MODEL ESTATES SUB NO 3

5895 NW 12th Ave, Miami FL 33127

Closed

$499,000

23.23%

Est. Payment $2,656/mo

MLS Sheet Video

194

Days on Market

Description

This business is a fantastic opportunity! 6 bedroom and 3.5 bathroom hostel, and an efficiency rented for $1200 monthly maximizing its space and income potential. Located on a bustling high traffic commercial avenue, it enjoys excellent visibility and accessibility, ideal for attracting guests. The hostel is already generating steady income and boasts an impressive 8.2 rating on Booking, reflecting its popularity and guest satisfaction. With well designed rooms, functional common areas, and a prime location, this property offers strong returns for investors looking for a profitable hospitality business. Don't miss our on this high performing income property!

Facts

MLS#: A11736457
Subdivision: MODEL ESTATES SUB NO 3
Property Type: Commercial Land
Property Sub Type: Commercial
Year Built: —
Lot Size: 8,712 ft²
Sq. Ft.: —
Sq. Mt.: —
Price per sq. ft.: —
Price per sq. mt.: —
Stories: —
Garage: —
Pool: —
Days on Market: 194 days
Listed: Feb 3, 2025
Last Updated: Nov 3, 2025
Price/Lot Sq.Ft.: $57/ft²

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Market insights for Miami

Live MLS-derived activity. Forecast is a conservative rule-of-thumb estimate — not a guarantee.

Sellers market

May 2026

100/100

Buyers marketSellers market

Median days to sold

+4.5%

1-year price forecast (est.)

Price & tax history

From the live MIAMI MLS feed. Older history requires the ListingHistory resource (not yet enabled).

11/3/2025	Sold	$499,000
9/8/2025	Price change	$499,000-23.2%
2/3/2025	Listed for sale	$650,000

History reflects fields present on the live MLS record. Full multi-year history requires the MIAMI ListingHistory resource (not yet enabled).

Location

5895 NW 12th Ave, Miami FL 33127Directions

GreatSchools Summary Ratings

Public + private K-12 schools within 5 miles of this listing.

Palm Springs Elementary School
PK,KG,1,2,3,4,5 · public · 0.3 mi
Amelia Earhart Elementary School
PK,KG,1,2,3,4,5 · public · 0.4 mi
Hialeah Middle School
6,7,8 · public · 0.4 mi
District Summer Center F
KG,1,2,3,4,5,6,7,8,9,10,11,12 · public · 0.5 mi
Children's Paradise Learning Center
PK,TK,KG,1,2,3 · private · 0.5 mi
Asbury Christian School
PK,KG,1,2,3,4,5,6,7,8,9,10 · private · 0.6 mi
North Hialeah Christian School
PK,KG,1,2,3,4,5,6 · private · 0.6 mi
Little Angels Christian School
PK,KG,1,2,3,4,5 · private · 0.7 mi
International Children's Academy
PK,KG,1,2,3 · private · 0.8 mi
International Children's Academy
PK,TK,KG,1 · private · 0.8 mi

Estimated Monthly Payment

$3,222/mo

Principal & Interest

$2,656

Property Tax

$416

Insurance

$150

HOA

Down Payment20% ($99,800)

Interest Rate7.00%

Loan Term30 years

Property Tax Rate1.00% (FL avg ~1.0%)

HOA / Maintenance$0/mo

Insurance$150/mo

Estimates only. Actual payment depends on credit, lender, insurance carrier, and FL/Miami-Dade specifics. Contact Rangely for a precise quote.

Rangely Adames

Sales Associate | Sunland Group

(954) 833-0020 info@rangelyadames.com

Hablo Español

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