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PURA VIDA ~ 6% CAP ~ BRAND NEW LUXURY BLDG 1037 NW 2nd St 10 Unit Apartment Building $3,775,000 ($377,500/Unit) 6.28% Cap Rate Miami, FL 33128



Investment Highlights
- Rooftop terrace with panoramic sunrise / sunset views of Brickell & Downtown Miami!!
- In-unit washer & dryer (rare and highly sought-after)!
- Covered private, gated parking (EV also) for ultimate security!
- BRAND NEW 10 UNIT BUILDING = You decide to do Short-Term / Co-Living or annual leases!
- SELLER FINANCING AVAILABLE = Based on price and terms!
- 10 minutes to Brickell / Downtown / MIA Airport!
Executive Summary
~ JUST REDUCED ~ BRAND NEW 10 UNITS = 6% CAP RATE!! Design-Led Investment in Little Havana / NW Brickell / Riverside! Discover this Italian-inspired, newly built 10-unit multifamily gem in one of Miami’s fastest-growing, culturally rich areas. Crafted with award-winning Crelux Designs, it offers architectural elegance, income efficiency, and up to 10-year builder warranties for low maintenance. Each unit features custom dual-tone kitchens, stainless steel appliances, designer baths, wood-look porcelain floors, LED lighting, central AC, & in-unit washers/dryers. Residents enjoy a rooftop deck with sweeping views from Brickell to South Beach, a private backyard with BBQ lounge, EV-ready covered parking, & elevator. Designed to drive premium rents & attract quality tenants. Seller financing option!
A Rare, Design-Led Investment Opportunity in the Heart of Little Havana / Spring Garden / Riverside!!
Introducing an Italian inspired standout opportunity in one of Miami’s fastest-growing and most culturally vibrant
neighborhoods. This newly built, 10-unit multifamily property—expertly crafted in partnership with the award-winning
Crelux Designs—combines architectural sophistication with income-generating efficiency.
Purposefully constructed from the ground up, the building comes with builder warranties of up to 10 years, providing
long-term peace of mind and significantly reduced maintenance costs. Every unit has been meticulously finished to
deliver above-market rental income and attract high-quality, long-term residents.
Each residence features dual-tone custom kitchens, sleek stainless steel appliances, designer bathrooms with
premium tile finishes, central air conditioning, wood-look porcelain tile flooring, LED linear lighting, and—most notably
—in-unit washers and dryers, a rare and valuable amenity in this submarket.
The building elevates resident lifestyle with thoughtfully integrated shared spaces, including a sensational rooftop
deck with panoramic luscious sunrise / sunset views of Brickell, downtown Miami, & all the way to South Beach; a
private backyard lounge with BBQ grill and sun seating, EV-ready covered parking, and elevator access——all
contributing to high resident satisfaction and rental upside.
Whether you're seeking a premium asset for a 1031 exchange, expanding a high-performing portfolio, or acquiring a
low-maintenance, design-forward legacy building—this property delivers lasting value, modern functionality, and
strong rental demand in a red-hot rental corridor
A brand-new, Italian inspired, architecturally curated 10-unit apartment building in Little Havana,
professionally designed by Crelux Designs. Built for long-term performance and resident appeal, every
unit is outfitted with high-end finishes and rare conveniences like in-unit laundry. With up to 10 years of
builder warranties and no immediate maintenance needs, this is a low-risk, high-upside turnkey
investment in a thriving Miami neighborhood.
HIGHLIGHTS & AMENITIES
Contemporary architecture and interior design by Crelux Designs
Dual-tone custom kitchens with stainless steel appliances
Designer bathrooms with luxury tile finishes
In-unit washer & dryer (rare and highly sought-after)
LED linear lighting and wood-look tile flooring throughout
Central air conditioning
Rooftop terrace with panoramic sunrise / sunset views of Brickell & Downtown Miami
Private backyard lounge with BBQ grill and seating
Elevator access
Covered parking with EV charging capability
A Rare, Design-Led Investment Opportunity in the Heart of Little Havana / Spring Garden / Riverside!!
Introducing an Italian inspired standout opportunity in one of Miami’s fastest-growing and most culturally vibrant
neighborhoods. This newly built, 10-unit multifamily property—expertly crafted in partnership with the award-winning
Crelux Designs—combines architectural sophistication with income-generating efficiency.
