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1580 SW 6th St 8 Unit Apartment Building $2,750,000 ($343,750/Unit) 4.92% Cap Rate Miami, FL 33135
Investment Highlights
- Great access to major retail, entertainment corridors
Executive Summary
In the heart of Little Havana lies this exceptional 8 unit multifamily income producing property that also has T4-L zoning allowing for AirBnB licensure and short-term rental. It’s stabilized with great rents. Two units are spacious 2-bedroom 1 bath units, the remaining 6 are 1-bedroom 1-bath, with a flat roof, individual parking on a spacious corner lot: making this a solid investment with development potential. The location offers accessibility and connectivity to Brickell, Downtown, the Health District, Calle Ocho and with this comes fine dining, chic shops, sidewalk cafes and picturesque parks, all are a brisk walk or drive away for residents who will be immersed in the vibrant culture of the area. Little Havana has been home to tycoons, adventurers, artists, writers, and investors have taken notice that this is the heart of the city. The housing demand is very high driving rents up, take advantage of this inflation proof investment and contact us immediately.
Property Facts Under Contract
| Price | $2,750,000 | Apartment Style | Low-Rise |
| Price Per Unit | $343,750 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.21 AC |
| Cap Rate | 4.92% | Building Size | 4,277 SF |
| No. Units | 8 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1951 |
| Zoning | T4-L - Multifamily | ||
| Price | $2,750,000 |
| Price Per Unit | $343,750 |
| Sale Type | Investment |
| Cap Rate | 4.92% |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.21 AC |
| Building Size | 4,277 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1951 |
| Zoning | T4-L - Multifamily |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 2 | - | - |
| 1+1 | 6 | - | - |
1 1
Exceptionally walkable
100/100
Fairly drivable
40/100
Good public transit
60/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 01-4102-006-5940 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $868,041 |
Property Taxes
Parcel Number
01-4102-006-5940
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$868,041
Contacts
-
Mauricio Villasuso -
Christopher Carbonell -
Elisa Barriga -
Lourdes Ramia -
Fausto Commercial Realty Consultants
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1580 SW 6th St
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