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Multifamily

1923 SW 2nd St

1923 SW 2nd St, Miami, FL 33135

Listing Price: $1,200,000

Cap Rate
4.07%
Number of Units
6
Occupancy
95.0%
Price/Unit
$200,000
Price/Gross SF
$314.38
Gross SF
3,817

Investment Overview

Marcus & Millichap, as exclusive listing agent, is pleased to offer for sale, 1923 SW 2nd Street, Miami, Florida a six-unit apartment building. The property is a two-story concrete block construction building with a hip roof and off-street parking spaces and a laundry facility. The unit mix is comprised of two one-bedroom/one-bathroom units and four two-bedroom/one-bathroom units. The units have installed submeters for water and individual electric meters. Landlord is responsible for the trash removal. The property has the 40-year recertification in place. 1923 SW 2nd Street is located within the highly sought-after West Little Havana neighborhood. This rental market has become one the fastest growing neighborhoods in Miami-Dade County. There are over 510,000 residents within a five-mile radius of the property. Little Havana is centrally located with the Jackson Memorial Hospital and The Hospital District to the north, PortMiami, Brickell and downtown Miami to the east, Coral Gables and Coconut Grove to the south and the Miami International Airport to the west. The proximity to major employers in South Florida, convenient access to major thoroughfares and public transportation are a few of the reasons Little Havana has become one of the most desirable locations to live. Due to the demand for rental units, there has been an upward pressure in rental rates which has made the supply for rental units scarce. Over the last five years, there have been several new commercial and residential developments in the neighborhood, which enhances the quality of life for residents and visitors of Little Havana. Moreover, 1923 SW 2nd Street is situated two blocks south of W Flagler Street which is one of the main corridors in this neighborhood. In addition, Publix Supermarket is within two blocks from the subject giving the tenants a very convenient access to groceries and is also within walking distance from public transportation.

Investment Highlights

  • Seller Financing Available for a Qualified Buyer
  • Great Unit Mix of One and Two-Bedroom Units
  • Excellent Location within Little Havana
  • Two Blocks Away from Publix Supermarket and Public Transportation
  • Off-Street Parking Spaces
  • Concrete Block Construction Property
  • Laundry Facility
  • Installed Water Submeters for Each Unit

Exclusively Listed By

Financing By

Multifamily

1923 SW 2nd St

Listing Price: $1,200,000

Cap Rate
4.07%
Number of Units
6
Occupancy
95.0%
Price/Unit
$200,000
Price/Gross SF
$314.38
Gross SF
3,817

Investment Highlights

  • Seller Financing Available for a Qualified Buyer
  • Great Unit Mix of One and Two-Bedroom Units
  • Excellent Location within Little Havana
  • Two Blocks Away from Publix Supermarket and Public Transportation
  • Off-Street Parking Spaces
  • Concrete Block Construction Property
  • Laundry Facility
  • Installed Water Submeters for Each Unit

Investment Overview

Marcus & Millichap, as exclusive listing agent, is pleased to offer for sale, 1923 SW 2nd Street, Miami, Florida a six-unit apartment building. The property is a two-story concrete block construction building with a hip roof and off-street parking spaces and a laundry facility. The unit mix is comprised of two one-bedroom/one-bathroom units and four two-bedroom/one-bathroom units. The units have installed submeters for water and individual electric meters. Landlord is responsible for the trash removal. The property has the 40-year recertification in place. 1923 SW 2nd Street is located within the highly sought-after West Little Havana neighborhood. This rental market has become one the fastest growing neighborhoods in Miami-Dade County. There are over 510,000 residents within a five-mile radius of the property. Little Havana is centrally located with the Jackson Memorial Hospital and The Hospital District to the north, PortMiami, Brickell and downtown Miami to the east, Coral Gables and Coconut Grove to the south and the Miami International Airport to the west. The proximity to major employers in South Florida, convenient access to major thoroughfares and public transportation are a few of the reasons Little Havana has become one of the most desirable locations to live. Due to the demand for rental units, there has been an upward pressure in rental rates which has made the supply for rental units scarce. Over the last five years, there have been several new commercial and residential developments in the neighborhood, which enhances the quality of life for residents and visitors of Little Havana. Moreover, 1923 SW 2nd Street is situated two blocks south of W Flagler Street which is one of the main corridors in this neighborhood. In addition, Publix Supermarket is within two blocks from the subject giving the tenants a very convenient access to groceries and is also within walking distance from public transportation.

Exclusively Listed By

Financing By

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