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Lawrence Estates 502 SW 13th Ave 4 Unit Apartment Building $1,325,000 ($331,250/Unit) 4.64% Cap Rate Miami, FL 33135
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.
Financial Summary (Actual - 2024) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $1,325,000 | Apartment Style | Low-Rise |
| Price Per Unit | $331,250 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.12 AC |
| Cap Rate | 4.64% | Building Size | 3,264 SF |
| Sale Condition | Business Value Included | Average Occupancy | 100% |
| No. Units | 4 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1974/2022 |
| Property Subtype | Apartment | ||
| Zoning | 3901 | ||
| Price | $1,325,000 |
| Price Per Unit | $331,250 |
| Sale Type | Investment |
| Cap Rate | 4.64% |
| 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 | - |
1 1
Exceptionally walkable
100/100
Fairly drivable
40/100
Good public transit
70/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 01-4102-006-5250 | Total Assessment | $554,668 (2025) |
| Land Assessment | $0 (2025) | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $0 (2025) | Tax Year | 2024 |
Property Taxes
Parcel Number
01-4102-006-5250
Land Assessment
$0 (2025)
Improvements Assessment
$0 (2025)
Total Assessment
$554,668 (2025)
Annual Taxes
($1) ($0.00/SF)
Tax Year
2024
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Lawrence Estates | 502 SW 13th Ave
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