502 SW 13th Ave - Apartments FOR SALE


Miami, FL 33135- Little Havana
$1,325,000 USD
305-992-5626
502 SW 13th Ave, Miami, FL for Sale
$1,325,000 USD
Apartments - FOR SALE
1/4
null | 4.64% Cap Rate

502 SW 13th Ave
Miami, FL 33135
Little Havana


HIGHLIGHTS

  • Situated in the heart of Little Havana, just minutes from Downtown Miami, Brickell, and the Miami River District.
  • The neighborhood is thriving, with high rental demand, making it easier to attract tenants at higher rates.

OVERVIEW

Prime 4-Unit Investment Opportunity in Little Havana Unlock the potential of this well-located fourplex in the heart of Little Havana, just minutes from Downtown Miami, Brickell, and the Miami River District. Each of the four units is currently rented at $1,750/month, significantly below market value. With strong rental demand in this thriving neighborhood, units can easily be brought up to market rents of approximately $2,500/month, offering immediate upside and strong cash-flow potential. 50 year recertification completed end of 2023

FOR SALE DETAILS

PRICE

$1,325,000 USD

PRICE/SF

$406 USD /SF

# OF UNITS

4

PRICE/UNIT

$331,250

CAP RATE

4.64%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Lawrence Estates

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1974

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.12 AC

LAND SF

5,225 SF

ZONING

3901

APN/PARCEL ID

01-4102-006-5250

ASK ABOUT THIS PROPERTY

Ileana Rodriguez P.A.Re/Max Advance Realty IIMore Info
305-992-5626

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Ileana Rodriguez P.A.Re/Max Advance Realty IIMore Info
305-992-5626

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