5410 NW 14th Ave

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5410 NW 14th Ave

Miami, FL 33142
Asking Price
$2.69M
Asset Type
Multifamily
Class
Class B

What's Special

5410 NW 14th Ave is situated in the Gladeview neighborhood of Miami, Florida. The area is characterized by a mix of residential dwellings and light industrial facilities. The property offers proximity to major transit routes, including State Road 112 and Interstate 95, facilitating access to the Miami International Airport and the Downtown core. Local amenities include the Joseph Caleb Service Center and various neighborhood retail centers along the NW 12th Avenue and NW 54th Street corridors. Public transportation is available via several nearby Metrobus stops. This multifamily asset is positioned for long-term residential rental use in a high-demand submarket. The location is suitable for a workforce housing model, catering to individuals and families employed in the nearby urban centers or the logistics sectors surrounding the airport. The typical tenant profile includes local service workers and commuters seeking functional housing with direct connectivity to Miami’s primary employment hubs. The property serves as a baseline residential option within an established, developing residential pocket.

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NOI
$80,000
Cap Rate
2.97%
DSCR
0.50
Underwater
Cash-on-Cash
-9.88%
Monthly Payment
$13,308.652
Annual Cash Flow
$-79,703.827

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