

Building
10 Apartment building located in Sweetwater, Florida
Marketing description
Unique opportunity to acquire a well-maintained 10-unit apartment building in the heart of Sweetwater, just blocks from FIU's main campus. Property consists of 5 spacious 2BR/1BA units and 5 1BR/1BA units with long-term tenants in place. Located within the FIU University District, benefiting from strong rental demand and future development potential. The site spans from SW 3rd Street to SW 4th Street, offering exceptional access and a rare full-block footprint. Low operating expenses, 40-Year Recertification completed, and Certificate of Use (CU) in place. Current NET income approximately $177,000 annually with upside through future rent increases. Current return approximately 5% CAP rate, projected to increase to approximately 5.5% by December 2026/January 2027. Contact broker for details.
Investment highlights
- ONE OF A KIND LOCATION
- PLENTY OF ROOM FOR INCOME INCREASE
- PROPERTY IS IN VERY GOOD CONDITION
- PLENTY OF PARKING
- EXTRA LARGE LOT
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