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Casa Arcos 120 SW 20th Ave 6 Unit Apartment Building $1,250,000 ($208,333/Unit) 5.18% Cap Rate Miami, FL 33135
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.
Financial Summary (Actual - 2026) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$111,000
|
$48.18
|
| Other Income |
$600
|
$0.26
|
| Vacancy Loss |
$5,550
|
$2.41
|
| Effective Gross Income |
$106,050
|
$46.03
|
| Taxes |
$12,864
|
$5.58
|
| Operating Expenses |
$28,450
|
$12.35
|
| Total Expenses |
$41,314
|
$17.93
|
| Net Operating Income |
$64,736
|
$28.10
|
Financial Summary (Actual - 2026)
| Gross Rental Income | |
|---|---|
| Annual | $111,000 |
| Annual Per SF | $48.18 |
| Other Income | |
|---|---|
| Annual | $600 |
| Annual Per SF | $0.26 |
| Vacancy Loss | |
|---|---|
| Annual | $5,550 |
| Annual Per SF | $2.41 |
| Effective Gross Income | |
|---|---|
| Annual | $106,050 |
| Annual Per SF | $46.03 |
| Taxes | |
|---|---|
| Annual | $12,864 |
| Annual Per SF | $5.58 |
| Operating Expenses | |
|---|---|
| Annual | $28,450 |
| Annual Per SF | $12.35 |
| Total Expenses | |
|---|---|
| Annual | $41,314 |
| Annual Per SF | $17.93 |
| Net Operating Income | |
|---|---|
| Annual | $64,736 |
| Annual Per SF | $28.10 |
Property Facts
| Price | $1,250,000 | Apartment Style | Low-Rise |
| Price Per Unit | $208,333 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.14 AC |
| Cap Rate | 5.18% | Building Size | 2,304 SF |
| Gross Rent Multiplier | 11.26 | Average Occupancy | 100% |
| No. Units | 6 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1941 |
| Property Subtype | Apartment | ||
| Zoning | T6-8-O - Highly Favorable T6-8-O Zoning, Offering Endless Possibilities for Maximizing ROI with Open Zoning. | ||
| Price | $1,250,000 |
| Price Per Unit | $208,333 |
| Sale Type | Investment |
| Cap Rate | 5.18% |
| Gross Rent Multiplier | 11.26 |
| 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 | 4 | $1,400 | 250 - 370 |
| 2+1 | 2 | $1,900 | 550 - 634 |
1 1
Exceptionally walkable
90/100
Fairly drivable
40/100
Good public transit
60/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 01-4103-014-2970 | Total Assessment | $643,569 (2025) |
| Land Assessment | $534,600 (2025) | Annual Taxes | $12,864 ($5.58/SF) |
| Improvements Assessment | $108,969 (2025) | Tax Year | 2026 |
Property Taxes
Parcel Number
01-4103-014-2970
Land Assessment
$534,600 (2025)
Improvements Assessment
$108,969 (2025)
Total Assessment
$643,569 (2025)
Annual Taxes
$12,864 ($5.58/SF)
Tax Year
2026
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Casa Arcos | 120 SW 20th Ave
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