Florida Home Sales and Invest.
Listed by Florida Home Sales and Invest.
$3,775,000
Little Havana
Details
Property Type Multifamily
Sub Type Apartment Building, Apartment/Condo
Square Footage 12,825
Units 18
Cap Rate 6.00%
NOI $251,180
Year Built 1925
Year Renovated 2010
Stories 3
Zoning T4-R
Parking Spaces 9
Multifamily | 6.00% CAP | 18 Units
Marketing description
OLD SPANISH STYLE BUILDING , MINUTES FROM DOWNTOWN MIAMI WITH WALKING DISTANCE FROM BRICKELL . BUILDING WAS TOTAL RENOVATED IN 2010. ROOF WAS REDONE IN 2006. SEVERAL OF THE AC UNITS AND APPLIANCES HAVE BEEN REPLACE SINCE THEN. EXTERIOR OF BUILDING PAINT MARCH 30,2025. PLEASE DO NOT DISTURB TENANTS. 50 YEAR PLUS RE-CERTIFICATION COMPLETE IN JULY 2025 , SEE ATTACHMENTS. WILL SHOW AFTER A SIGNED LETTER OF INTENT OR CONTRACT
Investment highlights
- Renovated in 2010
- Roof redone in 2006
- Exterior completely repainted in March 2025
- Impact windows
- Central AC
- Proximity to downtown and Brickell
- Zone T4-R
- Net Income equals $ 251,180
- Gross Annual Income equals $ 338,440
- Total Annual Expenses equals $ 87,259
- Cap Rate equals 6%
Listing Contacts
Florida Home Sales and Invest.
Listed by Florida Home Sales and Invest.
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$251,180.00
$20,931.67/mo
Valuation Metrics
0
DSCR
6.65%
Cap Rate
6.65%
ROI
Map
Zoning
T4-R MixedMixed UseGeneral Urban Transect Restricted
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View all 49 uses
View all 49 uses Last updated May 25, 2026 For deeper zoning details, reports are available at Zoneomics
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