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236 SW 10th Ave 4 Unit Apartment Building $995,000 ($248,750/Unit) 6.88% Cap Rate Miami, FL 33130
Investment Highlights
- Fourplex property composed of (2) three bedroom units, a two bedroom unit and a studio
Executive Summary
Completely renovated fourplex located in the heart of Little Havana, currently fully leased and generating strong, stable monthly income. The property consists of (2) three-bedroom units, (1) two-bedroom unit, and (1) studio unit, offering an attractive unit mix for long-term rental demand. This is an excellent opportunity for investors seeking immediate cash flow in one of Miami’s fastest-growing and culturally vibrant neighborhoods. The property is zoned T4-R, providing future redevelopment potential and additional long-term upside as the surrounding area continues to experience growth and revitalization. Centrally located near Downtown Miami, Brickell, major transportation corridors, restaurants, and entertainment. Please contact listing agent for additional information and financial details.
Financial Summary (Actual - 2024) |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$102,000
|
$37.06
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$102,000
|
$37.06
|
| Taxes |
-
|
-
|
| Operating Expenses |
-
|
-
|
| Total Expenses |
$33,500
|
$12.17
|
| Net Operating Income |
$68,500
|
$24.89
|
Financial Summary (Actual - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $102,000 |
| Annual Per SF | $37.06 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $102,000 |
| Annual Per SF | $37.06 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $33,500 |
| Annual Per SF | $12.17 |
| Net Operating Income | |
|---|---|
| Annual | $68,500 |
| Annual Per SF | $24.89 |
Property Facts
| Price | $995,000 | Apartment Style | Low-Rise |
| Price Per Unit | $248,750 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.12 AC |
| Cap Rate | 6.88% | Building Size | 2,752 SF |
| Gross Rent Multiplier | 11.06 | Average Occupancy | 100% |
| No. Units | 4 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1937/2022 |
| Property Subtype | Apartment | ||
| Zoning | T4-R - Residential | ||
| Price | $995,000 |
| Price Per Unit | $248,750 |
| Sale Type | Investment |
| Cap Rate | 6.88% |
| Gross Rent Multiplier | 11.06 |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.12 AC |
| Building Size | 2,752 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1937/2022 |
| Zoning | T4-R - Residential |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 8+4 | 4 | - | 2,752 |
1 1
Exceptionally walkable
100/100
Fairly drivable
40/100
Good public transit
70/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 01-4102-005-3700 | Improvements Assessment | $0 (2025) |
| Land Assessment | $0 (2025) | Total Assessment | $538,871 (2025) |
Property Taxes
Parcel Number
01-4102-005-3700
Land Assessment
$0 (2025)
Improvements Assessment
$0 (2025)
Total Assessment
$538,871 (2025)
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236 SW 10th Ave
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