The Keyes Company
Listed by The Keyes Company
$8,800,000
KAYS EST
Details
APN 01-31-34-023-0010
Property Type Multifamily
Sub Type Apartment Building, Apartment/Condo
Square Footage 25,899
Units 27
NOI $541,296
Year Built 1974
Stories 4
Lot Size (SqFt) 18,731
Zoning 4600
Parking Spaces 45 spaces
Parking Per SqFt 1.74
Multifamily | 27 Units
Marketing description
Current cap rate: 6.25%. 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.
Listing Contacts
The Keyes Company
Listed by The Keyes Company
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$541,296.00
$45,108.00/mo
Valuation Metrics
0
DSCR
6.15%
Cap Rate
6.15%
ROI
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