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Browse More Listings in Multifamily For Sale, Miami, FL or Florida

Multifamily Property For Sale

1567 Southwest 4th Street

1567 Southwest 4th Street, Miami, FL 33135

Price:
$725,000
No. Units:
12
Building Size:
6,076 SF
Price/Unit:
$60,416.67
Property Type:
Multifamily
Property Sub-type:
Garden/Low-Rise
Property Use Type:
Investment
Commission Split:
6%
Cap Rate:
7.54%
Gross Rent Multiplier:
7.07
Occupancy:
95%
No. Stories:
12
Year Built:
1926
Lot Size:
5,000 SF
Find Out More...

Last Verified 10/26/2009 Listing ID 16176176

Highlights

Historically High Occupancy
Desirable Little Havana Submarket
Eight Two-Bedroom/One-Bathroom, Four One-Bedroom/One-Bathroom

Easy to Manage

Description

The subject property is a vintage 1926 Old Spanish-style apartment building conveniently located in the heart of the Little Havana submarket in the city of Miami, Florida.

The subject property is constructed of concrete block and stucco and consists of eight two-bedroom/one-bathroom and four one-bedroom/one-bathroom apartment units.

1567 Southwest 4 Street is an excellent opportunity for an investor to control rental units in an extremely stable submarket.

Little Havana is one of the strongest rental markets in Miami, due to it being the cultural epicenter of Miami's Latin community and its proximity to transportation, employment centers, shopping and downtown Miami.

Financial Summary

Unit Mix Information

Debt & Equity Information

Actual
Year
2009
Scheduled Gross Income
$102,600
Effective Gross Income
$97,470
Operating Expenses
$42,808
Net Operating Income
$54,663

Description	No. Units	Avg. Mo. Rent	Sq. Ft.
2Bdr 1Bath	8	$775	535
1Bdr 1Bath	4	$625	449

Map of 1567 Southwest 4th Street, Miami, FL 33135 (Miami-Dade County)

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Created 4/1/2009

Additional Information for 1567 Sw 4th Street, Miami, FL 33135

Active For Sale - 1 Listing
Active For Lease - 0 Listing
Previously Listed - 2 Historic Listings
Sales Comparables Available - 1 RecentSales Record

View additional information for the property view other currently active listings, previous listings, sales comparables, public records, and county records data for this address.

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The information above has been obtained from sources believed reliable. While we do not doubt its accuracy we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions, or estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial, and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.

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Multifamily Property For Sale - 1567 Southwest 4th Street

1567 Southwest 4th Street, Miami, FL, 33135