This Multifamily Property is no longer advertised on LoopNet.com.

425-435 SW 10th Ave
Miami, FL 33130
Borinquen Apartments · Multifamily Property For Sale · 58 Units

Property Facts

No. Units 58
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low-Rise
Building Class C
Lot Size 0.34 AC
Building Size 29,321 SF
Average Occupancy 100%
No. Stories 3
Year Built 1930
Parking Ratio 0.51/1,000 SF
Zoning 3900

Amenities

Unit Amenities

  • Air Conditioning
  • Kitchen
  • Refrigerator
  • Range

About 425-435 SW 10TH AVE , MIAMI, FL 33130

Little Havana is a magnet for multifamily investment. For residents, the area offers cheaper rents than nearby downtown Miami and Brickell. This three-story, 58-unit building fits the mold of micro-unit living with it's nostalgic architectural elements and great density. At 170 units/acre, it far exceeds allowed zoning regulations and is grandfathered in. It has 15 years remaining on a HAP contract with a REAC score of 82. This makes it a highly stabilized income producer. Poised in a great location near the Riverside Park, Brickell, Downtown and all the employment centers it is an excellent choice. With immediate access to I-95, and walking distance to Calle Ocho. Its prime proximity to everything is a tremendous amenity.

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
Studios 36 - 460
1+1 22 - 520

Property Taxes

Property Taxes

Parcel Number
01-4102-003-0010
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$7,942,000
  • Listing ID: 9661000

  • Date on Market: 10/19/2017

  • Last Updated:

  • Address: 425-435 SW 10th Ave, Miami, FL 33130

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