Multifamily

1644 SW 2nd Street

Listing Price: $975,000

Cap Rate
5.01%
Number of Units
6
GRM
12.85
Occupancy
97.00%
Price/Unit
$162,500
Price/Gross SF
$242.18
Gross SF
4,026

Investment Overview

Marcus & Millichap, as exclusive listing agent, is pleased to offer for sale 1644 SW 2nd Street, a 6-unit apartment building located in the highly sought-after Little Havana neighborhood in the City of Miami. Built in 1971, and featuring a unit mix comprised of two 2-bedroom/1 bathroom and four 1-bedroom/1 bathroom units, 1644 SW 2nd Street sits on a lot of 7,500 sq ft, zoned T4-L.

1644 SW 2nd Street is located in Little Havana, a highly desirable area within Miami-Dade County because of the close proximity to Downtown Miami and the Brickell area. This is a significant advantage and the main reason to attract tenants that will look to live in an up and coming neighborhood within very close proximity to major employers and enjoy access to main traffic arteries such as Interstate 95 and 836 Expressway. West Flagler and the world Southwest 8th Street (Calle Ocho) are a few blocks away. Moreover, The Jackson Memorial Hospital, PortMiami and the Miami International Airport are within a short driving distance. These are the biggest employers in Miami-Dade County. These variables create a centrally located place to live with high demand for rentals, translating into properties commanding high rents with a very low vacancy at all times.

Investment Highlights

  • Exceptional Condition 1971 Concrete Construction
  • Favorable Mix of 2 & 1 Bedroom Units
  • On-Site Parking & Laundry Facility
  • 40-Year Re-certification Completed
  • 7,500 Sq Ft Lot Zoned T4-L
  • 100% Occupied with Upside in Rental Income

Exclusively Listed By

Listing Price: $975,000

Cap Rate
5.01%
Number of Units
6
GRM
12.85
Occupancy
97.00%
Price/Unit
$162,500
Price/Gross SF
$242.18
Gross SF
4,026

Investment Highlights

  • Exceptional Condition 1971 Concrete Construction
  • Favorable Mix of 2 & 1 Bedroom Units
  • On-Site Parking & Laundry Facility
  • 40-Year Re-certification Completed
  • 7,500 Sq Ft Lot Zoned T4-L
  • 100% Occupied with Upside in Rental Income

Investment Overview

Marcus & Millichap, as exclusive listing agent, is pleased to offer for sale 1644 SW 2nd Street, a 6-unit apartment building located in the highly sought-after Little Havana neighborhood in the City of Miami. Built in 1971, and featuring a unit mix comprised of two 2-bedroom/1 bathroom and four 1-bedroom/1 bathroom units, 1644 SW 2nd Street sits on a lot of 7,500 sq ft, zoned T4-L.

1644 SW 2nd Street is located in Little Havana, a highly desirable area within Miami-Dade County because of the close proximity to Downtown Miami and the Brickell area. This is a significant advantage and the main reason to attract tenants that will look to live in an up and coming neighborhood within very close proximity to major employers and enjoy access to main traffic arteries such as Interstate 95 and 836 Expressway. West Flagler and the world Southwest 8th Street (Calle Ocho) are a few blocks away. Moreover, The Jackson Memorial Hospital, PortMiami and the Miami International Airport are within a short driving distance. These are the biggest employers in Miami-Dade County. These variables create a centrally located place to live with high demand for rentals, translating into properties commanding high rents with a very low vacancy at all times.

Exclusively Listed By

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