Log In/Sign Up
Your email has been sent.
1236-1238 1234 SW 4th St 8 Unit Apartment Building $1,850,000 ($231,250/Unit) 8.98% Cap Rate Miami, FL 33135
Investment Highlights
- Heavy foot traffic
- Walking distance to Calle 8 and Hospital District
- Lots of Natural Lights
Executive Summary
THE 40-YEAR RECERTIFICATION HAS BEEN SUCCESSFULLY COMPLETED IN 2025
Investor’s Dream! Multifamily property featuring 8 fully rented units in the heart of Little Havana, just steps from the iconic Calle Ocho, and minutes from Brickell, Downtown, and the Health District. This income-producing asset offers strong cash flow with long-term tenants, additional laundry income, impact windows, and a new roof. Prime walkable location with consistent rental demand—don’t miss this rare opportunity! T5-0 zoning in Miami establishes a dynamic, mixed-use environment optimized for walkable urban communities, allowing a wide range of uses by right—including residential, commercial, entertainment, and lodging.
Investor’s Dream! Multifamily property featuring 8 fully rented units in the heart of Little Havana, just steps from the iconic Calle Ocho, and minutes from Brickell, Downtown, and the Health District. This income-producing asset offers strong cash flow with long-term tenants, additional laundry income, impact windows, and a new roof. Prime walkable location with consistent rental demand—don’t miss this rare opportunity! T5-0 zoning in Miami establishes a dynamic, mixed-use environment optimized for walkable urban communities, allowing a wide range of uses by right—including residential, commercial, entertainment, and lodging.
Financial Summary (Actual - 2024) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$210,000
|
$28.03
|
| Other Income |
$5,000
|
$0.67
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$215,000
|
$28.70
|
| Taxes |
$18,954
|
$2.53
|
| Operating Expenses |
$43,700
|
$5.83
|
| Total Expenses |
$62,654
|
$8.36
|
| Net Operating Income |
$152,346
|
$20.33
|
Financial Summary (Actual - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $210,000 |
| Annual Per SF | $28.03 |
| Other Income | |
|---|---|
| Annual | $5,000 |
| Annual Per SF | $0.67 |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $215,000 |
| Annual Per SF | $28.70 |
| Taxes | |
|---|---|
| Annual | $18,954 |
| Annual Per SF | $2.53 |
| Operating Expenses | |
|---|---|
| Annual | $43,700 |
| Annual Per SF | $5.83 |
| Total Expenses | |
|---|---|
| Annual | $62,654 |
| Annual Per SF | $8.36 |
| Net Operating Income | |
|---|---|
| Annual | $152,346 |
| Annual Per SF | $20.33 |
Property Facts
Amenities
Unit Amenities
- Kitchen
- Refrigerator
- Oven
Site Amenities
- Laundry Service
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 4+2 | 1 | $6,000 | - |
| 2+1 | 1 | $2,100 | - |
| 3+2 | 1 | $2,700 | - |
| 1+1 | 1 | $1,800 | - |
| Studios | 1 | $1,500 | - |
| 2+1 | 1 | $1,900 | - |
| 1+1 | 1 | $1,500 | - |
1 1
Walk Score®
Walker's Paradise (95)
Property Taxes
| Parcel Number | 01-4102-006-4060 | Total Assessment | $1,084,140 (2025) |
| Land Assessment | $0 (2025) | Annual Taxes | $18,954 ($2.53/SF) |
| Improvements Assessment | $0 (2025) | Tax Year | 2024 |
Property Taxes
Parcel Number
01-4102-006-4060
Land Assessment
$0 (2025)
Improvements Assessment
$0 (2025)
Total Assessment
$1,084,140 (2025)
Annual Taxes
$18,954 ($2.53/SF)
Tax Year
2024
1 of 22
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
Ugarit Realty
1236-1238 | 1234 SW 4th St
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.
Your message has been sent!
Activate your LoopNet account now to track properties, get real-time alerts, save time on future inquiries, and more.