Multifamily Property, Golden Towers, Miami, FL

For sale


Property ID

5,744 SqFt



Golden Towers is a 8-unit, multifamily community located in Miami, FL, which is in Miami-Dade County.​

The subject property is a two-story building built in 1960 using reinforced concrete block construction with painted stucco exterior.​

The property is located at 5545-5555 NW 17th Ave.​, north of NW 54th St, south of NW 76th St, and between NW 7th Ave and NW 27th Ave.

Main traffic arteries traveling north-south through Miami-Dade County.​

The immediate neighborhood consists of primarily multi-family buildings of similar age and construction as the subject property.​

The investment opportunity consists of a highly attractive unit mix of (8) two-bedroom & one-bathroom apartments, totaling approximately 5,744 RSF.​

Golden Towers offers an investor the opportunity to purchase a stabilized, irreplaceable investment property in one of the strongest rental markets in Miami-Dade County, where vacancies are virtually non-existent.

This investment provides great cash flow day one of acquisition and the opportunity to increase rents by 13%+.​

Furthermore, a new owner can add value to the real estate by installing impact resistant windows and onsite laundry facility, which will significantly increase the investment’s income and value


  • ​Large Units
  • ​Value-add opportunity to increase rents 10%+
  • Proforma Gross Potential Rent: $158,400
  • ​New hurricane impact windows, new plumbing, and new electrical panels
  • ​Located just outside of Allapattah, Minutes away from Wynwood, Midtown, Design District and Edgewater
  • ​Fully Occupied

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Address: 5545 NW 17th Ave, Miami, FL 33142
  • Country: United States
  • Province / State: Florida
  • City / Town: Miami
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  • Property ID 3706
  • Price $1,560,000
  • Property Type Multifamily
  • Property status For sale
  • Year Built 1960
  • Size 5,744 SqFt
  • Parking 13
  • Units 8
  • Cap Rate 7.32%
  • Zoning C-1
  • Lot Area 0.22(acres)
  • Price Per Sqft $271.59
  • Subtype Apartment Building
  • Investment Type Value Add
  • Class C
  • Occupancy 100%
  • NOI $114,158
  • Buildings 2
  • Stories 2
  • APN 01-3122-052-6350
  • Price/Unit $195,000


Zena Bardawell Farah

Property Agent
+1 305-967-7200
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