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Multifamily

140 SW 21st Ave

140 SW 21st Ave, Miami, FL 33135

Listing Price: $1,400,000

Cap Rate
4.42%
Number of Units
8
Occupancy
97.0%
Price/Unit
$175,000
Price/Gross SF
$371.85
Gross SF
3,765

Investment Overview

Marcus & Millichap, as exclusive listing agent, is pleased to offer for sale, 140 SW 21st Street, Miami, Florida an eight-unit apartment building. The property is a one-story concrete block construction building with a flat roof and a laundry facility. All the units are one-bedroom/ one-bathroom apartments of approximately 471 square feet. The units have installed submeters for water and individual electric meters. Landlord is responsible for the trash removal. The property has the 40-year recertification in place. 140 SW 21st Avenue 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, 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 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. Moreover, 140 SW 21st Avenue is situated one block east of SW 22nd Avenue which is one of the main corridors in this neighborhood. In addition, Publix Supermarket is within a block from the subject giving the tenants a very convenient access to groceries and is also within walking distance from public transportation.

Investment Highlights

  • Seller Financing Available for a Qualified Buyer
  • All One-Bedroom/One-Bathroom Units
  • Excellent Location within Little Havana
  • A Block Away from Publix Supermarket and Public Transportation
  • Individual Water and Electric Meters
  • Laundry Facility

Exclusively Listed By

Multifamily

140 SW 21st Ave

Listing Price: $1,400,000

Cap Rate
4.42%
Number of Units
8
Occupancy
97.0%
Price/Unit
$175,000
Price/Gross SF
$371.85
Gross SF
3,765

Investment Highlights

  • Seller Financing Available for a Qualified Buyer
  • All One-Bedroom/One-Bathroom Units
  • Excellent Location within Little Havana
  • A Block Away from Publix Supermarket and Public Transportation
  • Individual Water and Electric Meters
  • Laundry Facility

Investment Overview

Marcus & Millichap, as exclusive listing agent, is pleased to offer for sale, 140 SW 21st Street, Miami, Florida an eight-unit apartment building. The property is a one-story concrete block construction building with a flat roof and a laundry facility. All the units are one-bedroom/ one-bathroom apartments of approximately 471 square feet. The units have installed submeters for water and individual electric meters. Landlord is responsible for the trash removal. The property has the 40-year recertification in place. 140 SW 21st Avenue 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, 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 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. Moreover, 140 SW 21st Avenue is situated one block east of SW 22nd Avenue which is one of the main corridors in this neighborhood. In addition, Publix Supermarket is within a block from the subject giving the tenants a very convenient access to groceries and is also within walking distance from public transportation.

Exclusively Listed By

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