1553 SW 2nd St - Apartments FOR SALE


Miami, FL 33135- Little Havana
$6,500,000 USD
305-340-8901
1553 SW 2nd St, Miami, FL for Sale
$6,500,000 USD
Apartments - FOR SALE
1/25
null | Request Cap Rate

1553 SW 2nd St
Miami, FL 33135
Little Havana


HIGHLIGHTS

  • Zoned T5-L, supporting continued residential use and short-term rental
  • 2009 construction — turn-key, loft-style layouts with central A/C, and no major capital projects required
  • Gated on-site parking and in-unit washer/dryer in every unit

OVERVIEW

Situated on SW 2nd Street in the heart of East Little Havana, this 2009- construction apartment building consists of 21 residential units totaling 22,336 SF on a 15,000 SF lot, offering turn-key in-place income and significant long-term investment potential in one of Miami's most strategically positioned urban submarkets. East Little Havana continues to experience substantial growth due to its central location and connectivity to Miami's major employment and lifestyle centers, including Downtown Miami, Brickell, the Health District, and Miami International Airport. The property benefits from direct access via HWY 836, a location just one block from loanDepot Park, and proximity to Calle Ocho, one of Miami's most recognized cultural corridors. Constructed in 2009, the asset is a genuinely turn-key offering that spares an investor the major capital projects typical of older Little Havana stock. Each of the 21 one-bedroom units features 1.5 baths, loft-style layouts, central A/C, and an in-unit washer/dryer, with gated on-site ground-floor parking and the option to sub-meter individual water meters. With strong in-place rents and a clear mark-to-market runway, this building represents a durable income-producing asset with meaningful rent upside.

FOR SALE DETAILS

PRICE

$6,500,000 USD

PRICE/SF

$499 USD /SF

# OF UNITS

21

PRICE/UNIT

$309,524

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Ibiza Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

2009

PARKING SPACES

26

LAND DETAILS

LAND ACRES

0.34 AC

LAND SF

14,985 SF

ZONING

T5-L

APN/PARCEL ID

01-4102-006-1570

ASK ABOUT THIS PROPERTY

Mauricio VillasusoFausto Commercial Realty ConsultantsMore Info
305-340-8901

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Mauricio VillasusoFausto Commercial Realty ConsultantsMore Info
305-340-8901

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