EXCELLENT INVESTMENT OPPORTUNITY WITH DUPLEX POTENTIAL IN NORTH MIAMI BEACH
16500 NE 5th Ave, Miami, FL, Miami, FL, 33162, US
Single FamilyStatus: active
$470,000
Estimated annual taxes: $8,548
3 Bedrooms
1 Bathrooms
1,650 ft² · 153 m²
— Garages
About this property
Investors and visionaries, discover the immense potential of 16500 NE 5th Ave, a versatile property of 1650 ft² strategically located in the dynamic North Miami Beach market. With a starting price of $470,000 and situated on a generous lot of 7225 ft², this concrete block structure built in 1958 offers a very attractive layout of 4 bedrooms, 3 bathrooms, and a studio with independent access. Classified under zoning with duplex potential, it represents a perfect blank canvas for a complete renovation project, architectural redesign, or rental exploitation in a highly sought-after residential area. Its unbeatable location in Miami-Dade County ensures optimal connectivity to shopping centers, local beaches, and the major highways of South Florida.
Technical details & MLS (USA)
Year built: 1958
Stories: 1
Lot size: 7,225 ft²
Zoning: Residential / Multifamily Potential - Duplex (Zoning 5700 / Fulford Highlands)
MLS area: 22
Special notes: FULFORD HIGHLANDS
Environment
Nearby schools
- ElementaryOak Grove
- MiddleJohn F. Kennedy
- High SchoolNorth Miami Beach
Location on Google Maps
Open in MapsDetails & Features
Financial information
Annual taxes:$8,548
Additional features
-High Income and Revenue Potential: The property is currently configured with 4 bedrooms, 3 bathrooms, and an independent studio with its own private entrance, making it ideal for generating multiple streams of rental income or accommodating an extended family. -Layout and Comfort: Designed with the master bedroom conveniently located on the first floor (Master Downstairs) and views of the rear garden areas (Garden View). -Included Equipment: The kitchen area features an installed dishwasher. -Sturdy Structure: Classic and durable building constructed with high-durability concrete blocks (BLOCK). -Climate Control Systems: Equipped with central air conditioning and central heating systems. -Utilities Connected: Direct and active connection to the main public water (Public Water) and public sewer (Public Sewer) networks. -Strategic Location with Great Appreciation Potential: Located in the growing and in-demand community of Fulford Highlands in North Miami Beach, with immediate access to major highways, top-tier shopping centers, dining areas, and local beaches.