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Multifamily

Little Havana Multifamily

885 SW 29th Ave, Miami, FL 33135

Listing Price: $1,500,000

Cap Rate
5.21%
Number of Units
7
GRM
13.40
Price/Unit
$214,286
Price/Gross SF
$491.80
Gross SF
3,050

Investment Overview

Marcus & Millichap, As Exclusive Listing Agent, Is Pleased to Offer for Sale, 885
SW 29th Ave , Miami, Florida, a Seven-unit Apartment Building. The Property Is a Onestory
Concrete Block Construction Building. The Unit Mix Is Comprised of Five Studios,
One one-bedroom/one-bathroom Unit and One Two-bedroom/one-bathroom Unit.
885 SW 29th Ave 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, Port Miami, 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. In Addition, Several Major National Retailers (such As The Home Depot,
Sedano’s, CVS and UPS, etc.) Are A Few Blocks From The Subject Giving The Tenants A
Very Convenient Access to Groceries and Is Also Within Walking Distance from Miami
Dade College – Padrón Campus within Public Transportations.

Owner Financing Available

Investment Highlights

  • Excellent Location within West Little Havana, Steps away from Calle Ocho
  • Great Unit Mix of Studios, One Bedrooms, and Two Bedrooms Apartment Units
  • A Few Blocks Away from National Retailers, Such As The Home Depot, Sedano's and CVS, etc.
  • Walking Distance from Miami Dade College – Padrón Campus with 6,500 Students
  • Month to Month Tenants with 100% Historical Occupancy
  • Population Exceeding 548,363 within a 5-mile Radius
  • Building Recertification Completed in 2023
  • Owner Financing Available

Exclusively Listed By

Financing By

Multifamily

Little Havana Multifamily

Listing Price: $1,500,000

Cap Rate
5.21%
Number of Units
7
GRM
13.40
Price/Unit
$214,286
Price/Gross SF
$491.80
Gross SF
3,050

Investment Highlights

  • Excellent Location within West Little Havana, Steps away from Calle Ocho
  • Great Unit Mix of Studios, One Bedrooms, and Two Bedrooms Apartment Units
  • A Few Blocks Away from National Retailers, Such As The Home Depot, Sedano's and CVS, etc.
  • Walking Distance from Miami Dade College – Padrón Campus with 6,500 Students
  • Month to Month Tenants with 100% Historical Occupancy
  • Population Exceeding 548,363 within a 5-mile Radius
  • Building Recertification Completed in 2023
  • Owner Financing Available

Investment Overview

Marcus & Millichap, As Exclusive Listing Agent, Is Pleased to Offer for Sale, 885 SW 29th Ave , Miami, Florida, a Seven-unit Apartment Building. The Property Is a Onestory Concrete Block Construction Building. The Unit Mix Is Comprised of Five Studios, One one-bedroom/one-bathroom Unit and One Two-bedroom/one-bathroom Unit. 885 SW 29th Ave 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, Port Miami, 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. In Addition, Several Major National Retailers (such As The Home Depot, Sedano’s, CVS and UPS, etc.) Are A Few Blocks From The Subject Giving The Tenants A Very Convenient Access to Groceries and Is Also Within Walking Distance from Miami Dade College – Padrón Campus within Public Transportations. Owner Financing Available

Exclusively Listed By

Financing By

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