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843 SW 13th Ave 18 Unit Apartment Building $4,500,000 ($250,000/Unit) 6.61% Cap Rate Miami, FL 33135
INVESTMENT HIGHLIGHTS
- Rare opportunity to acquire a renovated and fully occupied 18 unit apartment building in Little Havana
- Building was fully gut renovated in 2006 and includes central ACs, granite countertops, custom kitchen cabinetry, dishwashers, tankless water heaters
- Potential to increase rents to market
- 350 feet away from Calle Ocho (SW 8th Street), the cultural epicenter of Miami with a round the clock restaurant, retail and nightlife scene
- Updated appliances in all units
- Favorable unit mix consisting of mostly large 1 and 2 bedroom units
EXECUTIVE SUMMARY
Please Contact Javier A. Ubeda (305) 766-1864 - The Porosoff Group is pleased to offer for sale 843 SW 13th Ave. The property is located 350 feet from Calle Ocho and consists of 18-units with 16 One bedroom/One Bathroom Units and 2 two-Bedroom/One Bathroom Units, averaging 620 square-feet. The building was fully gut renovated in 2006 and includes central ACs, granite countertops, custom kitchen cabinetry, dishwashers, tankless water heaters and updated appliances.
PROPERTY FACTS
| Price | $4,500,000 | Apartment Style | Low-Rise |
| Price Per Unit | $250,000 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.18 AC |
| Cap Rate | 6.61% | Building Size | 11,166 SF |
| No. Units | 18 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built | 1925 |
| Zoning | T4-R - RESIDENTIAL MULTIPLE FAMILY | ||
| Price | $4,500,000 |
| Price Per Unit | $250,000 |
| Sale Type | Investment |
| Cap Rate | 6.61% |
| No. Units | 18 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.18 AC |
| Building Size | 11,166 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 1925 |
| Zoning | T4-R - RESIDENTIAL MULTIPLE FAMILY |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Dishwasher
- Granite Countertops
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 1+1 | 16 | $1,800 | 620 |
| 2+1 | 2 | $1,975 | 620 |
Walk Score®
Walker's Paradise (95)
PROPERTY TAXES
| Parcel Number | 01-4111-013-0300 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $1,748,939 |
PROPERTY TAXES
Parcel Number
01-4111-013-0300
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$1,748,939
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843 SW 13th Ave
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