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
Walk Score®
Very Walkable (89)

PROPERTY TAXES

  • Listing ID: 35505969

  • Date on Market: 4/16/2025

  • Last Updated:

  • Address: 201 SW 21st Ct, Miami, FL 33135