Log In/Sign Up
Your email has been sent.
1051 NW 2nd St
Miami, FL 33128
Havana Heights Apartments · Multifamily Property For Sale
·
20 Units
INVESTMENT HIGHLIGHTS
- Upside Through Professional Property Management
- Washer/Dryer Hookups in Each Unit
- Recently Completed Gut Renovation With Hurricane Impact Windows, PVC Plumbing, Upgraded Cabinets, Appliances, Mini Split AC's and More
EXECUTIVE SUMMARY
Marcus & Millichap is pleased to present Havana Heights Apartments, a fully renovated 20-unit multifamily property located in the heart of Miami, Florida. Built in 1925 and situated on a 0.17-acre lot, the property totals 13,285 gross square feet and features a desirable mix of eleven one-bedroom/one-bathroom units and nine two-bedroom/ one-bathroom units.
The property has undergone extensive capital improvements, positioning it as a turnkey, low-maintenance asset for investors. Recent upgrades include structural reinforcements, new impact-rated windows and doors, replacement of all sewer lines with PVC piping, and a complete modernization of the interior units. Each apartment has been upgraded with new cabinetry, appliances, updated bathrooms, and modern flooring. Additional enhancements include in-unit washer/dryer hookups, conversion from wall unit A/Cs to efficient mini-split systems, and refreshed exterior elements such as new stucco, paint, turf landscaping, and modern finishes. The roof was replaced in 2016, and the property has already completed its 40-year and 10-year recertifications (2015).
Ideally located near LoanDepot Park, home of the Miami Marlins, and just a few blocks from the vibrant Calle Ocho corridor, Havana Heights Apartments offers residents and investors alike a prime location at the crossroads of culture, entertainment, and economic growth. Its proximity to Downtown Miami, Brickell, and the Miami River District provides convenient access to major employment hubs, shopping, and dining destinations.
With its recently completed renovations, strong submarket fundamentals, and unbeatable location in one of Miami’s most dynamic and culturally rich neighborhoods, Havana Heights Apartments represents a rare opportunity to acquire a fully modernized, stabilized asset in the core of the city with upside through professional property management.
The property has undergone extensive capital improvements, positioning it as a turnkey, low-maintenance asset for investors. Recent upgrades include structural reinforcements, new impact-rated windows and doors, replacement of all sewer lines with PVC piping, and a complete modernization of the interior units. Each apartment has been upgraded with new cabinetry, appliances, updated bathrooms, and modern flooring. Additional enhancements include in-unit washer/dryer hookups, conversion from wall unit A/Cs to efficient mini-split systems, and refreshed exterior elements such as new stucco, paint, turf landscaping, and modern finishes. The roof was replaced in 2016, and the property has already completed its 40-year and 10-year recertifications (2015).
Ideally located near LoanDepot Park, home of the Miami Marlins, and just a few blocks from the vibrant Calle Ocho corridor, Havana Heights Apartments offers residents and investors alike a prime location at the crossroads of culture, entertainment, and economic growth. Its proximity to Downtown Miami, Brickell, and the Miami River District provides convenient access to major employment hubs, shopping, and dining destinations.
With its recently completed renovations, strong submarket fundamentals, and unbeatable location in one of Miami’s most dynamic and culturally rich neighborhoods, Havana Heights Apartments represents a rare opportunity to acquire a fully modernized, stabilized asset in the core of the city with upside through professional property management.
PROPERTY FACTS
| Price Per Unit | $250,000 | Apartment Style | Low-Rise |
| Sale Type | Investment | Building Class | C |
| Cap Rate | 6.92% | Lot Size | 0.16 AC |
| Gross Rent Multiplier | 9.42 | Building Size | 13,285 SF |
| No. Units | 20 | Average Occupancy | 95% |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built | 1925 |
| Zoning | T4-R - Transect Zone | ||
| Price Per Unit | $250,000 |
| Sale Type | Investment |
| Cap Rate | 6.92% |
| Gross Rent Multiplier | 9.42 |
| No. Units | 20 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.16 AC |
| Building Size | 13,285 SF |
| Average Occupancy | 95% |
| No. Stories | 3 |
| Year Built | 1925 |
| Zoning | T4-R - Transect Zone |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Cable Ready
- Dishwasher
- Microwave
- Washer/Dryer Hookup
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
SITE AMENITIES
- Laundry Facilities
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 9 | - | 700 |
| 1+1 | 11 | - | 635 |
PROPERTY TAXES
| Parcel Number | 01-4102-005-1630 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $2,491,501 |
PROPERTY TAXES
Parcel Number
01-4102-005-1630
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$2,491,501
1 of 12
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
