16-Units: 720 SW 5 ST + 527 SW 7 CT Multi-Family FOR SALE


Miami, FL - Little Havana
$3,395,000 USD
305-399-9283
, Miami, FL for Sale
$3,395,000 USD
Multi-Family - FOR SALE
1/22
null | 5.42% Cap Rate

16-Units: 720 SW 5 ST + 527 SW 7 CT
Miami, FL
Little Havana


HIGHLIGHTS

  • Consistently 100% occupied with steady leasing demand, offering reliable income from day one
  • Significant upside by obtaining 40-Year Recertifications, renovations, and adding Section 8 income
  • Eastern Little Havana location in Riverside, the closest to I-95, Brickell and Downtown
  • Walkable to community hubs, parks, schools and vibrant Calle Ocho's culture and entertainment sites

OVERVIEW

THE ALPHA COMMERCIAL ADVISORS IS PLEASED TO INTRODUCE A 16-UNIT MULTI-FAMILY IN 2 ADJACENT BUILDINGS IN THE HIGH-DEMAND, EASTERN-MOST QUADRANT OF LITTLE HAVANA, KNOWN AS THE RIVERSIDE DISTRICT. Each building features an almost identical 8-unit layout for a total of 16 units across about 10,500 Sq. Ft. of total leasable area and a contiguous 0.24-acre footprint. This offering presents a rare opportunity to acquire a stabilized asset with significant upside potential in one of Miami’s most culturally rich and rapidly transforming neighborhoods. There's considerable room to modernize interiors, upgrade fixtures, and improve the façade—paving the way for even stronger returns. - Ideal size with 16 units in total for efficient property management scale - Stabilized Cash-Flow: Consistently 100% occupied with steady leasing demand… units are never vacant for long, offering reliable income from day one! - Value-Add Opportunity: Plenty of room to improve facade and fixtures, plus all flexible month-to-month tenancies support buyer’s ability to raise rents toward more premium rates (currently at below market rents). Buildings are also pending 40-year recertifications. Pro-forma income of $239,248 compared to the current NOI of approx. $183,926, which accounts for re-assessed taxes. - Prime Eastern Location: Seamless accessibility to I-95 and superior proximity to Brickell and Downtown Miami - Walkable Cultural Hub: Ideally positioned in the developing Little Havana neighborhood, only blocks from community facilities and Calle Ocho, the area’s famed entertainment & retail corridor.

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Elina StolyarThe Alpha CommercialMore Info
305-399-9283

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Elina StolyarThe Alpha CommercialMore Info
305-399-9283

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