Corona Apartments 1760 SW 13th St 18 Unit Apartment Building $3,450,000 ($191,667/Unit) 5.54% Cap Rate Miami, FL 33145

The Corona Apartments is an 18-unit apartment building located in the highly sought after Shenandoah neighborhood. This desirable area offers a dynamic yet residential lifestyle, with frequent community events and easy access to neighborhood amenities such as Bryan Park, Shenandoah Park, the Shenandoah Branch Library, and the vibrant Calle Ocho corridor - each offering a variety of recreational, cultural, and dining experiences. Tucked within a peaceful residential pocket and surrounded by upscale single-family homes, the property provides both long-term stability and strong rental demand.
The property consists of 15 studio units (approximately 495 square feet) and three one-bedroom units (approximately 725 square feet), catering to a diverse tenant base. It also offers 14 designated, off-street parking spaces - a valuable amenity not commonly seen at comparable properties. Built in 1925 with concrete block construction and wood built-up roofs, the property has been meticulously maintained throughout its lifetime. The property sits on a lot just over a quarter-acre, offering a well-proportioned footprint for the 18-unit configuration.
Corona Apartments is being offered for $3,580,000, presenting a rare opportunity to acquire a well-maintained property in a highly desirable neighborhood. The property offers stable in-place rents and is well-positioned for long-term growth as the neighboring Little Havana Submarket is experiencing tremendous growth and revitalization. With its prime location, strong tenant demand, historic charm, rare amenities, and proximity to local hubs, this opportunity offers investors a stable asset with a strong upside in an evolving market.