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2170 NW Flagler Ter 22 Unit Apartment Building $5,500,000 ($250,000/Unit) 4.69% Cap Rate Miami, FL 33125
Investment Highlights
- 22-unit multifamily property with in-place income
- Rare 18 on-site parking spaces in Little Havana
- Value-add potential through rent growth over time
- 100% occupied asset providing stable cash flow
- Strong rental demand in a central urban submarket
- Well-located near Downtown Miami, Brickell, and Coral Gables
Executive Summary
2170 NW Flagler Terrace is a 22-unit multifamily property in the heart of Little Havana featuring an extremely rare on-site parking component, a major differentiator in a area where most buildings lack dedicated parking. This unique attribute enhances tenant demand, supports higher rent potential, and creates meaningful value-add.
The property is fully occupied, providing stable in-place cash flow, while its central location offers immediate access to Downtown Miami, Brickell, Coral Gables, and all major highways. Strong rental demands and consistent neighborhood growth continue to drive demand in the area.
The property is fully occupied, providing stable in-place cash flow, while its central location offers immediate access to Downtown Miami, Brickell, Coral Gables, and all major highways. Strong rental demands and consistent neighborhood growth continue to drive demand in the area.
Property Facts
| Price | $5,500,000 | Apartment Style | Low-Rise |
| Price Per Unit | $250,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.41 AC |
| Cap Rate | 4.69% | Building Size | 9,579 SF |
| No. Units | 22 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1958 |
| Property Subtype | Apartment | Parking Ratio | 1.46/1,000 SF |
| Zoning | T5-R - General Commercial | ||
| Price | $5,500,000 |
| Price Per Unit | $250,000 |
| Sale Type | Investment |
| Cap Rate | 4.69% |
| No. Units | 22 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.41 AC |
| Building Size | 9,579 SF |
| No. Stories | 2 |
| Year Built | 1958 |
| Parking Ratio | 1.46/1,000 SF |
| Zoning | T5-R - General Commercial |
Amenities
Unit Amenities
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
Site Amenities
- 24 Hour Access
- Courtyard
- Tenant Controlled HVAC
- Smoke Free
- Online Services
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 22 | - | - |
Walk Score®
Very Walkable (87)
Property Taxes
| Parcel Number | 01-4103-013-0610 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $2,541,000 |
Property Taxes
Parcel Number
01-4103-013-0610
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$2,541,000
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2170 NW Flagler Ter
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