EAST LITTLE HAVANA 41 UNIT - SUNNY APARTMENTS | 901-931 SW 4th St
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EAST LITTLE HAVANA 41 UNIT - SUNNY APARTMENTS 901-931 SW 4th St
42 Unit Apartment Building $9,500,000 ($226,190/Unit) 5.50% Cap Rate Miami, FL 33130
Investment Highlights
- Add-value opportunity, 7% CAP potential
- Solid acquisition on a large parcel of land with potential for future development
Executive Summary
Fausto Commercial presents this apartment complex in East Little Havana of 41 units sitting on over 35,000 SF of land. 30 of the units are 1948 vintage that were impeccably restored in 2008 with new roofs, electrical, floors and plumbing. In 2007 an additional structure of 12 units was added; these have individual water meters, central a/c, PVC plumbing, and impact windows and doors. There are 23 spacious 1 bedroom units, and 18 - two bedroom one bath units with parking on site, and washer/dryers available in the courtyard. At $304/SF for the building or $231,707/unit, you won’t find anything else like this. The location is itself an amazing urban amenity being just one blocks from Riverside Park, and residents with children will love its only 2 blocks from Ada Merritt. With accessibility and connectivity to Brickell, Downtown, the Health District, 836 HWY to Miami Beach and with this comes fine dining, chic shops, sidewalk cafes on Calle Ocho and picturesque parks like Jose Marti, all are a brisk walk or drive away for residents who will be immersed in the vibrant culture of the area. This is a proven inflation proof asset type. Investing in this area presents an extraordinary opportunity to capitalize on the remarkable surge of growth and development sweeping through the region. The massing of land also positions savvy investors to capitalize and build in the future. Come invest in the prosperous neighborhood that is surging in economic heart of the city.
Property Facts
| Price | $9,500,000 | Building Class | C |
| Price Per Unit | $226,190 | Lot Size | 0.82 AC |
| Sale Type | Investment | Building Size | 27,534 SF |
| Cap Rate | 5.50% | Average Occupancy | 100% |
| No. Units | 42 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1948/2008 |
| Property Subtype | Apartment | Parking Ratio | 1.09/1,000 SF |
| Apartment Style | Garden |
| Price | $9,500,000 |
| Price Per Unit | $226,190 |
| Sale Type | Investment |
| Cap Rate | 5.50% |
| No. Units | 42 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.82 AC |
| Building Size | 27,534 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1948/2008 |
| Parking Ratio | 1.09/1,000 SF |
Unit Amenities
- Air Conditioning
- Microwave
- Tile Floors
- Kitchen
- Refrigerator
- Oven
Site Amenities
- 24 Hour Access
- Trash Pickup - Curbside
- Public Transportation
- Walk-Up
- Smoke Detector
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 20 | - | 736 |
| 2+1 | 22 | - | 1,055 |
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Walk Score ®
Very Walkable (88)
Bike Score ®
Very Bikeable (70)
PROPERTY TAXES
| Parcel Number | 01-4138-003-1540 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $4,974,924 |
PROPERTY TAXES
Parcel Number
01-4138-003-1540
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$4,974,924
zoning
| Zoning Code | T4-R |
| T4-R |
Contacts
-
Mauricio Villasuso -
Carlos Fausto Miranda -
Cristina Amaro -
Fausto Commercial Realty Consultants
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EAST LITTLE HAVANA 41 UNIT - SUNNY APARTMENTS | 901-931 SW 4th St
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