220 SW 18th Avenue is a turnkey, fully occupied 21-unit multifamily investment opportunity located in the heart of Little Havana, one of Miami’s most established rental markets. Originally built in the 1960s, the property offers investors the advantage of a newer vintage multifamily building compared with much of Little Havana’s older 1920s and 1930s housing stock. The 9,918 SF building features a uniform unit mix of 21 one-bedroom/one-bathroom apartments, providing a simple and efficient configuration with consistent renter demand. The property is 100% occupied, generating $36,649 in monthly rent. The building also successfully completed its 40/50-Year Recertification in 2020. The property has been renovated and upgraded with impact windows, reducing near-term capital needs. Located just off West Flagler Street and minutes from Calle Ocho, loanDepot park, Downtown Miami and Brickell. Asking Price: $5,145,000 ($245,000 / Unit). Current Cap Rate: 7.03%.
- State:
- FL
- County:
- Miami-Dade
- City:
- Miami
- Zipcode:
- 33135
- Street:
- 220 Sw 18th Ave, Miami, Florida 33135
- Longitude:
- W81° 46' 29.7''
- Latitude:
- N25° 46' 13''
- Building Area:
- 9,918 Sqft
- DOM:
- 2
- Internet Address Display:
- 1
- Internet Listing Display:
- 1
- Parcel Number:
- 01-41-03-014-1190
- Structure Type:
- Apartment
- Virtual Tour:
- Click Here
Commercial Sale For Sale
220 Sw 18th Ave, Miami, Florida 33135, Miami, Florida 33135
- Property Type :
- Commercial Sale
- Listing Type :
- For Sale
- Price :
- $5,145,000
- Year Built :
- 1960
- Lot Area :
- 9,750 Sqft
- MLS # :
- A12099815
