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Exceptional investment opportunity in the heart of Little Havana. This income-producing asset consists of two detached buildings featuring a uniform mix of six fully renovated 2-bedroom, 1-bathroom units. Operating with an efficient 31.83% expense ratio, the property generates a Net Operating Income (NOI) of $115,144.50, representing an approximate 6.98% cap rate based on a $1,649,000 purchase price. Ownership has invested over $200,000 in recent capital improvements, helping minimize future capital expenditures and offering a turnkey ownership opportunity. Major upgrades include complete interior renovations (2022), new permitted roofs (2024), new exterior stucco and paint (2024), roof-mounted mini-split HVAC systems (2024), plumbing improvements, and fully upgraded electrical systems with new main service entries and meter boxes (2025/2026). For additional confidence, the City of Miami 40- and 50-year structural recertifications have been fully completed and approved. Ideally located near Brickell, Downtown Miami, the Health District, and major employment and transportation corridors, the property benefits from strong rental demand and long-term appreciation potential associated with Miami's continued growth and development. A stabilized multifamily asset with established income, extensive recent improvements, completed recertifications, and a central Little Havana location.
| Address | Unit # | Price | %Chng | Bed/Bath | Square Feet | Square m2 | Maint/$ |
|---|---|---|---|---|---|---|---|
| 915 SW 9th Ct | $495,000 | 2/1 | 1,114 | 103 | $0 | ||
| 844 SW 8th Ct | $900,000 | 3/2 | 1,460 | 136 | $0 | ||
| 2828 SW 7th | $1,300,000 | 3/3 | 3,064 | 285 | $0 | ||
| 1228 SW 17th St | $1,420,000 | 3/2 | 1,755 | 163 | $0 | ||
| 801 SW 24th Rd | $1,495,000 | 3/2 | 1,726 | 160 | $0 | ||
| 500 SW 8th Ave | $1,649,999 | 12/6 | 4,658 | 433 | $0 | ||
| 520 SW 22 rd | $1,898,000 | 7/4 | 3,442 | 320 | $0 | ||
| 236 SW 28th Rd | $1,900,000 | 3/2 | 1,156 | 107 | $0 | ||
| 440 SW 29th Rd | $2,399,000 | 4/3 | 2,674 | 248 | $0 | ||
| 530 SW 18th Ter | $2,399,000 | 4/4 | 2,023 | 188 | $0 | ||
| 2805 SW 4th Ave | $2,495,000 | 3/3 | 2,689 | 250 | $0 | ||
| 360 SW 28th Rd | $2,499,000 | 5/4 | 4,033 | 375 | $0 | ||
| 900 SW 24th Rd | $2,500,000 | 4/4 | 0 | 0 | $0 | ||
| 910 SW 24th Rd | $2,600,000 | 4/4 | 3,822 | 355 | $0 | ||
| 1651 SW 13th Ave | $2,950,000 | 6/6 | 4,496 | 418 | $0 |
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