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$ 5,145,000
Est. payment | /mo
9,918 SqFt
$ 5,145,000
Est. payment | /mo
9,918 SqFt
Key Details
Property Type Multi-Family, Commercial
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 9,918 sqft
Price per Sqft $518
MLS Listing ID A12099815
HOA Y/N No
Year Built 1960
Lot Size 9,750 Sqft
Property Sub-Type Multi Family
Property Description
220 SW 18th Avenue is a turnkey, fully occupied 21-unit multifamily investment opportunity located in the heart of Little Havana, one of Miami's most established rental markets. Originally built in the 1960s, the property offers investors the advantage of a newer vintage multifamily building compared with much of Little Havana's older 1920s and 1930s housing stock. The 9,918 SF building features a uniform unit mix of 21 one-bedroom/one-bathroom apartments, providing a simple and efficient configuration with consistent renter demand. The property is 100% occupied, generating $36,649 in monthly rent. The building also successfully completed its 40/50-Year Recertification in 2020. The property has been renovated and upgraded with impact windows, reducing near-term capital needs. Located just off West Flagler Street and minutes from Calle Ocho, loanDepot park, Downtown Miami and Brickell. Asking Price: $5,145,000 ($245,000 / Unit). Current Cap Rate: 7.03%.
Location
State FL
County Miami-dade
Area 41
Zoning 4600
Exterior
Private Pool Yes
Others
Tax ID 01-41-03-014-1190
Virtual Tour https://www.propertypanorama.com/instaview/mia/A12099815
Listed by APEX Capital Realty LLC
NEARBY SCHOOL & BUSINESS
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