1037 NW 2nd St - Apartments FOR SALE


Miami, FL 33128- Little Havana
$3,950,000 USD
305-747-5117
1037 NW 2nd St, Miami, FL for Sale
$3,950,000 USD
Apartments - FOR SALE
1/28
null | 6% Cap Rate

1037 NW 2nd St
Miami, FL 33128
Little Havana


HIGHLIGHTS

  • Rooftop terrace with panoramic sunrise / sunset views of Brickell & Downtown Miami!!
  • BRAND NEW 10 UNIT BUILDING = You decide to do Short-Term / Co-Living or annual leases!
  • In-unit washer & dryer (rare and highly sought-after)!
  • SELLER FINANCING AVAILABLE = Based on price and terms!
  • Covered private, gated parking (EV also) for ultimate security!
  • 10 minutes to Brickell / Downtown / MIA Airport!

OVERVIEW

A Rare, Design-Led Investment Opportunity in the Heart of Little Havana / Spring Garden / Riverside!! Introducing an Italian inspired standout opportunity in one of Miami’s fastest-growing and most culturally vibrant neighborhoods. This newly built, 10-unit multifamily property—expertly crafted in partnership with the award-winning Crelux Designs—combines architectural sophistication with income-generating efficiency. Purposefully constructed from the ground up, the building comes with builder warranties of up to 10 years, providing long-term peace of mind and significantly reduced maintenance costs. Every unit has been meticulously finished to deliver above-market rental income and attract high-quality, long-term residents. Each residence features dual-tone custom kitchens, sleek stainless steel appliances, designer bathrooms with premium tile finishes, central air conditioning, wood-look porcelain tile flooring, LED linear lighting, and—most notably —in-unit washers and dryers, a rare and valuable amenity in this submarket. The building elevates resident lifestyle with thoughtfully integrated shared spaces, including a sensational rooftop deck with panoramic luscious sunrise / sunset views of Brickell, downtown Miami, & all the way to South Beach; a private backyard lounge with BBQ grill and sun seating, EV-ready covered parking, and elevator access——all contributing to high resident satisfaction and rental upside. Whether you're seeking a premium asset for a 1031 exchange, expanding a high-performing portfolio, or acquiring a low-maintenance, design-forward legacy building—this property delivers lasting value, modern functionality, and strong rental demand in a red-hot rental corridor A brand-new, Italian inspired, architecturally curated 10-unit apartment building in Little Havana, professionally designed by Crelux Designs. Built for long-term performance and resident appeal, every unit is outfitted with high-end finishes and rare conveniences like in-unit laundry. With up to 10 years of builder warranties and no immediate maintenance needs, this is a low-risk, high-upside turnkey investment in a thriving Miami neighborhood. HIGHLIGHTS & AMENITIES Contemporary architecture and interior design by Crelux Designs Dual-tone custom kitchens with stainless steel appliances Designer bathrooms with luxury tile finishes In-unit washer & dryer (rare and highly sought-after) LED linear lighting and wood-look tile flooring throughout Central air conditioning Rooftop terrace with panoramic sunrise / sunset views of Brickell & Downtown Miami Private backyard lounge with BBQ grill and seating Elevator access Covered parking with EV charging capability

FOR SALE DETAILS

PRICE

$3,950,000 USD

PRICE/SF

$564 USD /SF

# OF UNITS

10

PRICE/UNIT

$395,000

CAP RATE

6%

% LEASED

0%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

PAPAYA PLACE ~ 6% CAP ~ BRAND NEW LUXURY BLDG

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Dormitory

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

2025

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

7,000 SF

ZONING

3900:MULTI-FAM,38-62 U/A

APN/PARCEL ID

01-4102-005-1650,01-4102-048-0001

ASK ABOUT THIS PROPERTY

Ricky KallabatKW CommercialMore Info
305-747-5117

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Ricky KallabatKW CommercialMore Info
305-747-5117

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.