550 SW 10th St - Apartments FOR SALE


Miami, FL 33130- Little Havana
$2,299,000 USD
305-343-9554
550 SW 10th St, Miami, FL for Sale
$2,299,000 USD
Apartments - FOR SALE
1/40
null | 7.46% Cap Rate

550 SW 10th St
Miami, FL 33130
Little Havana


OVERVIEW

Welcome to Havana House. This 8-unit building comprises large one-bedroom, one-bath units, all with assigned parking. Three of the units have been remodeled, and the remaining five are in good condition. The roof was replaced in 2024, and all windows are impact-resistant. Plumbing was upgraded in 2023, along with the laundry facility. The building was recently painted and is ready for sale. All tenants are on month-to-month leases. Its proximity to Brickell and Little Havana makes this an ideal location for short-term rentals. The property has completed its 40-year recertification. With market rent at $2,100 per unit, the yearly income can be $192,000, with a CAP rate of over 7%. Please call the listing agent and do not disturb the tenants.

FOR SALE DETAILS

PRICE

$2,299,000 USD

PRICE/SF

$497 USD /SF

# OF UNITS

8

PRICE/UNIT

$287,375

CAP RATE

7.46%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Dormitory

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1954

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,501 SF

ZONING

R-3

APN/PARCEL ID

01-0207-090-1050

ASK ABOUT THIS PROPERTY

Miguel SolisDouglas EllimanMore Info
305-343-9554

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

Miguel SolisDouglas EllimanMore Info
305-343-9554

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