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21376722
21376723

2 Locations

RF
FL 3233005
Eleven Trust Real Estate Services
Listed by Eleven Trust Real Estate Services
$3,200,000
514 days on market
Updated 23 days ago

Marlins Park Apartments - 11 Units

Details
APN 01-4102-005-6680
Property Type Multifamily
Sub Type Apartment Building
Square Footage 10,404
Net Rentable (SqFt) 10,404
Units 11
Cap Rate 6.33%
NOI $202,570
Occupancy 100%
Pro-Forma Cap Rate 6.5%
Pro-Forma NOI $208,102
Price per SqFt $308
Broker Co-Op Yes
Class C
Year Built 1955/1971
Year Renovated 2020
Buildings 2
Stories 2
Lot Size (SqFt) 15,000
Zoning T5-L
Investment Type Stabilized
Occupancy Date 12/31/2024
Ownership Fee Simple

Multifamily | 11 Units | $290,909/unit

Marketing description

This investment opportunity is located in the vibrant and culturally rich neighborhood of Little Havana, Miami, FL. The property offers a diverse unit mix to meet various tenant needs: Two-Bedroom, One-Bedroom and Studio Apartments. Recent Renovations Significant updates have been completed to enhance tenant experience and maximize value: A newer roof was installed. Kitchens updated with modern granite countertops. Bathrooms upgraded with tubs converted to contemporary showers. All units also feature on-site parking, a valuable amenity in this high-demand area. Land and Development Potential The property spans a combined land area of 15,000 square feet across 1320 and 1321, offering tremendous development potential: Current Zoning: Allows up to 20 units by right. Rezoning Opportunity: Potential to develop nearly 50 units, significantly boosting property value and density. Investment Highlights Prime Location: Situated in Little Havana, a thriving and historically significant Miami neighborhood. Rental Upside: Minimal effort required to adjust rents to market levels, providing immediate opportunities to enhance cash flow. Vintage Appeal: Built between the 1950s and 1970s, the property combines architectural charm with modernized interiors. Future Development: Flexible zoning and land

Listing Contacts

RF
FL 3233005
Eleven Trust Real Estate Services
Listed by Eleven Trust Real Estate Services

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$202,570.00
$16,880.83/mo

Valuation Metrics

0
DSCR
6.33%
Cap Rate
6.33%
ROI

Map

Zoning

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T5-L MixedMixed UseUrban Center Transect Limited
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Last updated May 25, 2026 For deeper zoning details, reports are available at Zoneomics

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Property History

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Tax History

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