Contacts
Ian Osorio
London Foster Realty
Property Details
- Property Type Multi-Family
- Property Size 5,898 SF
- Units 10
- Lot Size 0.17 Acre
- # of Floors 2
- Property Tenancy Multi-Tenant
- Year Built 1918
- Date Updated Mar 26, 2024
Great income producing investment opportunity in Miami. 10 UNITS. This property is comprised of a fully renovated 8 unit apartment building consisting of one bedroom one bathroom units and a single-family home. Current ownership is operating the single-family home as a duplex with 2Br/1Ba in each unit for a total of 10 rental units.
Centrally located in Miami's Little Havana submarket, the area continues to see great rent collections.
The 1/1s are currently rented at an average of $1800 per month. The single family is producing $4,000 per month. Current annual gross income of $176,700.00. Proforma gross income of $263,400. Property has new floors, new kitchen, new AC mini splits, and new bathrooms. Stainless steel appliances. Separate electric meters. Pro forma cap rate of 6.1%
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Highlights
- Located in Miami's Little Havana submarket. The Little Havana area continues to see great rent collections. Area is booming and growing from the inflow of residents from other States as they continue to be driven to Miami.
Attachments
Getting around
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84/100
Walk Score ®
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75/100
Transit Score ®
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69/100
Bike Score ®
Location
- City Miami, FL
- Neighborhood Little Havana
- Zip Code 33128
- Market Miami
Points of Interest
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Culmer
0.64 miles
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Government Center
0.80 miles
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MiamiCentral
0.83 miles
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Historic Overtown/Lyric Theatre
0.87 miles
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Wilkie D. Ferguson, Jr.
0.88 miles
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Miami Avenue
0.96 miles
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Third Street
0.98 miles
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Riverwalk
1.06 miles
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Civic Center
1.06 miles
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College North
1.07 miles
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Valero
0.18 miles
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Marathon
0.76 miles
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Sunflex
0.77 miles
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Shell
0.79 miles
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U Gas
0.86 miles
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Valero
1.03 miles
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U Gas
1.11 miles
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ChargePoint Charging Station
1.31 miles
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Chevron
1.49 miles
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Marathon
1.58 miles
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Center Field Garage
0.64 miles
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Third Base Garage
0.69 miles
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First Base Garage
0.73 miles
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Home Plate Garage
0.78 miles
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Lot 59
0.82 miles
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Lot 18
0.83 miles
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Garage 2
0.87 miles
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Lot 43
0.90 miles
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Dominion Tower Parking Garage
0.91 miles
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Garage 1
0.91 miles
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FANNYLU
0.44 miles
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Selina Miami River
0.50 miles
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Barlington Hotel
0.54 miles
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SpringHill Suites
0.81 miles
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SpringHill Suites by Marriott Miami Downtown/Medical Center
0.81 miles
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Dunns-Josephine Hotel
0.82 miles
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Casa Trinidad at #1
0.95 miles
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AC Miami Hotel Downtown & Element Miami Downtown
1.00 miles
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Aloft Miami Brickell
1.07 miles
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The Langford
1.09 miles
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Presidente Supermarket
0.74 miles
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Publix
0.79 miles
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Ross
0.97 miles
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Babados FOR NOW! Wholesales
1.02 miles
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MIAMI Vice City | Sex & Smoke Shop
1.03 miles
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Brickell City Centre
1.13 miles
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The Shops at Mary Brickell Village
1.18 miles
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Whole Foods Market
1.22 miles
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Marshalls
1.26 miles
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Presidente Supermarket
1.27 miles
In-Depth Research Available for this Property
Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.
Contact Listing Broker
Ian Osorio
London Foster Realty