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1520 NW 1st St 7 Unit Apartment Building $1,575,000 ($225,000/Unit) 6.29% Cap Rate Miami, FL 33125
INVESTMENT HIGHLIGHTS
- Covered land play scenario on a Live-Local/SB112 eligible site for future development
- Option to convert to AirBnB, short-term rental, maximize existing density, convert to 11 units with existing structure
- Add-value opportunity to renovate building, configure large front building into 3 bedroom units
EXECUTIVE SUMMARY
Fausto Commercial presents Charwin Apartments: a charming Miami Spanish-style six-plex on a major commercial corridor. It offers two one-bed/one-bath units and four two-bed/one-bath units with spacious living areas. With a 5-year-old roof, this competitively priced property is ideal for renovation. Its historic architecture may qualify for tax abatements, credits, and restoration grants. Zoned T5-L, it's eligible for short-term rentals and the Live-Local program. The location ensures excellent connectivity to major roadways, highways, and nearby retail. With attractive unit sizes, competitive pricing, and a strategic location, this is a great opportunity for investors seeking immediate returns and long-term growth.
PROPERTY FACTS
AMENITIES
UNIT AMENITIES
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 1 | - | - |
| 2+2 | 4 | - | - |
| 3+2 | 1 | - | - |
1 1
Walk Score®
Walker's Paradise (90)
PROPERTY TAXES
| Parcel Number | 01-4102-006-0030 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $981,257 |
PROPERTY TAXES
Parcel Number
01-4102-006-0030
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$981,257
CONTACTS
-
Mauricio Villasuso -
Christopher Carbonell -
Carlos Fausto Miranda -
Fausto Commercial Realty Consultants
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1520 NW 1st St
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