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750 SW 2nd St

12 Unit Apartment Building $5,200,000 ($433,333/Unit) 5.20% Cap Rate Miami, FL 33130

Investment Highlights

  • See virtual tour in link provided
  • Amazing price point when looking at replacement cost - irreplaceable deal

Executive Summary

Fausto commercial presents a fully operational 2022 amazingly designed 12 unit multifamily building in Little Havana. This modern apartment of 12 Units consist of 4 x one bedroom one bath & 8x two bedroom two bath, includes parking, washer/dryers on site, parking
for all - a hot commodity Amazing neighborhood undergoing swift transition with upward pressure in rents, growth, and attracting urbanists, those looking for short commute times to work, and modern Miami Urban living. With close proximity to Calle Ocho and Brickell’s fine dining, chic shops, sidewalk cafes and picturesque parks. All are a brisk walk away for residents who will be immersed in the vibrant culture of the area. The area's several iconic spots include the Calle Echo, home to the Ball & Chain, Loan Depot Park and Downtown Miami. Since its inception in the late 1800's, Little Havana has been home to tycoons, adventurers, artists, writers and musicians alike with an A-list roster of residents. Come invest in the prosperous neighborhood that is surging in economic heart of the city.

Property Facts

Price $5,200,000
Price Per Unit $433,333
Sale Type Investment
Cap Rate 5.20%
No. Units 12
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low Rise
Building Class B
Lot Size 0.34 AC
Building Size 10,578 SF
Average Occupancy 100%
No. Stories 2
Year Built 2021
Parking Ratio 1.42/1,000 SF

Unit Amenities

  • Air Conditioning
  • Kitchen

Site Amenities

  • Gated

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
1+1 4 - -
2+1 8 - -
Walk Score ®
Very Walkable (88)
Transit Score ®
Excellent Transit (82)
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
01-0202-020-1080
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$2,299,000

zoning

Zoning Code T4-R (Residential Multi-Family)
T4-R (Residential Multi-Family)
  • Listing ID: 33449078

  • Date on Market: 10/8/2024

  • Last Updated:

  • Address: 750 SW 2nd St, Miami, FL 33130

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