1630 NW 18th St - Apartments FOR SALE


Miami, FL 33125- Allapattah
$3,890,000 USD
786-223-1568
1630 NW 18th St, Miami, FL for Sale
$3,890,000 USD
Apartments - FOR SALE
1/14
null | 6.05% Cap Rate

1630 NW 18th St
Miami, FL 33125
Allapattah


HIGHLIGHTS

  • Fully renovated 12-unit property features a brand new roof, high-impact windows, updated flooring, modern appliances, and completely upgraded plumbing
  • The property is conveniently located just minutes from Jackson Memorial Hospital, close to Miami International Airport, and 10 minutes from downtown
  • This prime investment opportunity offers a strong 6% cap rate and a turnkey property that's fully renovated and ready for immediate income generation.
  • The property is fully gated with secured entry and features a monitored security camera system, ensuring enhanced safety and peace of mind.

OVERVIEW

Turnkey 12-unit multifamily investment with a strong 6% CAP rate in the heart of Miami! Fully renovated building with eight 2BD/1BA units and four large 2BD + den/1BA units. Upgrades include a new roof, impact windows, plumbing, electrical, A/C units, modern bathrooms and kitchens with new appliances, stylish flooring, fresh paint, and security system. The property offers 18 motor gated parking spaces, a new laundry facility, a mechanical room, and storage. It is located in the Health District near Jackson Memorial, Miami International Airport, and major highways. Ideal for a stable rental income. Call Andreina Zambrano (786.) 925-5170. Seller financing available.

FOR SALE DETAILS

PRICE

$3,890,000 USD

PRICE/SF

$424 USD /SF

# OF UNITS

12

PRICE/UNIT

$324,167

CAP RATE

6.05%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Manufactured Housing/Mobile Housing

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1969

PARKING SPACES

18

LAND DETAILS

LAND ACRES

0.3 AC

LAND SF

13,192 SF

ZONING

R-4

APN/PARCEL ID

01-3135-005-2350

ASK ABOUT THIS PROPERTY

Ricardo HernandezONE Sotheby's International RealtyMore Info
786-223-1568

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Ricardo HernandezONE Sotheby's International RealtyMore Info
786-223-1568

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