Commercial property in Miami, Florida № 1049557

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Commercial property in Miami, Florida № 1049557
ID1049557 $ 400 000
  • EUR €
  • USD $
  • RUB ₽
  • GBP £

Property description

Explore a prime investment opportunity at 5817 NW 30th Ave, Central Miami, FL, in the Hialeah Heights subdivision. This vacant single-family home, ripe for renovation, features a 2-bed, 1-bath layout spanning 1,092 sqft on an 8,640 sqft lot. Zoned for duplex development, it's perfect for developers entering Miami's real estate market. With the potential for a multifamily unit in a thriving rental market averaging $3,500/month, the investment potential is clear. Homes in the area fetch up to $850,000, with land valued at $60/sqft. Seize the opportunity to capitalize on the area's growth and the property's development potential.
MLS #: A11545499
Miami - Statistics
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ParametersMiami
Rent Per Month
Apartment (1 bedroom) in City Centre$ 2 843.62
Apartment (1 bedroom) Outside of Centre$ 2 130.79
Apartment (3 bedrooms) in City Centre$ 5 351.58
Apartment (3 bedrooms) Outside of Centre$ 3 919.36
Buy Apartment Price
Price per Square Meter to Buy Apartment in City Centre$ 6 616.14
Price per Square Meter to Buy Apartment Outside of Centre$ 4 023.90
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ParametersMiami
Crime Index52.77
Cost of Living and Rent Index72.34
Purchasing Power Index112.07
Property Price to Income Ratio6.23
Safety Index47.23
Traffic CO₂ Index10599.19
Traffic Inefficiency Index233.91
Rent Index68.55
Health Care Index63.43
Groceries Index79.54
Pollution Index39.11
Traffic Commute Time Index42.75
Restaurant Price Index87.45
Climate Index85.69
Cost of Living Index75.44
Quality of Life Index161.15
Traffic Index211.31
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ParametersMiami
Restaurants
Meal, Inexpensive Restaurant$ 28.09
Meal for 2 People, Mid-range Restaurant, Three-course$ 100.00
McMeal at McDonalds (or Equivalent Combo Meal)$ 12.00
Domestic Beer (0.5 liter draught)$ 7.50
Imported Beer (0.33 liter bottle)$ 9.00
Coke/Pepsi (0.33 liter bottle)$ 3.23
Water (0.33 liter bottle) $ 2.60
Cappuccino (regular)$ 5.32
Markets
Milk (regular), (1 liter)$ 1.16
Loaf of Fresh White Bread (500g)$ 3.83
Eggs (regular) (12)$ 4.14
Local Cheese (1kg)$ 15.15
Water (1.5 liter bottle)$ 2.13
Bottle of Wine (Mid-Range)$ 15.00
Domestic Beer (0.5 liter bottle)$ 2.38
Imported Beer (0.33 liter bottle)$ 2.63
Cigarettes 20 Pack (Marlboro)$ 11.40
Apples (1kg)$ 5.75
Chicken Fillets (1kg)$ 11.96
Oranges (1kg)$ 4.06
Potato (1kg)$ 2.30
Lettuce (1 head)$ 3.05
Rice (white), (1kg)$ 4.19
Tomato (1kg)$ 4.53
Banana (1kg)$ 1.88
Onion (1kg)$ 3.34
Beef Round (1kg) (or Equivalent Back Leg Red Meat)$ 17.92
Transportation
One-way Ticket (Local Transport)$ 2.25
Monthly Pass (Regular Price)$ 113.75
Gasoline (1 liter)$ 0.95
Volkswagen Golf 1.4 90 KW Trendline (Or Equivalent New Car)$ 35 000.00
Taxi Start (Normal Tariff)$ 4.00
Taxi 1km (Normal Tariff)$ 1.30
Taxi 1hour Waiting (Normal Tariff)$ 24.00
Toyota Corolla Sedan 1.6l 97kW Comfort (Or Equivalent New Car)$ 26 054.25
Utilities (Monthly)
Basic (Electricity, Heating, Cooling, Water, Garbage) for 85m2 Apartment$ 156.11
Internet (60 Mbps or More, Unlimited Data, Cable/ADSL)$ 67.00
$ 62.83
Salaries And Financing
Average Monthly Net Salary (After Tax)$ 4 271.49
Mortgage Interest Rate in Percentages (%), Yearly, for 20 Years Fixed-Rate6.66
Sports And Leisure
Fitness Club, Monthly Fee for 1 Adult$ 71.09
Tennis Court Rent (1 Hour on Weekend)$ 23.38
Cinema, International Release, 1 Seat$ 15.00
Clothing And Shoes
1 Pair of Jeans (Levis 501 Or Similar)$ 51.94
1 Summer Dress in a Chain Store (Zara, H&M, ...)$ 54.62
1 Pair of Nike Running Shoes (Mid-Range)$ 85.53
1 Pair of Men Leather Business Shoes$ 122.00
Childcare
Preschool (or Kindergarten), Full Day, Private, Monthly for 1 Child$ 1 281.25
International Primary School, Yearly for 1 Child$ 25 250.00
Data are provided by Numbeo.com and are based on its users survey. Florida.realestate can not guarantee the validity of these data.
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CityMiami
Address5817 NW 30th Ave, Miami FL 33142
TypeCommercial property
Price
  • Price
  • per m²
$ 400 000
  • EUR €
  • USD $
  • RUB ₽
  • GBP £