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33156923
33156922

48 NW 13TH AVE, MIAMI, FL 33125 For Sale

RF
FL 3233005
Eleven Trust Real Estate Services
Eleven Trust Real Estate Services
Listed by Eleven Trust Real Estate Services
$2,300,000
51 days on market
Updated 4 days ago

48 NW 13th Ave, Miami FL 33125

Details
APN 01-4102-005-9510
Property Type Multifamily
Square Footage 6,205
Units 8
Cap Rate 5.11%
NOI $117,421
Occupancy 100%
Pro-Forma Cap Rate 5.6%
Pro-Forma NOI $128,881
Price per SqFt $371
Year Built 1925
Buildings 1
Stories 2
Lot Size (SqFt) 5,000
Zoning T5-L

Remodel Multifamily Building in Little Havana

Marketing description

48 NW 13th Ave presents a rare opportunity to acquire a fully renovated 8-unit multifamily property in the heart of Little Havana, one of Miami’s most vibrant and rapidly evolving rental markets. Originally built in 1925, the property consists of (4) 2-Bedroom/1-Bathroom units and (4) 1-Bedroom/1-Bathroom units, offering an attractive unit mix for a broad tenant base.

The property has undergone extensive renovations including new impact windows, updated kitchens and bathrooms, modern flooring, and split A/C units throughout. The building contains 5,496 adjusted square feet and sits on a 5,000 square foot lot zoned T5-L, providing long-term flexibility and future upside potential.

Ideally located just steps from LoanDepot Park, nearby parks, restaurants, shopping, and public transportation, the property offers tenants exceptional convenience with easy access to Downtown Miami, Brickell, and major transportation corridors. This asset presents investors with a turnkey multifamily opportunity in one of Miami’s strongest urban rental corridors.

Investment highlights

Fully renovated 8-unit multifamily property located in the heart of Little Havana

Unit mix consists of (4) 2-Bedroom/1-Bathroom units and (4) 1-Bedroom/1-Bathroom units

Originally built in 1925

5,496 adjusted square feet situated on a 5,000 square foot lot

Zoned T5-L, offering long-term flexibility and redevelopment potential

Renovations include new impact windows, updated kitchens and bathrooms, modern flooring, and split A/C units throughout

Prime central location within walking distance to LoanDepot Park, parks, restaurants, and shopping

Easy access to public transportation, Downtown Miami, Brickell, and major highways

Turnkey investment opportunity in one of Miami’s strongest urban rental markets

Listing Contacts

RF
FL 3233005
Eleven Trust Real Estate Services
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
$117,421.00
$9,785.08/mo

Valuation Metrics

0
DSCR
5.11%
Cap Rate
5.11%
ROI

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