Exceptional investment opportunity in the heart of Little Havana. This 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 Net Operating Income (NOI) of $115,144.50, representing an approximate 6.98% cap… Read More rate based on a $1,649,000 purchase price.Ownership has invested over $200,000 in recent capital improvements, helping minimize future capital expenditures and offering a turnkey ownership opportunity. 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 additional confidence, the City of Miami 40- and 50-year structural recertifications have been fully completed and approved. Ideally located near Brickell, Downtown Miami, the Health District, and major employment and transportation corridors, the property benefits from strong rental demand and long-term appreciation potential associated with Miami's continued growth and development.A stabilized multifamily asset with established income, extensive recent improvements, completed recertifications, and a central Little Havana location. Read Less
Courtesy of Sellstate 5 Star Realty, Joey Fumero-Manso, 239-491-2430.
Listing Snapshot
Days Online
20
Last Updated
Property Type
Single Family Residence
Beds
12
Full Baths
6
Square Ft.
4,658
Lot Size
0.13 Acres
Year Built
1925
MLS Number
A12075866
30 Days Snapshot Of 33130
$641k
-6%
(avg) sold price
21
-22%
homes sold
159
+3%
(avg) days on market
Snapshot
Area Map
Additional Details
Property Access
Road frontage type: Public Road
Appliances & Equipment
Refrigerator
Building
Built in 1925, Architectural style: Other, Living area: 4658, Construction materials: Block, Frame, Stucco, Toal building area: 4658
Cooling
Central Air
Exterior Features
Balcony, Lighting
Floors
Vinyl
Heating
Central
Lot
0.13 acres
Parking
Driveway, On Street
Property
Patio and porch features: Porch - Open, Porch, Zoning: 3901
Roof
Shingle
Security Features
Fire Sprinkler System
Sewer
Public Sewer
Taxes
Annual amount: $24,355
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