1142 SW 4th St
20 Unit Apartment Building $5,600,000 ($280,000/Unit) 5.60% Cap Rate Miami, FL 33130
INVESTMENT HIGHLIGHTS
- Fully Renovated 20-Unit Multifamily Property
- Prime Little Havana Location
- Turnkey Investment Opportunity
- Completed 50-Year Recertification
EXECUTIVE SUMMARY
Discover an investor’s dream in Little Havana, one of Miami’s most desirable and thriving rental markets. This completely renovated 20-unit building combines modern upgrades with timeless charm, making it a perfect investment opportunity.
Property Highlights
Address: 1142 SW 4th St, Miami, FL 33130
Asking Price: $5,600,000
Number of Units: 20 (18 Units – 1 Bed/1 Bath & 2 Units – 2 Bed/1 Bath)
Lot Size: 7,500 SF
Building Size: 12,848 SF
Price per Unit: $280,000
Price per SF: $436
Year Built: 1935
Zoning: T4-R
CAP Rate: ~5.6%
Renovations & Features:
The building underwent a full renovation in 2024, ensuring peace of mind and long-term value for the next owner:
New impact windows
New roof
Updated electrical systems
New PVC plumbing throughout
Stylish, fully renovated bathrooms
Modern kitchens with new appliances and high-end finishes
New AC units
Elegant new flooring
Completed 40-year re-certification
Prime Location
Nestled in Little Havana, this property is within walking distance to Downtown Miami, Brickell, and the iconic Calle Ocho with its restaurants, bars, and galleries. It’s also just minutes from Coral Gables and Miami International Airport.
Little Havana is a vibrant neighborhood celebrated for its cultural richness and dynamic atmosphere. Known for events like the Calle Ocho Festival, this area attracts locals and tourists alike, ensuring a steady demand for rentals. The neighborhood's ongoing development and strong community presence make it a hotspot for real estate growth and investment.
With a mix of completely modernized units, a sought-after location, and a solid rental history, this property offers a rare opportunity to own in one of Miami’s most coveted areas.
Property Highlights
Address: 1142 SW 4th St, Miami, FL 33130
Asking Price: $5,600,000
Number of Units: 20 (18 Units – 1 Bed/1 Bath & 2 Units – 2 Bed/1 Bath)
Lot Size: 7,500 SF
Building Size: 12,848 SF
Price per Unit: $280,000
Price per SF: $436
Year Built: 1935
Zoning: T4-R
CAP Rate: ~5.6%
Renovations & Features:
The building underwent a full renovation in 2024, ensuring peace of mind and long-term value for the next owner:
New impact windows
New roof
Updated electrical systems
New PVC plumbing throughout
Stylish, fully renovated bathrooms
Modern kitchens with new appliances and high-end finishes
New AC units
Elegant new flooring
Completed 40-year re-certification
Prime Location
Nestled in Little Havana, this property is within walking distance to Downtown Miami, Brickell, and the iconic Calle Ocho with its restaurants, bars, and galleries. It’s also just minutes from Coral Gables and Miami International Airport.
Little Havana is a vibrant neighborhood celebrated for its cultural richness and dynamic atmosphere. Known for events like the Calle Ocho Festival, this area attracts locals and tourists alike, ensuring a steady demand for rentals. The neighborhood's ongoing development and strong community presence make it a hotspot for real estate growth and investment.
With a mix of completely modernized units, a sought-after location, and a solid rental history, this property offers a rare opportunity to own in one of Miami’s most coveted areas.
FINANCIAL SUMMARY (ACTUAL - 2024) Click Here to Access |
ANNUAL | ANNUAL PER SF |
---|---|---|
Gross Rental Income | $99,999 | $9.99 |
Other Income | - | - |
Vacancy Loss | - | - |
Effective Gross Income | $99,999 | $9.99 |
Taxes | - | - |
Operating Expenses | - | - |
Total Expenses | $99,999 | $9.99 |
Net Operating Income | $99,999 | $9.99 |
PROPERTY FACTS
Price | $5,600,000 |
Price Per Unit | $280,000 |
Sale Type | Investment |
Cap Rate | 5.60% |
No. Units | 20 |
Property Type | Multifamily |
Property Subtype | Apartment |
Apartment Style | Low Rise |
Building Class | C |
Lot Size | 0.17 AC |
Building Size | 12,848 SF |
No. Stories | 3 |
Year Built/Renovated | 1935/2024 |
UNIT AMENITIES
- Air Conditioning
- Microwave
- Ceiling Fans
- Kitchen
- Refrigerator
- Oven
- Vinyl Flooring
UNIT MIX INFORMATION
DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
---|---|---|---|
1+1 | 18 | - | - |
2+1 | 2 | - | - |
1 of 1
Walk Score®
Walker's Paradise (93)
PROPERTY TAXES
Parcel Number | 01-4102-005-4070 | Improvements Assessment | $0 |
Land Assessment | $0 | Total Assessment | $2,616,746 |
ZONING
Zoning Code | T4-R-GENERAL URBAN ZONE |