TURNKEY LITTLE HAVANA MULTIFAMILY 6.85% CAP RATEExceptional investment opportunity in the heart of Little Havana! This premium income-producing asset consists of two detached buildings featuring a uniform mix of six fully renovated 2-bedroom, 1-bathroom units. Operating with an efficient 31.83% expense ratio, the property generates a strong Net… Read More Operating Income (NOI) of $115,144.50, delivering an attractive 6.85% cap rate at the $1,680,000 asking price.Ownership has invested over $200,000 in recent capital improvements, minimizing future capital expenditures and providing true turnkey ownership. Major upgrades include complete interior renovations (2022), new permitted roofs (2024), new exterior stucco and paint (2024), roof-mounted mini-split HVAC systems (2024), plumbing improvements, and fully upgraded electrical systems with new main service entries and meter boxes (2025/2026).For added buyer confidence, the City of Miami 40- and 50-year structural recertifications have been fully completed and approved, offering significant peace of mind.Ideally located just minutes from Brickell, Downtown Miami, and the Health District, this asset benefits from one of Miami's strongest and most resilient rental markets. Whether you're completing a 1031 exchange, expanding a private portfolio, or seeking a stabilized, cash-flowing investment, this property offers immediate, optimized income from day one with minimal deferred maintenance. Read Less
Courtesy of Sellstate 5 Star Realty, Joey Fumero-Manso, 239-491-2430.
Listing Snapshot
Days Online
67
Last Updated
Property Type
Single Family Residence
Beds
12
Full Baths
6
Square Ft.
4,608
Lot Size
0.13 Acres
Year Built
1925
MLS Number
A12004679
30 Days Snapshot Of 33130
$708k
+6%
(avg) sold price
21
+10%
homes sold
175
+54%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
Built in 1925, Architectural style: Other, Living area: 4608, Construction materials: Frame, Stucco, Toal building area: 4608
Cooling
Central Air
Exterior Features
Balcony
Floors
Vinyl
Heating
Central
Lot
0.13 acres
Property
Zoning: 3901
Security Features
Fire Alarm
Sewer
Public Sewer
Taxes
Annual amount: $24,355
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