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740 SW 9th St 4 Unit Apartment Building $1,600,000 ($400,000/Unit) 9.93% Cap Rate Miami, FL 33130
INVESTMENT HIGHLIGHTS
- Fourplex in Little Havana – Two studios and two one-bedroom apartments. Strong Cash Flowing Vocational Rental Property since 2022.
- Prime Location.
EXECUTIVE SUMMARY
Boutique fourplex fully remodeled in a luxury resort style, located in the heart of Little Havana, just a few blocks from Brickell and Calle Ocho. It features 2 one-bedroom units and 2 studios, all with high-end finishes, modern kitchens, A/C, and elegant bathrooms. Ideal for vacation rentals or short/long-term leases, generating excellent returns. Strong Cash Flowing Vocational Rental Property since 2022. Fully Renovated. Situated in a high-demand area with strong appreciation potential.
FINANCIAL SUMMARY (ACTUAL - 2024) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$288,000
|
$124.95
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$288,000
|
$124.95
|
| Net Operating Income |
-
|
-
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Gross Rental Income | |
|---|---|
| Annual | $288,000 |
| Annual Per SF | $124.95 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $288,000 |
| Annual Per SF | $124.95 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
PROPERTY FACTS
| Price | $1,600,000 | Apartment Style | Low-Rise |
| Price Per Unit | $400,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.20 AC |
| Cap Rate | 9.93% | Building Size | 2,305 SF |
| Sale Condition | High Vacancy Property | Average Occupancy | 100% |
| No. Units | 4 | No. Stories | 1 |
| Property Type | Multifamily | Year Built/Renovated | 1952/2022 |
| Property Subtype | Apartment | Parking Ratio | 1.74/1,000 SF |
| Zoning | T4-R - The T4 zone allows for a transition of building massing (size and bulk) between single family and multi-family housing | ||
| Price | $1,600,000 |
| Price Per Unit | $400,000 |
| Sale Type | Investment |
| Cap Rate | 9.93% |
| Sale Condition | High Vacancy Property |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.20 AC |
| Building Size | 2,305 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built/Renovated | 1952/2022 |
| Parking Ratio | 1.74/1,000 SF |
| Zoning | T4-R - The T4 zone allows for a transition of building massing (size and bulk) between single family and multi-family housing |
AMENITIES
SITE AMENITIES
- Fenced Lot
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 2 | $4,500 | - |
| Studios | 2 | $3,500 | - |
1 1
Walk Score®
Walker's Paradise (92)
Transit Score®
Excellent Transit (72)
Bike Score®
Very Bikeable (72)
PROPERTY TAXES
| Parcel Number | 01-0206-040-1050 | Improvements Assessment | $0 (2025) |
| Land Assessment | $0 (2025) | Total Assessment | $724,680 (2025) |
PROPERTY TAXES
Parcel Number
01-0206-040-1050
Land Assessment
$0 (2025)
Improvements Assessment
$0 (2025)
Total Assessment
$724,680 (2025)
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Presented by
Abemar Beltran Pa
740 SW 9th St
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