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120 SW 20th Ave
Miami, FL 33135
Casa Arcos · Multifamily Property For Sale
·
6 Units
Investment Highlights
- Diverse mix of two-bed, one-bed, and junior one-bed units
- Steps from Publix, restaurants, pharmacies, medical centers and schools
- Below market rents with strong upside potential
- Prime Little Havana location between Flagler Street & Calle Ocho, and East of 22nd Avenue
- Ideal T6-8-O zoning for future redevelopment
- 40/10-year recertification completed in February 2022
Executive Summary
Casa Arcos is an exceptionally located multifamily property situated in Little Havana’s central corridor between Flagler Street and Calle Ocho. This six-unit building features a diverse unit mix of junior one-bedroom, one-bedroom, and two-bedroom units. With a history of stable operations and significant upside potential with below market rents, this meticulously maintained property is being offered for sale for the first time in 14 years.
Positioned one block South of Flagler Street, the property offers immediate access to public transit, retail, dining, and vibrant nightlife. Within a two-block radius, residents can reach Publix, several supermarkets, pharmacies, medical centers, and restaurants, providing convenient access to daily amenities and major employment centers. The property is also located within half a mile of both Miami Senior High School and Citrus Grove K-8 School.
With strong location fundamentals, a balanced unit mix, and a sizable 5,940 square foot lot with T6-8-O zoning, 120 SW 20th Avenue offers significant upside potential through rent growth and operational enhancements. This asset is an attractive value-add opportunity for investors seeking to capitalize on Miami’s thriving multifamily market.
Positioned one block South of Flagler Street, the property offers immediate access to public transit, retail, dining, and vibrant nightlife. Within a two-block radius, residents can reach Publix, several supermarkets, pharmacies, medical centers, and restaurants, providing convenient access to daily amenities and major employment centers. The property is also located within half a mile of both Miami Senior High School and Citrus Grove K-8 School.
With strong location fundamentals, a balanced unit mix, and a sizable 5,940 square foot lot with T6-8-O zoning, 120 SW 20th Avenue offers significant upside potential through rent growth and operational enhancements. This asset is an attractive value-add opportunity for investors seeking to capitalize on Miami’s thriving multifamily market.
Property Facts
| Price Per Unit | $232,500 | Apartment Style | Low-Rise |
| Sale Type | Investment | Building Class | C |
| Cap Rate | 4.64% | Lot Size | 0.14 AC |
| Gross Rent Multiplier | 12.57 | Building Size | 2,304 SF |
| No. Units | 6 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1941 |
| Zoning | T6-8-O - Highly Favorable T6-8-O Zoning, Offering Endless Possibilities for Maximizing ROI with Open Zoning. | ||
| Price Per Unit | $232,500 |
| Sale Type | Investment |
| Cap Rate | 4.64% |
| Gross Rent Multiplier | 12.57 |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.14 AC |
| Building Size | 2,304 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1941 |
| Zoning | T6-8-O - Highly Favorable T6-8-O Zoning, Offering Endless Possibilities for Maximizing ROI with Open Zoning. |
Amenities
- Smoke Detector
Unit Amenities
- Air Conditioning
- Microwave
- Tile Floors
- Eat-in Kitchen
- Kitchen
- Refrigerator
- Oven
- Stainless Steel Appliances
- Range
- Tub/Shower
- Lawn
- Vinyl Flooring
- Window Coverings
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 3 | $1,275 | 250 |
| 1+1 | 1 | $1,600 | 370 |
| 2+1 | 1 | $1,900 | 550 |
| 2+1 | 1 | $1,900 | 634 |
Property Taxes
| Parcel Number | 01-4103-014-2970 | Improvements Assessment | $108,969 |
| Land Assessment | $534,600 | Total Assessment | $643,569 |
Property Taxes
Parcel Number
01-4103-014-2970
Land Assessment
$534,600
Improvements Assessment
$108,969
Total Assessment
$643,569
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