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Multifamily

Summit 312

312 SW 15th Ave, Miami, FL 33135

Listing Price: $640,000

Cap Rate
5.42%
Number of Units
4
GRM
10.67
Occupancy
95.0%
Price/Unit
$160,000
Price/Gross SF
$218.58
Gross SF
2,928

Investment Overview

Marcus & Millichap, as exclusive listing agent, is pleased to offer for sale Summit 312, a four-unit building located at 312 SW 15th Avenue in Miami, Florida. Summit 312 is a two two-story building constructed of concrete block with a flat roof. All the apartments are two-bedroom / one-bathroom units. The residential units have tile floors and individual wall air-conditioning units. Utilities such as water, sewer and trash removal are included in the monthly rent.

Summit 312 is located in the highly sought-after Little Havana neighborhood. This rental market has become the epicenter for rental properties in Miami-Dade County. There are over 510,000 residents within a five-mile radius of the property. Little Havana is centrally located with 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; therefore, there is very little supply of units. 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, Summit 312 is within very close distance from West Flagler Street which is a major corridor with retail and commercial activity and Southwest 8th Street (Calle Ocho) which is the most famous and touristic street in Little Havana.

Investment Highlights

  • Concrete Block Construction
  • Walking Distance from Southwest 8th Street (Calle Ocho)
  • Off-Street Parking
  • All Two-Bedroom / One-Bathroom Units
  • Easy to Manage Property
  • Excellent Little Havana Location

Exclusively Listed By

Listing Price: $640,000

Cap Rate
5.42%
Number of Units
4
GRM
10.67
Occupancy
95.0%
Price/Unit
$160,000
Price/Gross SF
$218.58
Gross SF
2,928

Investment Highlights

  • Concrete Block Construction
  • Walking Distance from Southwest 8th Street (Calle Ocho)
  • Off-Street Parking
  • All Two-Bedroom / One-Bathroom Units
  • Easy to Manage Property
  • Excellent Little Havana Location

Investment Overview

Marcus & Millichap, as exclusive listing agent, is pleased to offer for sale Summit 312, a four-unit building located at 312 SW 15th Avenue in Miami, Florida. Summit 312 is a two two-story building constructed of concrete block with a flat roof. All the apartments are two-bedroom / one-bathroom units. The residential units have tile floors and individual wall air-conditioning units. Utilities such as water, sewer and trash removal are included in the monthly rent.

Summit 312 is located in the highly sought-after Little Havana neighborhood. This rental market has become the epicenter for rental properties in Miami-Dade County. There are over 510,000 residents within a five-mile radius of the property. Little Havana is centrally located with 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; therefore, there is very little supply of units. 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, Summit 312 is within very close distance from West Flagler Street which is a major corridor with retail and commercial activity and Southwest 8th Street (Calle Ocho) which is the most famous and touristic street in Little Havana.

Exclusively Listed By

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