1760 SW 13th St - Apartments FOR SALE


Miami, FL 33145- Coral Way
$3,750,000 USD
954-529-3017
1760 SW 13th St, Miami, FL for Sale
$3,750,000 USD
Apartments - FOR SALE
1/3
null | Request Cap Rate

1760 SW 13th St
Miami, FL 33145
Coral Way


HIGHLIGHTS

  • Located in the desirable Shenandoah neighborhood, Just blocks away from Calle Ocho
  • Less than 1 mile from various parks and libraries
  • Less than 3 miles from Brickell City Center and Medical District
  • Easily accessible with excellent public transit routes
  • Diverse unit mix catering to versatile tenant base
  • 14 rare off-street parking spaces

OVERVIEW

The Corona Apartments is an 18-unit apartment building located in the highly sought after Shenandoah neighborhood. This desirable area offers a dynamic yet residential lifestyle, with frequent community events and easy access to neighborhood amenities such as Bryan Park, Shenandoah Park, the Shenandoah Branch Library, and the vibrant Calle Ocho corridor - each offering a variety of recreational, cultural, and dining experiences. Tucked within a peaceful residential pocket and surrounded by upscale single-family homes, the property provides both long-term stability and strong rental demand. The property consists of 15 studio units (approximately 495 square feet) and three one-bedroom units (approximately 725 square feet), catering to a diverse tenant base. It also offers 14 designated, off-street parking spaces - a valuable amenity not commonly seen at comparable properties. Built in 1925 with concrete block construction and wood built-up roofs, the property has been meticulously maintained throughout its lifetime. The property sits on a lot just over a quarter-acre, offering a well-proportioned footprint for the 18-unit configuration. Corona Apartments is being offered for $3,750,000, presenting a rare opportunity to acquire a well-maintained property in a highly desirable neighborhood. The property offers stable in-place rents and is well-positioned for long-term growth as the neighboring Little Havana Submarket is experiencing tremendous growth and revitalization. With its prime location, strong tenant demand, historic charm, rare amenities, and proximity to local hubs, this opportunity offers investors a stable asset with a strong upside in an evolving market.

FOR SALE DETAILS

PRICE

$3,750,000 USD

PRICE/SF

$362 USD /SF

# OF UNITS

18

PRICE/UNIT

$208,333

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Corona Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1925

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.27 AC

LAND SF

11,800 SF

ZONING

0100

APN/PARCEL ID

01-4110-064-0640

ASK ABOUT THIS PROPERTY

Felipe EcharteMarcus & MillichapMore Info
954-529-3017

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Felipe EcharteMarcus & MillichapMore Info
954-529-3017

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