provided is deemed reliable but is not guaranteed and should be independently verified. Participants are required to indicate on their websites that the information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listing By: Ronald Ryder of RICHARD PETERS REALTY LLC, Phone: 352-448-9712
