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Multifamily

Little Havana Apartments

845 SW 4th St, Miami, FL 33130

Listing Price: $1,100,000

Cap Rate
5.35%
Number of Units
9
GRM
11.04
Occupancy
88.0%
Price/Unit
$122,222
Price/Gross SF
$217.35
Gross SF
5,061

Investment Overview

Marcus & Millichap is proud to present East Little Havana Apartments, a nine-unit multifamily opportunity located in Miami, Florida. East Little Havana Apartments, located at 845 SW 4th Street is comprised of an eight unit apartment building consisting of all one-bedroom, one bathroom units, along with a detached two-bedroom, one-bathroom house. The properties are situated on a 0.17 acre lot and were constructed in 1930, however its 40 year recertification was recently completed in 2020. This is a great opportunity for a savvy investor to take advantage of a management play and immediately begin increasing occupancy and rents.

845 SW 4th Street is located in Miami's Little Havana neighborhood which has seen much activity from investors in the past few years due to its close proximity to Miami's downtown corridor & major demand and employment generators. Little Havana is one of the strongest rental submarkets in Dade County and is transitioning into a trendy destination for both Miami residents and visitors as it has become a social and cultural center that hosts several high-profile and well-attended events annually. The submarket is also home to some of Miami's most popular bars and restaurants along famed Calle Ocho, which is only 4 blocks away.

The rapid expansion of Downtown Miami's urban core over the past decade has pushed development boundaries westward into East Little Havana, attracting apartment developers and investors that are seeking older apartment buildings and the developable land. This property's' centralized location, high population density, ease of access to public transportation and walkability to local attractions make it highly desirable for investors and tenants alike. 845 SW 4th Street is the perfect value-add opportunity for an investor to take advantage of the below market rents and upside in occupancy.

Investment Highlights

  • 40 Year Re-Certification Completed In 2020
  • Onsite Parking and Upgrades Such as Hurricane Shutters and Video Security System
  • Units Are Separately Metered For Water Consumption
  • Significant Occupancy & Rental Rate Upside - Management Play
  • Close Proximity to I-95, Downtown Miami, Brickell, UM Jackson Health and Calle Ocho
  • Walkability Score of 88 and Transit Score of 92

Exclusively Listed By

Multifamily

Little Havana Apartments

Listing Price: $1,100,000

Cap Rate
5.35%
Number of Units
9
GRM
11.04
Occupancy
88.0%
Price/Unit
$122,222
Price/Gross SF
$217.35
Gross SF
5,061

Investment Highlights

  • 40 Year Re-Certification Completed In 2020
  • Onsite Parking and Upgrades Such as Hurricane Shutters and Video Security System
  • Units Are Separately Metered For Water Consumption
  • Significant Occupancy & Rental Rate Upside - Management Play
  • Close Proximity to I-95, Downtown Miami, Brickell, UM Jackson Health and Calle Ocho
  • Walkability Score of 88 and Transit Score of 92

Investment Overview

Marcus & Millichap is proud to present East Little Havana Apartments, a nine-unit multifamily opportunity located in Miami, Florida. East Little Havana Apartments, located at 845 SW 4th Street is comprised of an eight unit apartment building consisting of all one-bedroom, one bathroom units, along with a detached two-bedroom, one-bathroom house. The properties are situated on a 0.17 acre lot and were constructed in 1930, however its 40 year recertification was recently completed in 2020. This is a great opportunity for a savvy investor to take advantage of a management play and immediately begin increasing occupancy and rents.

845 SW 4th Street is located in Miami's Little Havana neighborhood which has seen much activity from investors in the past few years due to its close proximity to Miami's downtown corridor & major demand and employment generators. Little Havana is one of the strongest rental submarkets in Dade County and is transitioning into a trendy destination for both Miami residents and visitors as it has become a social and cultural center that hosts several high-profile and well-attended events annually. The submarket is also home to some of Miami's most popular bars and restaurants along famed Calle Ocho, which is only 4 blocks away.

The rapid expansion of Downtown Miami's urban core over the past decade has pushed development boundaries westward into East Little Havana, attracting apartment developers and investors that are seeking older apartment buildings and the developable land. This property's' centralized location, high population density, ease of access to public transportation and walkability to local attractions make it highly desirable for investors and tenants alike. 845 SW 4th Street is the perfect value-add opportunity for an investor to take advantage of the below market rents and upside in occupancy.

Exclusively Listed By

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