Listed by LUXE Capital Advisors
$3,775,000
1037 NW 2nd St
Details
APN 01-41-02-005-1650
Property Type Multifamily
Sub Type Apartment Building, Apartment/Condo
Square Footage 6,098
Tenancy Multi
Class A
Year Built 2026
Buildings 1
Stories 3
Lot Size (SqFt) 7,000
Zoning 3900
Parking Spaces 6 spaces
Parking per 1,000 SqFt 0.98
Multifamily
Marketing description
Newly constructed 10-unit multifamily asset in the rapidly growing East Little Havana submarket of Miami.
The building features a well-balanced unit mix of FOUR studio apartments and SIX two-bedroom residences, designed to appeal to a wide range of tenants, including young professionals, medical employees, and small families. Each unit includes modern kitchens, stainless steel appliances, porcelain tile flooring, central air conditioning, and an in-unit washer and dryer, providing a contemporary living experience that supports strong tenant demand.
Based on current market rents, the property has the potential to generate approximately $22,000 in gross monthly income, or $264,000 annually, representing an estimated capitalization rate of approximately 6 percent.
Investment highlights
- Turnkey, Brand-New Construction: Built in 2026, this asset offers the ultimate low-maintenance experience, minimizing CapEx and coming fully backed by up to 10-year builder warranties—perfect for investors seeking zero-headache, stable income.
- Highly Desirable Location: Situated in the rapidly expanding East Little Havana submarket (1037 NW 2nd St), placing tenants just minutes from massive employment and lifestyle hubs like Downtown Miami, Brickell, the Miami Health District, and LoanDepot Park.
- Strong, Stabilized Financials: Generating a robust gross annual income of roughly $264,000, the property boasts exceptionally lean day-to-day operating expenses (due to new build efficiencies), supporting an estimated cap rate of ~5% to 6% at the current $3,775,000 pricing.
- Balanced & In-Demand Unit Mix: Features 10 units (four studios and six 2-bed/1-bath units) equipped with condo-quality interiors, including custom dual-tone kitchens, stainless steel appliances, porcelain tile, central A/C, and in-unit washers and dryers to maximize rent growth and tenant retention.
- Premium Boutique Amenities: Separates itself completely from older comparable inventory with luxury features rarely found in 10-unit buildings, including a private courtyard with a BBQ lounge, an elevator, EV-ready covered parking, and a stunning rooftop deck offering skyline views from Brickell to South Beach.
Listing Contacts
Listed by LUXE Capital Advisors
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