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2001 S.W. 6th St
Miami, FL 33135
Multifamily Property For Sale
·
12 Units


Investment Highlights
- Well located Little Havana Submarket
- On-site parking
- Impact windows
- Very strong rental market, Upside in rental income
- Updated Electric
- Minisplit air-conditioning
Executive Summary
2001 SW 6th Street offers an investor the opportunity to acquire the property and immediately add value by increasing the rental income to market levels. The current rent is about $225 below market rents for similar buildings. The building is a 12- unit, two-story residential building with all one-bedroom & one bathroom units with about 669 SF. The property has off-street parking on the east side of the property and the electric has been updated throughout the property. The building has impact windows and the units have mini split air conditioning systems. The building has a T4-R zoning and is situated on a .22 acre lot. The tenants are responsible for electric and the owner pays for water, sewer and trash removal.
2001 SW 6th Street is located on SW 6th Street between SW 17th Avenue and SW 22nd Avenue and several blocks from Domino Park. The property’s neighborhood is located between Flagler Street and SW 8th Street, two main retail and commercial corridors. The area is very densely populated and is a very strong rental market. Little Havana extremely high occupancy can be contributed to its excellent location right in the middle of South Florida’s major employment centers including the Health District to the north, Downtown Miami, Brickell and Port Miami to the east, Coconut Grove to the South and Coral Gables and Miami International Airport to the West.
2001 SW 6th Street is located on SW 6th Street between SW 17th Avenue and SW 22nd Avenue and several blocks from Domino Park. The property’s neighborhood is located between Flagler Street and SW 8th Street, two main retail and commercial corridors. The area is very densely populated and is a very strong rental market. Little Havana extremely high occupancy can be contributed to its excellent location right in the middle of South Florida’s major employment centers including the Health District to the north, Downtown Miami, Brickell and Port Miami to the east, Coconut Grove to the South and Coral Gables and Miami International Airport to the West.
Property Facts
| Price Per Unit | $200,000 | Apartment Style | Low-Rise |
| Sale Type | Investment | Building Class | C |
| Cap Rate | 4.51% | Lot Size | 0.22 AC |
| Gross Rent Multiplier | 11.34 | Building Size | 8,028 SF |
| No. Units | 12 | Average Occupancy | 95% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1939 |
| Zoning | RG-2; Miami | ||
| Price Per Unit | $200,000 |
| Sale Type | Investment |
| Cap Rate | 4.51% |
| Gross Rent Multiplier | 11.34 |
| No. Units | 12 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.22 AC |
| Building Size | 8,028 SF |
| Average Occupancy | 95% |
| No. Stories | 2 |
| Year Built | 1939 |
| Zoning | RG-2; Miami |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 12 | $1,470 | 669 |
Property Taxes
| Parcel Number | 01-4103-016-0280 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $1,286,624 |
Property Taxes
Parcel Number
01-4103-016-0280
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$1,286,624
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