967 SW 5th St
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967 SW 5th St
23 Unit Apartment Building $5,100,000 ($221,739/Unit) 5.91% Cap Rate Miami, FL 33130
Investment Highlights
- Well-maintained asset with strong long-term potential
- Currently producing substantial cash flow
- Located in the vibrant and culturally rich Little Havana neighborhood
Executive Summary
THIS INCOME-GENERATING PROPERTY, LOCATED IN THE VIBRANT AND CULTURALLY RICH LITTLE HAVANA
NEIGHBORHOOD, PRESENTS A PRIME OPPORTUNITY FOR INVESTORS. CURRENTLY PRODUCING SUBSTANTIAL
CASH FLOW, THE SECTION 8-APPROVED BUILDING HAS UNDERGONE SIGNIFICANT UPGRADES.
APPROXIMATELY 75% OF THE APPLIANCES HAVE BEEN REPLACED, WITH SEVERAL UNITS FEATURING NEW
KITCHENS AND MODERN FLOORING. ONGOING RENOVATIONS ARE FURTHER ENHANCING THE INTERIORS. THE
EXTERIOR HAS ALSO SEEN NOTABLE IMPROVEMENTS, BOOSTING CURB APPEAL AND OVERALL VALUE.
ADDITIONALLY, THE PROPERTY HAS SUCCESSFULLY COMPLETED ITS 40-YEAR INSPECTION, ENSURING ALL
STRUCTURAL AND SAFETY STANDARDS ARE MET, MAKING THIS A WELL-MAINTAINED ASSET WITH STRONG
LONG-TERM POTENTIAL.
NEIGHBORHOOD, PRESENTS A PRIME OPPORTUNITY FOR INVESTORS. CURRENTLY PRODUCING SUBSTANTIAL
CASH FLOW, THE SECTION 8-APPROVED BUILDING HAS UNDERGONE SIGNIFICANT UPGRADES.
APPROXIMATELY 75% OF THE APPLIANCES HAVE BEEN REPLACED, WITH SEVERAL UNITS FEATURING NEW
KITCHENS AND MODERN FLOORING. ONGOING RENOVATIONS ARE FURTHER ENHANCING THE INTERIORS. THE
EXTERIOR HAS ALSO SEEN NOTABLE IMPROVEMENTS, BOOSTING CURB APPEAL AND OVERALL VALUE.
ADDITIONALLY, THE PROPERTY HAS SUCCESSFULLY COMPLETED ITS 40-YEAR INSPECTION, ENSURING ALL
STRUCTURAL AND SAFETY STANDARDS ARE MET, MAKING THIS A WELL-MAINTAINED ASSET WITH STRONG
LONG-TERM POTENTIAL.
Financial Summary (Actual - 2023) 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
|
Financial Summary (Actual - 2023) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Operating Expenses | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $5,100,000 | Apartment Style | Low Rise |
| Price Per Unit | $221,739 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.17 AC |
| Cap Rate | 5.91% | Building Size | 13,670 SF |
| No. Units | 23 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built | 1925 |
| Price | $5,100,000 |
| Price Per Unit | $221,739 |
| Sale Type | Investment |
| Cap Rate | 5.91% |
| No. Units | 23 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low Rise |
| Building Class | C |
| Lot Size | 0.17 AC |
| Building Size | 13,670 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built | 1925 |
Unit Amenities
- Air Conditioning
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 3 | - | - |
| 1+1 | 14 | - | - |
| 2+1 | 6 | - | - |
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Walk Score ®
Very Walkable (88)
PROPERTY TAXES
| Parcel Number | 01-4138-003-1680 | Improvements Assessment | $3,122,500 (2024) |
| Land Assessment | $487,500 (2024) | Total Assessment | $3,610,000 (2024) |
PROPERTY TAXES
Parcel Number
01-4138-003-1680
Land Assessment
$487,500 (2024)
Improvements Assessment
$3,122,500 (2024)
Total Assessment
$3,610,000 (2024)
zoning
| Zoning Code | R-3, Miami, 3900 (Residential) |
| R-3, Miami, 3900 (Residential) |
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