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Matterport 3D Tour
INVESTMENT HIGHLIGHTS
- Newer construction, built in 2009.
- All units have washer/dryer.
- Walking distance to schools, parks, and Calle Ocho, just minutes from the Brickell area and Downtown Miami.
- Excellent unit mix of 89% two-bedroom 1.5 bathroom units.
- 14 total parking spaces (six covered /eight surface).
EXECUTIVE SUMMARY
MSP Group is pleased to have been appointed the exclusive broker for Seas Apartments, located at 763 SW 5th Street in Miami’s East Little Havana. The offering offers investors a rare opportunity to acquire a more recently constructed multifamily asset in one of the city’s most dynamic neighborhoods. Built in 2009, the property consists of nine (9) total units, including eight (8) spacious two-bedroom, one-and-a-half-bathroom residences and one (1) one-bedroom, one-and-a-half-bathroom unit. Each apartment is thoughtfully designed with modern conveniences such as tile floors, in-unit washer and dryers, and multiple private balconies, enhancing tenant appeal and long-term rental stability. Complementing the residential experience are 10 total parking spaces, six (6) covered spaces, and four (4) surface spaces, providing a distinct advantage in a submarket where private, dedicated parking is limited.
Strategically located, the property offers proximity to Miami’s financial powerhouse, Brickell Avenue, and the vibrant cultural destination of Calle Ocho. Tenants enjoy a neighborhood rich with art galleries, dining, and entertainment while being just minutes from major employment centers, downtown Miami, and key transit corridors. This blend of lifestyle convenience and accessibility makes the property an attractive rental option for young professionals and families.
From an investment standpoint, 763 SW 5th Street is a compelling opportunity to own a modern multifamily asset in a high-demand urban core. Miami’s economy continues to demonstrate exceptional resilience and long-term growth, driven by population influx, international investment, and its position as a global gateway city. Multifamily assets remain particularly attractive as both a hedge against inflation and a reliable source of cash flow. With its newer construction, prime location, and tenant-friendly features, this stable property offers investors immediate income and durable long-term value in one of the nation’s strongest rental markets.
Strategically located, the property offers proximity to Miami’s financial powerhouse, Brickell Avenue, and the vibrant cultural destination of Calle Ocho. Tenants enjoy a neighborhood rich with art galleries, dining, and entertainment while being just minutes from major employment centers, downtown Miami, and key transit corridors. This blend of lifestyle convenience and accessibility makes the property an attractive rental option for young professionals and families.
From an investment standpoint, 763 SW 5th Street is a compelling opportunity to own a modern multifamily asset in a high-demand urban core. Miami’s economy continues to demonstrate exceptional resilience and long-term growth, driven by population influx, international investment, and its position as a global gateway city. Multifamily assets remain particularly attractive as both a hedge against inflation and a reliable source of cash flow. With its newer construction, prime location, and tenant-friendly features, this stable property offers investors immediate income and durable long-term value in one of the nation’s strongest rental markets.
MATTERPORT 3D TOUR
Two-Bedroom, Two-Bathroom Unit - Matterport 3D Tour
FINANCIAL SUMMARY (PRO FORMA - 2025) |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$270,000
|
$25.55
|
| Other Income |
-
|
-
|
| Vacancy Loss |
$13,500
|
$1.28
|
| Effective Gross Income |
$256,500
|
$24.27
|
| Taxes |
$45,003
|
$4.26
|
| Operating Expenses |
$28,454
|
$2.69
|
| Total Expenses |
$73,457
|
$6.95
|
| Net Operating Income |
$183,043
|
$17.32
|
FINANCIAL SUMMARY (PRO FORMA - 2025)
| Gross Rental Income | |
|---|---|
| Annual | $270,000 |
| Annual Per SF | $25.55 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | $13,500 |
| Annual Per SF | $1.28 |
| Effective Gross Income | |
|---|---|
| Annual | $256,500 |
| Annual Per SF | $24.27 |
| Taxes | |
|---|---|
| Annual | $45,003 |
| Annual Per SF | $4.26 |
| Operating Expenses | |
|---|---|
| Annual | $28,454 |
| Annual Per SF | $2.69 |
| Total Expenses | |
|---|---|
| Annual | $73,457 |
| Annual Per SF | $6.95 |
| Net Operating Income | |
|---|---|
| Annual | $183,043 |
| Annual Per SF | $17.32 |
PROPERTY FACTS
| Price | $2,925,000 | Building Class | B |
| Price Per Unit | $325,000 | Lot Size | 0.17 AC |
| Sale Type | Investment | Building Size | 10,568 SF |
| No. Units | 9 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built | 2009 |
| Apartment Style | Low-Rise | Parking Ratio | 1.32/1,000 SF |
| Zoning | T4 R - A transect zone for low-density multifamily residential use. | ||
| Price | $2,925,000 |
| Price Per Unit | $325,000 |
| Sale Type | Investment |
| No. Units | 9 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.17 AC |
| Building Size | 10,568 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 2009 |
| Parking Ratio | 1.32/1,000 SF |
| Zoning | T4 R - A transect zone for low-density multifamily residential use. |
AMENITIES
UNIT AMENITIES
- Air Conditioning
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 1 | $1,700 | 750 |
| 2+1.5 | 8 | $1,938 | 1,158 |
Walk Score®
Very Walkable (89)
Transit Score®
Excellent Transit (75)
PROPERTY TAXES
| Parcel Number | 01-0203-020-1130 | Total Assessment | $1,319,617 |
| Land Assessment | $0 | Annual Taxes | $45,003 ($4.26/SF) |
| Improvements Assessment | $0 | Tax Year | 2025 |
PROPERTY TAXES
Parcel Number
01-0203-020-1130
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$1,319,617
Annual Taxes
$45,003 ($4.26/SF)
Tax Year
2025
1 of 15
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MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
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STREET VIEW
STREET
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763 SW 5th St
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