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Tecela Little Havana 761-771 NW 1st St 16 Unit Apartment Building $5,100,000 ($318,750/Unit) Miami, FL 33128
Investment Highlights
- 16 units · 14,212 rentable SF
- Outdoor balconies + patios (select)
- Impact glass · Key-card entry
- Concrete + CMU construction
- 100% occupied · all paying tenants
- Stainless appliances · Granite counters
Executive Summary
The Porosoff Group is pleased to present Tecela Little Havana, a sixteen-unit boutique multifamily community at 761-771 NW 1st Street, designed by Jason Chandler, AIA, and delivered in two phases (2017 and 2019).
The asset is fully stabilized at one hundred percent occupancy with no lease-up risk and no concession burn-off. Construction is concrete and CMU with impact-rated glazing and key-card entry. Interiors carry polished concrete floors, custom millwork, quartz counters, and 9'+ ceilings, with 13'+ in the four 2BR-A flats, each backed by a 750 SF private rear yard.
The site sits in Little Havana, ten minutes from Brickell, twelve from Wynwood, fifteen from the Health District, and twenty-three from MIA.
The asset is fully stabilized at one hundred percent occupancy with no lease-up risk and no concession burn-off. Construction is concrete and CMU with impact-rated glazing and key-card entry. Interiors carry polished concrete floors, custom millwork, quartz counters, and 9'+ ceilings, with 13'+ in the four 2BR-A flats, each backed by a 750 SF private rear yard.
The site sits in Little Havana, ten minutes from Brickell, twelve from Wynwood, fifteen from the Health District, and twenty-three from MIA.
Property Facts
| Price | $5,100,000 | Building Class | B |
| Price Per Unit | $318,750 | Lot Size | 0.23 AC |
| Sale Type | Investment | Building Size | 18,432 SF |
| No. Units | 16 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built | 2017 |
| Apartment Style | Low-Rise | ||
| Zoning | T6-8-O - Mixed-Use Development | ||
| Price | $5,100,000 |
| Price Per Unit | $318,750 |
| Sale Type | Investment |
| No. Units | 16 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.23 AC |
| Building Size | 18,432 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 2017 |
| Zoning | T6-8-O - Mixed-Use Development |
Amenities
Unit Amenities
- Balcony
- Washer/Dryer
- Yard
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 8 | - | 595 - 617 |
| 2+2 | 8 | - | 1,130 |
Exceptionally walkable
90/100
Fairly drivable
50/100
Strong public transit
80/100
Fairly bikeable
50/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $0 | |
| Land Assessment | $0 | Total Assessment | $3,905,244 |
Property Taxes
Parcel Numbers
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$3,905,244
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Tecela Little Havana | 761-771 NW 1st St
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