Listed by Porosoff Group
$7,550,000
Calle Ocho Multifamily & Retail - Javier Ubeda 305 766-1864
Details
Property Type Land, Multifamily
Sub Type Apartment Building, Commercial
Square Footage 27,300
Net Rentable (SqFt) 18,438
Units 27
Cap Rate 5.38%
NOI $406,358
Occupancy 100%
Pro-Forma Cap Rate 6.09%
Pro-Forma NOI $459,867
Price per SqFt $277
Broker Co-Op Yes
Year Built Various
Year Renovated 2022
Buildings 7
Stories 2
Lot Size (SqFt) 27,300
Zoning T6-8-O
Investment Type Value Add
Occupancy Date 04/22/2025
Ownership Fee Simple
In-Place NOI $406,000 - 27,300 Sq Ft of Land with 4 Retail + 23 Apartment Units
Marketing description
Rare opportunity to acquire 4 retail + 23 apartments units on World Famous Calle Ocho (SW 8th Street)
In-place Net Operating Income of $406,000 with significant upside in rental income
100% occupied 23 parking spaces (1 per unit) and on-site laundry facility
27,300 sq ft of land with liberal zoning T-6 and T-5
40/50 Year Recertifications completed
67 apartment units plus ground floor retail buildable as-of-right
Investment highlights
Rare opportunity to acquire 4 retail + 23 apartments units on World Famous Calle Ocho (SW 8th Street)
In-place Net Operating Income of $406,000 with significant upside in rental income
100% occupied 23 parking spaces (1 per unit) and on-site laundry facility
27,300 sq ft of land with liberal zoning T-6 and T-5
40/50 Year Recertifications completed
67 apartment units plus ground floor retail buildable as-of-right
Listing Contacts
Listed by Porosoff Group
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Loan Amount
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Annual Debt Service
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Annual Cash Flow
$406,358.00
$33,863.17/mo
Valuation Metrics
0
DSCR
5.38%
Cap Rate
5.38%
ROI
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