2190 SW 14th Ter - Apartments FOR SALE


Miami, FL 33145- Coral Way
$1,650,000 USD
305-632-7195
2190 SW 14th Ter, Miami, FL for Sale
$1,650,000 USD
Apartments - FOR SALE
1/52
null | 5.01% Cap Rate

2190 SW 14th Ter
Miami, FL 33145
Coral Way


HIGHLIGHTS

  • Fully renovated with new roof, electrical, impact windows and doors, HVAC, and uniform full interior updates
  • 6 units: 2 studios and 4 one-bed/one-bath apartments
  • 6 onsite parking spaces
  • Owned onsite coin-less laundry machines

OVERVIEW

Introducing 2190 SW 14th Terrace, a fully renovated, 100% leased 6-unit multifamily asset in the heart of Shenandoah, one of central Miami's most established rental corridors. A comprehensive 2020 renovation addressed major building components, leaving a turnkey asset with effectively no near-term capex exposure. Scope included a new roof, hurricane-rated impact windows and doors, individual mini-split HVAC in five units (central AC in the sixth), a full interior gut with new tile flooring, fully updated kitchens and bathrooms, new electrical, perimeter fencing, owned coinless laundry, and tankless water heaters. The unit mix consists of 2 studios (approx. 450 SF) and 4 one-bed/one-bath apartments (approx. 600 SF), each with an assigned on-site parking space. The property delivers stabilized in-place income of $132,000 annually, with all leases running through mid-2027. This provides income visibility and a long runway of operational stability for a new owner, with a clear organic path to $138,000 stabilized gross as four modestly under-market units roll to market on renewal. Centrally positioned minutes from Brickell, the Health District, Coral Gables, Coconut Grove, and Calle Ocho, the property sits at a higher elevation than Miami's coastal submarkets, a growing consideration for lenders and insurers as flood-risk underwriting tightens.

FOR SALE DETAILS

PRICE

$1,650,000 USD

PRICE/SF

$656 USD /SF

# OF UNITS

6

PRICE/UNIT

$275,000

CAP RATE

5.01%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1957

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.11 AC

LAND SF

4,739 SF

ZONING

R-3, Miami

APN/PARCEL ID

01-4110-059-0311

ASK ABOUT THIS PROPERTY

Jesse SpencerJ+ Group | Compass CommercialMore Info
305-632-7195

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Jesse SpencerJ+ Group | Compass CommercialMore Info
305-632-7195

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