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1029 SW 5th St 16 Unit Apartment Building $3,700,000 ($231,250/Unit) Miami, FL 33130
INVESTMENT HIGHLIGHTS
- Modern Upgrades
- Long-term equity
- Cash Flow
EXECUTIVE SUMMARY
Rare opportunity to acquire a fully renovated 16-unit multifamily building in Miami’s
Little Havana. Blending modern upgrades with historic charm and a timeless façade,
the property features a desirable unit mix on a 7,500 SF lot, offering immediate cash
flow and long-term equity growth.
A comprehensive 2024 renovation has already been completed, allowing a new owner
to step into a fully stabilized, turnkey asset poised for immediate performance.
The property is conveniently located steps away from Calle Ocho with simple access
to major employment hubs, including Brickell, Downtown Miami, Port Miami, MIA,
Allapatah, Hialeah, and Coral Gables.
Little Havana. Blending modern upgrades with historic charm and a timeless façade,
the property features a desirable unit mix on a 7,500 SF lot, offering immediate cash
flow and long-term equity growth.
A comprehensive 2024 renovation has already been completed, allowing a new owner
to step into a fully stabilized, turnkey asset poised for immediate performance.
The property is conveniently located steps away from Calle Ocho with simple access
to major employment hubs, including Brickell, Downtown Miami, Port Miami, MIA,
Allapatah, Hialeah, and Coral Gables.
PROPERTY FACTS
| Price | $3,700,000 | Building Class | C |
| Price Per Unit | $231,250 | Lot Size | 0.17 AC |
| Sale Type | Investment | Building Size | 10,700 SF |
| No. Units | 16 | Average Occupancy | 32% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1925 |
| Apartment Style | Low-Rise | ||
| Zoning | T4-R - Multifamily | ||
| Price | $3,700,000 |
| Price Per Unit | $231,250 |
| Sale Type | Investment |
| No. Units | 16 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.17 AC |
| Building Size | 10,700 SF |
| Average Occupancy | 32% |
| No. Stories | 2 |
| Year Built | 1925 |
| Zoning | T4-R - Multifamily |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Refrigerator
- Range
SITE AMENITIES
- Courtyard
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 8 | - | - |
| 2+1 | 8 | - | - |
1 1
Walk Score®
Walker's Paradise (94)
PROPERTY TAXES
| Parcel Number | 01-4102-005-4300 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $1,754,661 |
PROPERTY TAXES
Parcel Number
01-4102-005-4300
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$1,754,661
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1029 SW 5th St
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