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1760 SW 13th St

18 Unit Apartment Building $4,100,000 ($227,778/Unit) Miami, FL 33145

Executive Summary

Located in the heart of Little Havana, in the Shenandoah neighborhood this rare multifamily property consists of 18 income producing units. Three units are 1 bedroom 1 bath units, and 15 units are large studios.
Moreover, each unit has individual electrical meters. Residents also benefit from on-site laundry facilities. Located less than half a mile from the historic Calle Ocho district near lively nightlife, and renowned eateries ensures convenience and fosters a vibrant community atmosphere.
In addition, the building is 100% occupied enabling new ownership to immediately start benefiting from annual leasing operations. The accessibility to Downtown, Brickell, and major highways continues to drive residential demand and tourism. Little Havana's rich cultural heritage and high housing demand contribute to the property's appeal, making it an attractive option for investors looking for an inflation-proof investment. Interested parties are encouraged to act swiftly and contact us for more information on this lucrative investment opportunity.

Financial Summary (Actual - 2024)

Annual Annual Per SF
Gross Rental Income $292,200 $28.18
Other Income $4,680 $0.45
Vacancy Loss - -
Effective Gross Income $296,880 $28.63
Taxes $26,169 $2.52
Operating Expenses - -
Total Expenses $26,169 $2.52
Net Operating Income - -

Financial Summary (Actual - 2024)

Gross Rental Income
Annual $292,200
Annual Per SF $28.18
Other Income
Annual $4,680
Annual Per SF $0.45
Vacancy Loss
Annual -
Annual Per SF -
Effective Gross Income
Annual $296,880
Annual Per SF $28.63
Taxes
Annual $26,169
Annual Per SF $2.52
Operating Expenses
Annual -
Annual Per SF -
Total Expenses
Annual $26,169
Annual Per SF $2.52
Net Operating Income
Annual -
Annual Per SF -

Property Facts

Price $4,100,000
Price Per Unit $227,778
Sale Type Investment
Sale Conditions 1031 Exchange
No. Units 18
Property Type Multifamily
Property Subtype
Apartment
  • Multifamily Dormitory
Apartment Style Low Rise
Building Class C
Lot Size 0.27 AC
Building Size 10,369 SF
Average Occupancy 100%
No. Stories 3
Year Built 1925

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
Studios 15 - -
1+1 3 - -
Walk Score ®
Very Walkable (81)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
01-4110-064-0640
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$1,344,420
Annual Taxes
$26,169 ($2.52/SF)
Tax Year
2024

zoning

Zoning Code 0100 (Multi Family 10 Units Plus)
0100 (Multi Family 10 Units Plus)
  • Listing ID: 33657146

  • Date on Market: 10/27/2024

  • Last Updated:

  • Address: 1760 SW 13th St, Miami, FL 33145

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