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Calle Ocho Multifamily and Retail 4 Properties Offered at $7,500,000 in Miami, FL
Investment Highlights
- Rare opportunity to acquire 4 retail + 23 apartments units on World Famous Calle Ocho (SW 8th Street)
- 100% occupied
- 27,300 sq ft of land with liberal zoning T-6 and T-5 - 67 apartment units plus ground floor retail buildable as-of-right
- In-place Net Operating Income of $406,000 with significant upside in rental income
- 23 parking spaces (1 per unit) and on-site laundry facility
- 40/50 Year Recertifications completed
Executive Summary
Calle Ocho Multifamily and Retail - Future Redevelopment Potential - In-Place NOI $406,000 with 27,300 Sq Ft of Land - Retail + 23 Apartment Units
Data Room Click Here to Access
Taxes & Operating Expenses (Actual - 2024) |
Annual |
|---|---|
| Gross Rental Income |
-
|
| Other Income |
-
|
| Vacancy Loss |
-
|
| Effective Gross Income |
-
|
| Net Operating Income |
$406,358
|
Taxes & Operating Expenses (Actual - 2024)
| Gross Rental Income | |
|---|---|
| Annual | - |
| Other Income | |
|---|---|
| Annual | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Effective Gross Income | |
|---|---|
| Annual | - |
| Net Operating Income | |
|---|---|
| Annual | $406,358 |
Property Facts
| Price | $7,500,000 | Number of Properties | 4 |
| Price / SF | $333.53 / SF | Individually For Sale | 0 |
| Cap Rate | 5.42% | Total Building Size | 22,487 SF |
| Sale Type | Investment | Total Land Area | 0.94 AC |
| Status | Active |
| Price | $7,500,000 |
| Price / SF | $333.53 / SF |
| Cap Rate | 5.42% |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 4 |
| Individually For Sale | 0 |
| Total Building Size | 22,487 SF |
| Total Land Area | 0.94 AC |
Properties
| Property Name / Address | Property Type | Size | Year Built | Individual Price |
|---|---|---|---|---|
| 1322 SW 7th St, Miami, FL 33135 | Multifamily | 5,546 SF | 1928 | - |
| 1320 SW 7th St, Miami, FL 33135 | Multifamily | 1,902 SF | 1924 | - |
|
Botanica La Negra
1329-1331 SW 8th St, Miami, FL 33135 |
Retail | 10,500 SF | 1940 | - |
| 1321-1327 SW 8th St, Miami, FL 33135 | Retail | 4,539 SF | 1940 | - |
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Calle Ocho Multifamily and Retail
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