Javier Ubeda | 305-766-1864 201 SW 21st Ct 6 Unit Apartment Building $1,650,000 ($275,000/Unit) 5.05% Cap Rate Miami, FL 33135
INVESTMENT HIGHLIGHTS
- Rare Opportunity to Acquire a Newer Construction 6-Unit Apartment Building in Little Havana, Miami
- 7 parking spaces
- Favorable unit mix 2 one-bedroom and 4 studio apartments
- Gut renovated turnkey property
- Brand new roof in 2024
- All units feature mini split A/Cs and stainless steel appliances
EXECUTIVE SUMMARY
201 SW 21st Court is located in the Little Havana section of Miami, a short distance from Brickell, the most important financial and commercial district in South Florida. Home to a growing number of international banks and firms, Brickell serves as Latin America’s Financial District and has recently enjoyed a transformation with a booming restaurant, entertainment, and nightlife scene. The property is conveniently nestled blocks away from SW 8th Street (Calle Ocho) the cultural epicenter of the Miami Latin Community and within walking distance to Flagler Street, one of the most important commercial corridors in Miami-Dade County. The excellent location contributes to the high demand for rental units in the area and translates into historically low vacancy rates.
PROPERTY FACTS
| Price | $1,650,000 |
| Price Per Unit | $275,000 |
| Sale Type | Investment |
| Cap Rate | 5.05% |
| Gross Rent Multiplier | 13.22 |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.11 AC |
| Building Size | 3,032 SF |
| No. Stories | 2 |
| Year Built | 1957 |
| Parking Ratio | 0.99/1,000 SF |
| Zoning | R-3 |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 4 | $1,625 | 412 |
| 1+1 | 2 | $1,950 | 412 |
1 of 1
Walk Score®
Very Walkable (89)
PROPERTY TAXES
| Parcel Number | 01-4103-014-2370 | Improvements Assessment | $267,177 |
| Land Assessment | $425,000 | Total Assessment | $692,177 |
