400-420 NW South River Dr - Apartments FOR SALE


Miami, FL 33128- Little Havana
$2,500,000 USD
305-209-8866
400-420 NW South River Dr, Miami, FL for Sale
$2,500,000 USD
Apartments - FOR SALE
1/57
null | Request Cap Rate

400-420 NW South River Dr
Miami, FL 33128
Little Havana


HIGHLIGHTS

  • Located along South River Drive with unique river views and direct access to one of Miami’s fastest-developing corridors.
  • Minutes from Downtown, Brickell, and the Health District, offering strong tenant demand and connectivity to major employment hubs.
  • Fully occupied with in-place cash flow and potential for rent increases through interior renovations, as current rents are below market averages.
  • Positioned in a culturally rich and historically significant neighborhood undergoing rapid redevelopment and gentrification.
  • Easy access to I-95, US-1, public transit, and major retail and dining destinations, enhancing long-term tenant retention.

OVERVIEW

The Porosoff Group is pleased to present the exclusive offering of 400-420 NW South River Drive, an 11-unit multifamily property located in the heart of Little Havana along the Miami River. This two-story building offers a mix of spacious units catering to strong local rental demand, with direct frontage on South River Drive providing tenants with unique views and proximity to Downtown Miami. Strategically positioned just minutes from Brickell, Downtown, and the Health District, the property benefits from easy access to major employment centers, public transit, and key Miami attractions. The asset offers investors stable in-place income with additional upside through interior upgrades and rent adjustments, as current rents are below market levels. Little Havana remains one of Miami’s most culturally vibrant and historically rich neighborhoods, experiencing continuous redevelopment and investment. This offering presents an exceptional opportunity to acquire a well-located multifamily property with significant long-term value appreciation and cash flow potential in a prime urban infill location.

FOR SALE DETAILS

PRICE

$2,500,000 USD

PRICE/SF

$360 USD /SF

# OF UNITS

11

PRICE/UNIT

$227,273

CAP RATE

Request Cap Rate

% LEASED

90%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

River Edge Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1923

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

6,098 SF

ZONING

T5-L

APN/PARCEL ID

01-4138-003-0100,01-4138-003-0110

ASK ABOUT THIS PROPERTY

Arthur PorosoffCompass Florida LLCMore Info
305-209-8866

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Arthur PorosoffCompass Florida LLCMore Info
305-209-8866

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