3 months on rocket

5501 NW 2nd Ave, Miami, FL, 33127

$1,000,000

Home List Price

$10,000*

Closing Credit

4 Bedrooms
2 Full Baths
1,680 SqFt
$595/SqFt
House

Location

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5501 NW 2nd Ave, Miami$1,000,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeSingle Family Residence
ParkingCovered
Year Built1924
HeatingCentral
CoolingCentral Air
ViewNone
MLS #A11652352
StatusActive

About 5501 NW 2nd Ave

**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.

Property Details

Property Features

Property Information:

  • Architectural Style: One Story
  • Year Built: 1924
  • Stories: 1
  • Living Area: 1,680 SqFt

Listing Office:

  • Office Name: Fausto Commercial Realty Consultants Inc
  • Office Phone: (305) 431-2258
  • Listing Agent: Vicente Rodriguez

Interior Features

Interior Information:

  • Appliances: Electric Range, Microwave
  • Flooring Type: Tile
  • Interior: First Floor Entry

Bedroom and Bathroom Information:

  • Full Bathrooms: 2
  • Total Bedroom Count: 4

Exterior Features

Exterior Information:

  • View: None
  • Exterior: None

Parking Information:

  • Parking: Covered

Virtual/3D Tour

  • Virtual Tour: 5501 NW 2nd Ave
Virtual Tour

Utilities

Utilities Information:

  • Heating: Central
  • Cooling: Central Air

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,000,000
  • Price Per SqFt: $595/SqFt

Tax Information:

  • Annual Amount: $706
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in Miami, FL.

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Miami, FL

City

Med. Sold Price

$565.6K

Med. Price/SqFt

$391

Avg. Days On Market

60

# of Sold Homes

595

5501 NW 2nd Ave vs Miami

110 DAYS ON ROCKET

+50 Days

$1,000,000

+$434.3K More

$595/SqFt

+$203 More

KEY TAKEAWAY

This property is $434.3K more than the Median Sold Price and $203/SqFt more than other homes in Miami, FL.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: SEFMIAMI
  • MLS Number: #A11652352

Listing Office:

  • Office Name: Fausto Commercial Realty Consultants Inc
  • Office Phone: (305) 431-2258
  • Listing Agent: Vicente Rodriguez

IDX © 2024 Miami Association of REALTORS®. All rights reserved. The data relating to real estate on this web site comes in part from the Internet Data Exchange program of the MLS of the Miami Association of REALTORS®. All information is deemed reliable but not guaranteed by the MLS and should be independently verified. The MLS, this broker and their affiliates provide all content therein “AS IS” and without any warranty, express or implied. The information included in this listing is provided exclusively 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. This property is offered without respect to any protected classes in accordance with the law.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 12/22/2024, 10:20:50 PM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2020$706$40,327
2018$666$38,686
2017$653$37,891

History based on county public records data.

Payment Calculator

$5,058

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$3,065

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Schools

Schools Nearby

The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.

Nearby Schools

school-card-donut-1101728
7
/10

  • Shadowlawn Elementary School

  • 149 NW 49th St

  • 0.37 miles

  • Public District Grades PK-5

school-card-donut-1101729
7
/10

  • Toussaint L'Ouverture Elementary School

  • 120 NE 59th St

  • 0.44 miles

  • Public District Grades PK-5

school-card-donut-1101730
7
/10

  • Edison Park K-8 Center

  • 500 NW 67th St

  • 0.74 miles

  • Public District Grades PK-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $14,068. Residents of Miami, FL typically earn less than $35k each year. Typical family type is single, no kids. Typical level of education for residents in this area is high school diploma.

All data provided by Home Junction and Claritas

Frequently Asked Questions About 5501 NW 2nd Ave

What is the listing price of this property?

The listing price of 5501 NW 2nd Ave property is $1,000,000.

What type of property is this?

The property 5501 NW 2nd Ave is a house located in Miami, Florida, 33127.

Is this property for sale now?

Active Listing: 5501 NW 2nd Ave is For Sale (Active/New) which means the seller is accepting offers.

What is the annual property tax for this property?

According to the records, the last property tax for 2020 is $706 (source: MLS/based on county public records data).

How many bedrooms and bathrooms does this property have?

The property at 5501 NW 2nd Ave has 4 bedrooms and 2 bathrooms.

What is the square footage of this property?

The property 5501 NW 2nd Ave is 1,680 SqFt (source: MLS/tax record).

Which year was this property built?

The year of construction for 5501 NW 2nd Ave is 1924.

Rocket Homes›Florida›Miami-Dade County›Miami›33127›5501 NW 2nd Ave

This home is located at 5501 NW 2nd Ave in Miami, FL and zip code 33127 in the Buena Vista neighborhood. This 1,680 square foot home was built in 1924. Features: 4 bedrooms, 2 bathrooms. It has been listed on Rocket Homes since September 03, 2024 and is currently priced at $1,000,000.

Miami, FL housing market in November 2024 saw over 38 listings sold above listed price, more than 112 sold at listed price and over 445 sold below. The number of listings in Miami, FL increased by 6.7% between October 2024 and November 2024. While the average time on the market in November 2024 was 60 days, the median list price was $565,671.

From Rocket Homes Real Estate and based on county public records data.

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