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Multifamily

South Shenandoah Apartments

1760 SW 13th St, Miami, FL 33145

Listing Price: $2,970,000

Cap Rate
3.81%
Number of Units
18
Occupancy
95.0%
Price/Unit
$165,000
Price/Gross SF
$286.43
Gross SF
10,369

Investment Overview

Marcus & Millichap, as exclusive listing agent, is pleased to offer for Sale South Shenandoah Apartments, an 18-unit apartment building located in Miami, Florida. South Shenandoah Apartments is a three-story wood frame building with stucco exterior and a flat roof. There are ample walkways and a main staircase in the middle of the building. The property was built in 1925 and is situated on a 0.27 double lot with off-street parking. South of Shenandoah Apartments offers a laundry facility and two large storage rooms. The unit mix is comprised of 15 Studios and Three one-bedroom / one-bathroom apartment units. South Shenandoah Apartments is located within the highly sought-after Shenandoah neighborhood in the heart of Little Havana. This neighborhood extends east-west from SW 12th Avenue to SW 27th Avenue, and north-south from SW 8th Street to Coral Way. With a spectacular view of downtown, the Shenandoah neighborhood hosts over 5,000 households thanks to the small apartment buildings and single-family homes. In addition, South of Eighth Apartments is situated just a few minutes from Miami Beach, Little Havana, Coconut Grove, Brickell, downtown Miami, and Coral Gables. Moreover, there are public parks including Bryan Park and Shenandoah Park which is in the process of being renovated. There is also the Shenandoah Branch Library, Shenandoah Elementary School, and the Shenandoah Middle School. Mercy Hospital and the Vizcaya Museum and Gardens are within a short driving distance.

Investment Highlights

  • Excellent location within the Shenandoah Neighborhood
  • Rare Double Lot with Off-Street Parking
  • Upside in Rental Income
  • Walking Distance from Southwest 8th Street (Calle Ocho)
  • Proximity to Coral Way
  • Great Unit Mix of Studios and One -Bedroom Apartments

Exclusively Listed By

Multifamily

South Shenandoah Apartments

Listing Price: $2,970,000

Cap Rate
3.81%
Number of Units
18
Occupancy
95.0%
Price/Unit
$165,000
Price/Gross SF
$286.43
Gross SF
10,369

Investment Highlights

  • Excellent location within the Shenandoah Neighborhood
  • Rare Double Lot with Off-Street Parking
  • Upside in Rental Income
  • Walking Distance from Southwest 8th Street (Calle Ocho)
  • Proximity to Coral Way
  • Great Unit Mix of Studios and One -Bedroom Apartments

Investment Overview

Marcus & Millichap, as exclusive listing agent, is pleased to offer for Sale South Shenandoah Apartments, an 18-unit apartment building located in Miami, Florida. South Shenandoah Apartments is a three-story wood frame building with stucco exterior and a flat roof. There are ample walkways and a main staircase in the middle of the building. The property was built in 1925 and is situated on a 0.27 double lot with off-street parking. South of Shenandoah Apartments offers a laundry facility and two large storage rooms. The unit mix is comprised of 15 Studios and Three one-bedroom / one-bathroom apartment units. South Shenandoah Apartments is located within the highly sought-after Shenandoah neighborhood in the heart of Little Havana. This neighborhood extends east-west from SW 12th Avenue to SW 27th Avenue, and north-south from SW 8th Street to Coral Way. With a spectacular view of downtown, the Shenandoah neighborhood hosts over 5,000 households thanks to the small apartment buildings and single-family homes. In addition, South of Eighth Apartments is situated just a few minutes from Miami Beach, Little Havana, Coconut Grove, Brickell, downtown Miami, and Coral Gables. Moreover, there are public parks including Bryan Park and Shenandoah Park which is in the process of being renovated. There is also the Shenandoah Branch Library, Shenandoah Elementary School, and the Shenandoah Middle School. Mercy Hospital and the Vizcaya Museum and Gardens are within a short driving distance.

Exclusively Listed By

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