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12 Unit Renovated Near Calle Ocho 2028 SW 6th St 12 Unit Apartment Building $2,400,000 ($200,000/Unit) 5.59% Cap Rate Miami, FL 33135
INVESTMENT HIGHLIGHTS
- Newly renovated 12-unit apartment building in Little Havana, Miami
- New owner can lease up at open-market or Section 8 rates for strong cash flow
- Favorable unit mix: large 1-bedroom / 1-bathroom apartments
- 8 of 12 units currently vacant post-renovation, offering immediate lease-up potential
- Turnkey property – all 12 units have been fully renovated inside and out
- 40/50-year recertification due in 2026
EXECUTIVE SUMMARY
The Porosoff Group at Compass Commercial is pleased to present 2028 SW 6th Street, a 12-unit apartment building located in the heart of Little Havana, Miami.
2028 SW 6th Street offers an exceptional opportunity to acquire a fully renovated 12-unit multifamily property in one of Miami’s fastest-growing and most culturally vibrant neighborhoods. The building has undergone extensive renovations, offering modern finishes, updated kitchens and baths, and upgraded electrical and plumbing systems, making it a true turnkey investment. Ideally located just blocks from SW 8th Street (Calle Ocho) — the cultural heart of Miami’s Latin community — and only minutes from Brickell, Downtown Miami, and the Health District, this property benefits from strong connectivity, walkability, and constant tenant demand.
The area’s limited supply of quality rental housing, combined with steady population growth and proximity to major employment centers, contributes to historically low vacancy rates and consistent rent growth, ensuring long-term stability and upside potential for investors.
2028 SW 6th Street offers an exceptional opportunity to acquire a fully renovated 12-unit multifamily property in one of Miami’s fastest-growing and most culturally vibrant neighborhoods. The building has undergone extensive renovations, offering modern finishes, updated kitchens and baths, and upgraded electrical and plumbing systems, making it a true turnkey investment. Ideally located just blocks from SW 8th Street (Calle Ocho) — the cultural heart of Miami’s Latin community — and only minutes from Brickell, Downtown Miami, and the Health District, this property benefits from strong connectivity, walkability, and constant tenant demand.
The area’s limited supply of quality rental housing, combined with steady population growth and proximity to major employment centers, contributes to historically low vacancy rates and consistent rent growth, ensuring long-term stability and upside potential for investors.
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$240,204
|
$41.70
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$240,204
|
$41.70
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$94,064
|
$16.33
|
| Net Operating Income |
$146,140
|
$25.37
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $240,204 |
| Annual Per SF | $41.70 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $240,204 |
| Annual Per SF | $41.70 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $94,064 |
| Annual Per SF | $16.33 |
| Net Operating Income | |
|---|---|
| Annual | $146,140 |
| Annual Per SF | $25.37 |
PROPERTY FACTS
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 12 | - | 736 |
1 1
Walk Score®
Walker's Paradise (90)
PROPERTY TAXES
| Parcel Number | 01-4103-016-0421 | Improvements Assessment | $0 (2025) |
| Land Assessment | $0 (2025) | Total Assessment | $1,452,000 (2025) |
PROPERTY TAXES
Parcel Number
01-4103-016-0421
Land Assessment
$0 (2025)
Improvements Assessment
$0 (2025)
Total Assessment
$1,452,000 (2025)
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12 Unit Renovated Near Calle Ocho | 2028 SW 6th St
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