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2741-2749 SW 5th St 16 Unit Apartment Building $4,750,000 ($296,875/Unit) 5.30% Cap Rate Miami, FL 33135
INVESTMENT HIGHLIGHTS
- Investment Opportunity in Little Havana
- 40 yrs inspection passed and Recertified
- New Impact windows
- Recently Renovated 16-Unit Multifamily Property
- Roof new isolation
- New AC units
EXECUTIVE SUMMARY
Price Improved! Fully occupied. Recertified and having a Hotel operating license.
Excellent Investment Opportunity in Little Havana: Recently Renovated 16-Unit Multifamily Property.
Presenting a meticulously renovated 16-unit multifamily property in the highly desirable Little Havana neighborhood. This fully occupied asset offers a compelling 5.14% capitalization rate, providing immediate and consistent income.
Significant recent capital improvements include exterior painting completed in 2024, the installation of impact-resistant windows throughout, and the recent replacement of all air conditioning units. This property offers a streamlined investment with minimal anticipated near-term capital expenditures.
The property benefits from its strategic location within walking distance of Miami Dade College, ensuring strong and consistent tenant demand. Furthermore, a transferable hotel license presents an additional value proposition for the investor.
The unit mix comprises sixteen (16) two-bedroom, one-bathroom units, each thoughtfully designed with an additional versatile room currently utilized by tenants as a supplementary living space. All units feature fully equipped kitchens. Two distinct floor plans are present within the building.
Please respect the privacy of current tenants. All inquiries, appointments, and requests for further information should be directed to Maggie at 786-326-8435 (call or text). Seller Financing Available. Ask Maggie for Conditions.
Excellent Investment Opportunity in Little Havana: Recently Renovated 16-Unit Multifamily Property.
Presenting a meticulously renovated 16-unit multifamily property in the highly desirable Little Havana neighborhood. This fully occupied asset offers a compelling 5.14% capitalization rate, providing immediate and consistent income.
Significant recent capital improvements include exterior painting completed in 2024, the installation of impact-resistant windows throughout, and the recent replacement of all air conditioning units. This property offers a streamlined investment with minimal anticipated near-term capital expenditures.
The property benefits from its strategic location within walking distance of Miami Dade College, ensuring strong and consistent tenant demand. Furthermore, a transferable hotel license presents an additional value proposition for the investor.
The unit mix comprises sixteen (16) two-bedroom, one-bathroom units, each thoughtfully designed with an additional versatile room currently utilized by tenants as a supplementary living space. All units feature fully equipped kitchens. Two distinct floor plans are present within the building.
Please respect the privacy of current tenants. All inquiries, appointments, and requests for further information should be directed to Maggie at 786-326-8435 (call or text). Seller Financing Available. Ask Maggie for Conditions.
FINANCIAL SUMMARY (ACTUAL - 2025) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$381,643
|
$33.69
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$381,643
|
$33.69
|
| Taxes |
$31,500
|
$2.78
|
| Operating Expenses |
$98,172
|
$8.67
|
| Total Expenses |
$129,672
|
$11.45
|
| Net Operating Income |
$251,971
|
$22.24
|
FINANCIAL SUMMARY (ACTUAL - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $381,643 |
| Annual Per SF | $33.69 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $381,643 |
| Annual Per SF | $33.69 |
| Taxes | |
|---|---|
| Annual | $31,500 |
| Annual Per SF | $2.78 |
| Operating Expenses | |
|---|---|
| Annual | $98,172 |
| Annual Per SF | $8.67 |
| Total Expenses | |
|---|---|
| Annual | $129,672 |
| Annual Per SF | $11.45 |
| Net Operating Income | |
|---|---|
| Annual | $251,971 |
| Annual Per SF | $22.24 |
PROPERTY FACTS
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Cable Ready
- Tile Floors
- Kitchen
- Granite Countertops
- Refrigerator
- Range
- Smoke Free
- Wheelchair Accessible (Rooms)
SITE AMENITIES
- 24 Hour Access
- Fenced Lot
- Tenant Controlled HVAC
- Maintenance on site
- Walk To Campus
- Walk-Up
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 16 | $1,900 | 704 - 712 |
Walk Score®
Very Walkable (82)
PROPERTY TAXES
| Parcel Numbers | Total Assessment | $1,506,556 | |
| Land Assessment | $0 | Annual Taxes | $31,500 ($2.78/SF) |
| Improvements Assessment | $0 | Tax Year | 2025 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$1,506,556
Annual Taxes
$31,500 ($2.78/SF)
Tax Year
2025
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2741-2749 SW 5th St
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