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502 SW 13th Ave
Miami, FL 33135
Lawrence Estates · Multifamily Property For Sale
·
4 Units
INVESTMENT HIGHLIGHTS
- Situated in the heart of Little Havana, just minutes from Downtown Miami, Brickell, and the Miami River District.
- The neighborhood is thriving, with high rental demand, making it easier to attract tenants at higher rates.
EXECUTIVE SUMMARY
Approved plans for 4 units can be amended to up to 12 units.
PROPERTY FACTS
| Price Per Unit | $368,750 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.12 AC |
| Sale Condition | Business Value Included | Building Size | 3,264 SF |
| No. Units | 4 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built/Renovated | 1974/2022 |
| Apartment Style | Low-Rise | ||
| Zoning | 3901 | ||
| Price Per Unit | $368,750 |
| Sale Type | Investment |
| Sale Condition | Business Value Included |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.12 AC |
| Building Size | 3,264 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1974/2022 |
| Zoning | 3901 |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Balcony
- Refrigerator
- Tub/Shower
- Patio
SITE AMENITIES
- 24 Hour Access
- Tenant Controlled HVAC
- Walking/Biking Trails
- Walk-Up
- Smoke Detector
ABOUT 502 SW 13TH AVE , MIAMI, FL 33135
Prime 4-Unit Investment Opportunity in Little Havana Unlock the potential of this well-located fourplex in the heart of Little Havana, just minutes from Downtown Miami, Brickell, and the Miami River District. Each of the four units is currently rented at $1,750/month, significantly below market value. With strong rental demand in this thriving neighborhood, units can easily be brought up to market rents of approximately $2,500/month, offering immediate upside and strong cash-flow potential. 50 year recertification completed end of 2023
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 4 | $4,375 | - |
PROPERTY TAXES
| Parcel Number | 01-4102-006-5250 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $554,668 |
PROPERTY TAXES
Parcel Number
01-4102-006-5250
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$554,668
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