Purposefully constructed from the ground up, the building comes with builder warranties of up to 10 years, providing
long-term peace of mind and significantly reduced maintenance costs. Every unit has been meticulously finished to
deliver above-market rental income and attract high-quality, long-term residents.
Each residence features dual-tone custom kitchens, sleek stainless steel appliances, designer bathrooms with
premium tile finishes, central air conditioning, wood-look porcelain tile flooring, LED linear lighting, and—most notably
—in-unit washers and dryers, a rare and valuable amenity in this submarket.
The building elevates resident lifestyle with thoughtfully integrated shared spaces, including a sensational rooftop
deck with panoramic luscious sunrise / sunset views of Brickell, downtown Miami, & all the way to South Beach; a
private backyard lounge with BBQ grill and sun seating, EV-ready covered parking, and elevator access——all
contributing to high resident satisfaction and rental upside.
Whether you're seeking a premium asset for a 1031 exchange, expanding a high-performing portfolio, or acquiring a
low-maintenance, design-forward legacy building—this property delivers lasting value, modern functionality, and
strong rental demand in a red-hot rental corridor
A brand-new, Italian inspired, architecturally curated 10-unit apartment building in Little Havana,
professionally designed by Crelux Designs. Built for long-term performance and resident appeal, every
unit is outfitted with high-end finishes and rare conveniences like in-unit laundry. With up to 10 years of
builder warranties and no immediate maintenance needs, this is a low-risk, high-upside turnkey
investment in a thriving Miami neighborhood.
HIGHLIGHTS & AMENITIES
Contemporary architecture and interior design by Crelux Designs
Dual-tone custom kitchens with stainless steel appliances
Designer bathrooms with luxury tile finishes
In-unit washer & dryer (rare and highly sought-after)
LED linear lighting and wood-look tile flooring throughout
Central air conditioning
Rooftop terrace with panoramic sunrise / sunset views of Brickell & Downtown Miami
Private backyard lounge with BBQ grill and seating
Elevator access
Covered parking with EV charging capability
Financial Summary (Pro Forma - 2025) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$277,200
|
$39.60
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$277,200
|
$39.60
|
| Taxes |
$48,000
|
$6.86
|
| Operating Expenses |
$37,620
|
$5.37
|
| Total Expenses |
$85,620
|
$12.23
|
| Net Operating Income |
$191,580
|
$27.37
|
Financial Summary (Pro Forma - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $277,200 |
| Annual Per SF | $39.60 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $277,200 |
| Annual Per SF | $39.60 |
| Taxes | |
|---|---|
| Annual | $48,000 |
| Annual Per SF | $6.86 |
| Operating Expenses | |
|---|---|
| Annual | $37,620 |
| Annual Per SF | $5.37 |
| Total Expenses | |
|---|---|
| Annual | $85,620 |
| Annual Per SF | $12.23 |
| Net Operating Income | |
|---|---|
| Annual | $191,580 |
| Annual Per SF | $27.37 |
Property Facts
Amenities
Unit Amenities
- Air Conditioning
- Dishwasher
- Microwave
- Washer/Dryer
- Tile Floors
- High Speed Internet Access
- Refrigerator
- Oven
- Stainless Steel Appliances
- Views
Site Amenities
- 24 Hour Access
- Courtyard
- Fenced Lot
- Laundry Facilities
- Picnic Area
- Gated
- Grill
- Pet Play Area
- Storage Space
- Bicycle Storage
- Car Charging Station
- Elevator
- Lounge
- Multi Use Room
- Sundeck
- Fiber Optic Internet
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 4 | $1,800 | 550 |
| 2+1 | 6 | $2,650 | 730 |
1 1
Walk Score®
Very Walkable (89)
Property Taxes
| Parcel Number | 01-4102-005-1650 | Total Assessment | $501,189 |
| Land Assessment | $0 | Annual Taxes | $48,000 ($6.86/SF) |
| Improvements Assessment | $0 | Tax Year | 2025 |
Property Taxes
Parcel Number
01-4102-005-1650
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$501,189
Annual Taxes
$48,000 ($6.86/SF)
Tax Year
2025
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PURA VIDA ~ 6% CAP ~ BRAND NEW LUXURY BLDG | 1037 NW 2nd St
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