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.

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 - -
Walk Score®
Walker's Paradise (93)

PROPERTY TAXES

ZONING

Zoning Code T4-R-GENERAL URBAN ZONE
  • Listing ID: 34439819

  • Date on Market: 1/10/2025

  • Last Updated:

  • Address: 1142 SW 4th St, Miami, FL 33130