147 NW 61st St - Apartments FOR SALE


Miami, FL 33127- Little Haiti
$2,190,000 USD
786-261-5393
147 NW 61st St, Miami, FL for Sale
$2,190,000 USD
Apartments - FOR SALE
1/20
null | 6% Cap Rate

147 NW 61st St
Miami, FL 33127
Little Haiti


HIGHLIGHTS

  • One mile north of the Miami Design District with fast access to I-95 and I-195
  • Four spacious 4-bedroom units — the scarcest, most in-demand voucher layout in Miami-Dade
  • 100% leased to Section 8 tenants, rent paid directly by the housing authority each month
  • Brand-new 2025 concrete block construction with active builder warranty and minimal near-term capex
  • $180,756 in-place annual income at a 6% going-in cap rate, net of buyer's reassessed taxes
  • Built-in upside: two units rent below the level already approved on a comparable unit here

OVERVIEW

Brand-new 2025-built fourplex for sale in Miami's Little Haiti — 100% leased to Section 8 tenants, all spacious 4-bedroom units, producing $180,756 in authority-paid annual income at a 6% going-in cap rate. This is a durable, recession-resistant income play for investors seeking reliable cash flow. The all four-bedroom configuration is the scarcest and most in-demand voucher layout across Miami-Dade, carrying the deepest Section 8 demand, with rent paid directly by the housing authority each month. The property is a fourplex of four large four-bedroom residences totaling 6,299 SF of building area on a 9,250 SF lot. Concrete block construction built to current Florida hurricane codes, separately metered units, and an active builder warranty keep operating costs and near-term capital needs low, and tenants pay their own utilities. Zoned T3-O. The 6% going-in cap rate is based on a single owner-operator proforma that already includes the buyer's reassessed, post-sale property taxes. Two of the four units rent below the level already approved on a comparable unit in the building, leaving a clear path to additional income at renewal. Located in the Little Haiti / Buena Vista submarket, one mile north of the Miami Design District and minutes from Wynwood, Midtown, I-95, and I-195. Offered at $547,500 per unit — below the cost to build the same product today — in one of Miami's most rental-driven corridors.

FOR SALE DETAILS

PRICE

$2,190,000 USD

PRICE/SF

$408 USD /SF

# OF UNITS

4

PRICE/UNIT

$547,500

CAP RATE

6%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

New 2025 Construction Fourplex | 100% Leased

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2025

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

T3-O

APN/PARCEL ID

-

ASK ABOUT THIS PROPERTY

Robin PerezFausto Commercial Realty ConsultantsMore Info
786-261-5393

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Robin PerezFausto Commercial Realty ConsultantsMore Info
786-261-5393

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