1786 SW 9th St - Apartments FOR SALE


Miami, FL 33135- Coral Way
$2,250,000 USD
312-952-4995
1786 SW 9th St, Miami, FL for Sale
$2,250,000 USD
Apartments - FOR SALE
1/18
null | 5.76% Cap Rate

1786 SW 9th St
Miami, FL 33135
Coral Way


HIGHLIGHTS

  • Full Gut Renovation Completed in 2023
  • 40/50 year Certification Obtained 2023
  • Fully Stabilized with Low Landlord Expenses
  • Four 3bed/2bath Units with First Floor Units Having Private Outdoor Space
  • New Joists, new framing, new subfloors, new tie-columns and tie-beams

OVERVIEW

Price Reduced! ONE Commercial Real Estate is pleased to present Casa Linda, four newly renovated 3bedroom 2bath luxury apartments located in the heart of Shenandoah, Miami and adjacent to Little Havana. Full gut renovation and 40/50-year Certification completed in 2023 this exceptional renovation exudes refinement within all interior and exterior finishes. No expense was spared in aiming to achieve the highest level of build, not limited to all new windows, doors, individual HVAC systems, plumbing, electric, structural & roofing components. Also, gut-renovation included all new joists, new framing, new subfloors, new tie-columns and tie-beams. Each apartment features new flooring, drywall, fully remodeled kitchens & baths, stainless steel appliances, smart home tech, and in-unit stackable washer and dryer. The backyard(s) and common areas have been resurfaced, providing a fresh and clean environment for residents to enjoy with private backyard patios for the first-floor units. Additionally, the building is being delivered with Tenants, providing new ownership immediate returns from annual leasing operations. The Shenandoah & Little Havana neighborhoods have seen tremendous growth with their mix of cultural vibrance and favorable location within Miami. A rich tapestry of music, art, cuisine and entertainment has facilitated steady business and residential growth year after year for decades. Their accessibility to Downtown, Brickell, and major highways continue to support residential demand & tourism. For these reasons, Casa Linda positions itself to meet this growing demand for luxury product within the submarket by delivering a competitive product capable of outperforming comparable options within the segment.

FOR SALE DETAILS

PRICE

$2,250,000 USD

PRICE/SF

$381 USD /SF

# OF UNITS

4

PRICE/UNIT

$562,500

CAP RATE

5.76%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Casa Linda - Shenandoah 4-Unit

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2023

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

5,898 SF

ZONING

5700

APN/PARCEL ID

01-4110-063-2520

ASK ABOUT THIS PROPERTY

Clark PattersonONE Commercial Real EstateMore Info
312-952-4995

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.

Clark PattersonONE Commercial Real EstateMore Info
312-952-4995

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.