Listing Summary
An extraordinary residential investment acquisition opportunity in Miami, Florida: a fully operating 6-unit multifamily apartment building positioned on an approx. 7,500 sq. ft. lot in the heart of Little Havana. Offered as a turnkey income-producing asset, the property features an approx. 4,762 sq. ft. two-story structure constructed in 1970 with upgraded/remodeled unit interiors. Complete with dedicated on-site assigned tenant parking and laundry facilities, this cash-flowing asset delivers strong immediate rental yield, low operational vacancy, and long-term capital appreciation potential near major Miami employment hubs like Brickell and Downtown Miami.
Full Description
Premier Central Miami Location & Rental Demand
Situated in the historic and rapidly growing neighborhood of Little Havana, this 6-unit multifamily property benefits from constant tenant demand driven by its proximity to Miami’s primary employment centers. Positioned within walking distance of local shopping districts, dining, and main public transit lines, residents enjoy rapid commute access to Downtown Miami, the Health District, Brickell, and the SR-836 (Dolphin Expressway).
Property Configuration & Upgraded Interiors
Built in 1970, the approx. 4,762 sq. ft. building sits on a spacious approx. 7,500 sq. ft. lot. The property encompasses six individual apartment units, several of which feature remodeled kitchens, upgraded flooring, and updated bathrooms. The structural layout ensures efficient maintenance overhead, while the site incorporates dedicated off-street assigned parking and an on-site tenant laundry room for added comfort and utility.
Value-Add & Covered Land Investment Strategy
As rental rates in South Florida continue to climb, this 6-unit asset offers private investors, 1031 exchange buyers, or portfolio managers an attractive risk-adjusted yield. Incoming ownership can immediately capture upside by aligning Rents with current market rates while holding a valuable piece of urban infill real estate in one of South Florida's premier submarkets.
Quick Glance
- Listing ID:
CL-Florida-28889
- Status:
Active
- Year Build:
1970
- Building Size:
4,762 SqFt
- Lot Size:
7,500.00 SqFt
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