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635 SW 7th Ct 10 Unit Apartment Building $2,995,000 ($299,500/Unit) 5.29% Cap Rate Miami, FL 33130
EXECUTIVE SUMMARY
An incredible opportunity to acquire a well-maintained 10-unit apartment building just 1.5 blocks north of Calle Ocho in the southeastern corner of Little Havana. The efficient unit mix features nine 2BR/1BA apartments and one 1BR/1BA apartment.
All units have balconies and have been updated with newer appliances and cabinetry, with four showcasing refinished terrazzo flooring. Recent improvements include a roof that is less than 10 years old, a fully updated electrical room (2025), re-sealed and re-stripped parking lot (2025) and a successful re-certification in 2019.
The property consistently operates near 100% occupancy with minimal lease-up time. Current tenancy is a mix of month-to-month and annual leases, all expiring Dec 2025–Jan 2026 or subject to a 60-day kick-out, providing both stability and flexibility. 12,500 SF lot with 12 parking spaces.
All units have balconies and have been updated with newer appliances and cabinetry, with four showcasing refinished terrazzo flooring. Recent improvements include a roof that is less than 10 years old, a fully updated electrical room (2025), re-sealed and re-stripped parking lot (2025) and a successful re-certification in 2019.
The property consistently operates near 100% occupancy with minimal lease-up time. Current tenancy is a mix of month-to-month and annual leases, all expiring Dec 2025–Jan 2026 or subject to a 60-day kick-out, providing both stability and flexibility. 12,500 SF lot with 12 parking spaces.
PROPERTY FACTS Under Contract
| Price | $2,995,000 | Apartment Style | Low-Rise |
| Price Per Unit | $299,500 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.29 AC |
| Cap Rate | 5.29% | Building Size | 8,446 SF |
| No. Units | 10 | No. Stories | 2 |
| Property Type | Multifamily | Year Built | 1969 |
| Property Subtype | Apartment | Parking Ratio | 1.42/1,000 SF |
| Zoning | T5-L | ||
| Price | $2,995,000 |
| Price Per Unit | $299,500 |
| Sale Type | Investment |
| Cap Rate | 5.29% |
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.29 AC |
| Building Size | 8,446 SF |
| No. Stories | 2 |
| Year Built | 1969 |
| Parking Ratio | 1.42/1,000 SF |
| Zoning | T5-L |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Dishwasher
- Disposal
- Heating
- Kitchen
SITE AMENITIES
- 24 Hour Access
- Tenant Controlled HVAC
- Smoke Free
- Walk-Up
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 9 | $1,900 | - |
| 1+1 | 1 | $1,600 | - |
1 1
Walk Score®
Walker's Paradise (92)
Transit Score®
Excellent Transit (73)
Bike Score®
Very Bikeable (70)
PROPERTY TAXES
| Parcel Number | 01-4138-050-0180 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $1,286,151 |
PROPERTY TAXES
Parcel Number
01-4138-050-0180
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$1,286,151
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635 SW 7th Ct
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