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1924 SW 9th St 5 Unit Apartment Building $1,695,000 ($339,000/Unit) 5.86% Cap Rate Miami, FL 33135
INVESTMENT HIGHLIGHTS
- Fully Leased
- Walking Distance to Calle Ocho
EXECUTIVE SUMMARY
Exceptional investment opportunity in the heart of Miami! This fully leased 5-unit multifamily property is generating a strong gross monthly income of $12,050, offering immediate cash flow. Situated just steps from Calle Ocho (8th Street), the property enjoys a prime Little Havana location within walking distance to world-famous restaurants, cafés, and cultural landmarks. With stable tenancy already in place, this property is a turnkey income-producing asset in one of Miami’s most dynamic and historically rich neighborhoods. This property offers the perfect blend of location, income, and long-term upside.
PROPERTY FACTS
| Price | $1,695,000 | Building Class | C |
| Price Per Unit | $339,000 | Lot Size | 0.18 AC |
| Sale Type | Investment | Building Size | 4,949 SF |
| Cap Rate | 5.86% | Average Occupancy | 100% |
| No. Units | 5 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1925 |
| Property Subtype | Apartment | Parking Ratio | 0.61/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | R-2, Miami - Property is Zoned T3 O | ||
| Price | $1,695,000 |
| Price Per Unit | $339,000 |
| Sale Type | Investment |
| Cap Rate | 5.86% |
| No. Units | 5 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.18 AC |
| Building Size | 4,949 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1925 |
| Parking Ratio | 0.61/1,000 SF |
| Zoning | R-2, Miami - Property is Zoned T3 O |
AMENITIES
UNIT AMENITIES
- Air Conditioning
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 5 | - | - |
1 1
Walk Score®
Walker's Paradise (92)
PROPERTY TAXES
| Parcel Number | 01-4110-010-0410 | Improvements Assessment | $592,860 |
| Land Assessment | $626,890 | Total Assessment | $1,219,750 |
PROPERTY TAXES
Parcel Number
01-4110-010-0410
Land Assessment
$626,890
Improvements Assessment
$592,860
Total Assessment
$1,219,750
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1924 SW 9th St
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