Current cap rate: 7%. Exceptional 27-unit multifamily property in the heart of Little Havana. Strong and stable income with significant upside potential through rent adjustments or renovations. All units are currently under contract, with most leases recently renewed through May 2027, providing immediate income stability. Units rent quickly with minimal annual turnover, and the majority of tenants are long-term residents. Property features include central A/C, a new elevator, swimming pool, laundry facilities with new machines, impact windows and doors, and ample parking. Prime location just minutes from Brickell, Downtown Miami, and Coral Gables.
Miami-Dade County
34
25899
Central Individual A/C
Other
Central Individual A/C
Concrete Block Construction, CBS Construction
Funding
18731
No
No
Built-Up, Other
No
Commercial Sale
Income/MultiFamily
NA
1974
$70391
NA
NA
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