Stabilized 24-Unit Multifamily Portfolio Multi-Family FOR SALE


Miami, FL - Little Havana
$5,200,000 USD
305-340-8901
, Miami, FL for Sale
$5,200,000 USD
Multi-Family - FOR SALE
1/19
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Stabilized 24-Unit Multifamily Portfolio
Miami, FL
Little Havana


HIGHLIGHTS

  • Two-building, 24-unit portfolio in Miami’s Little Havana rental corridor.
  • Extensive 2015 gut-renovations, including plumbing, electrical, and structural upgrades.
  • Stabilized in-place income with compelling upside through rent adjustments.
  • T5-O zoning with Live Local Act eligibility supports redevelopment flexibility.
  • Prime infill location with direct access to Brickell, Downtown, and major employment hubs.
  • Positioned in a supply-constrained submarket with resilient demand drivers.

OVERVIEW

Fully Renovated Two-Building Multifamily Portfolio in the Heart of Little Havana. Located on SW 7th Street in Little Havana, this two-building portfolio consists of 24 residential units situated on a 15,000 SF lot, delivering stable in-place income with a renovated, turnkey asset profile and no immediate capital expenditure requirements. Both buildings underwent a comprehensive gut renovation in 2015, including new plumbing, updated electrical infrastructure, and reinforced floor structures. With a current gross income of $402,276 and a pro forma gross income of $590,400, the portfolio presents a compelling value-add story with clear upside through rental rate normalization — units are currently averaging below market rents, offering an investor the opportunity to capture a 6.68% pro forma cap rate. Little Havana continues to experience strong rental demand driven by its central location and direct connectivity to Miami's major employment hubs, including Downtown Miami, Brickell, the Health District, Coral Gables, and Miami International Airport. The neighborhood's affordability relative to surrounding submarkets, combined with ongoing private investment and revitalization, creates a resilient and growing tenant pool for multifamily investors seeking stable long-term returns.

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Mauricio VillasusoFausto Commercial Realty ConsultantsMore Info
305-340-8901

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Mauricio VillasusoFausto Commercial Realty ConsultantsMore Info
305-340-8901

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