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1035 NW 4th St 9 Unit Apartment Building $1,500,000 ($166,667/Unit) Miami, FL 33128
Executive Summary
1035 NW 4 Street offers investors a strong opportunity to secure an 8-unit multifamily asset in one of Little Havana’s most active growth pockets.
Situated on 7,500 SF of T4-zoned land, the property benefits from immediate proximity to the Miami River, Downtown Miami, Brickell, the Health District, and Calle Ocho. This is a strategic location for investors looking to enter or expand within a market seeing continued development momentum.
Offered at $1,500,000, the property comes in at approximately $187,500 per unit, a competitive basis for in-place multifamily in this area. Current rents are below market, creating a clear value-add opportunity for an investor to improve operations, refresh the asset, and capture rental upside. With a thoughtful cleanup and targeted improvements, the property is well positioned to close the gap between current performance and what a stabilized Little Havana multifamily asset can command.
Below-market rents. T4 land. Competitive basis. Clear value-add upside.
Situated on 7,500 SF of T4-zoned land, the property benefits from immediate proximity to the Miami River, Downtown Miami, Brickell, the Health District, and Calle Ocho. This is a strategic location for investors looking to enter or expand within a market seeing continued development momentum.
Offered at $1,500,000, the property comes in at approximately $187,500 per unit, a competitive basis for in-place multifamily in this area. Current rents are below market, creating a clear value-add opportunity for an investor to improve operations, refresh the asset, and capture rental upside. With a thoughtful cleanup and targeted improvements, the property is well positioned to close the gap between current performance and what a stabilized Little Havana multifamily asset can command.
Below-market rents. T4 land. Competitive basis. Clear value-add upside.
Property Facts
| Price | $1,500,000 | Building Class | C |
| Price Per Unit | $166,667 | Lot Size | 0.17 AC |
| Sale Type | Investment | Building Size | 3,700 SF |
| No. Units | 9 | No. Stories | 1 |
| Property Type | Multifamily | Year Built | 1953 |
| Property Subtype | Apartment | Parking Ratio | 2.93/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | R-3 | ||
| Price | $1,500,000 |
| Price Per Unit | $166,667 |
| Sale Type | Investment |
| No. Units | 9 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.17 AC |
| Building Size | 3,700 SF |
| No. Stories | 1 |
| Year Built | 1953 |
| Parking Ratio | 2.93/1,000 SF |
| Zoning | R-3 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 4 | - | 300 |
| 2+1 | 5 | - | 500 |
1 1
Exceptionally walkable
100/100
Fairly drivable
50/100
Strong public transit
80/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 01-4102-005-0820 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $951,859 |
Property Taxes
Parcel Number
01-4102-005-0820
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$951,859
Contacts
-
Christopher Carbonell -
Mauricio Villasuso -
Fausto Commercial Realty Consultants
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1035 NW 4th St
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