Prime Little Havana 9-Unit Opportunity: Significant Rental Upside & Stable Income Executive Summary: Discover 2014 SW 3 ST, a meticulously maintained 9-unit apartment building in the heart of vibrant Little Havana. This stabilized asset, boasting 100% occupancy, presents a rare opportunity for investors to capitalize on significant rental upside. Currently achieving an average effective rent of $1,988, this property offers a clear path to a 19% increase, aligning with market rents of $2,300-$2,400 for 2/1 units. Property Highlights: Immediate Value Add: Achieve substantial rent increases by strategically adjusting month-to-month leases and renewals. Renovated Units: Three fully renovated units showcase high-end finishes (shaker cabinets, quartz countertops, stainless steel appliances, porcelain tile), commanding premium rents. Well-Maintained Asset: Recent upgrades include newer AC units (6), a completed 40-year recertification (2021), new rain gutters, a wireless camera system, and a newer laundry facility. Desirable Location: Prime Little Havana location, offering proximity to schools, entertainment, and employment opportunities. Solid Foundation: CBS construction (1971) with long-term ownership (40+ years) and gated parking for all units. Proven Income Stream: Current gross monthly income of $17,900, with a current in place cap rate of 6.18%. Projected Growth: Potential gross monthly income of $21,150, resulting in a projected cap rate of 6.35% after reassessment of taxes and insurance, achievable through strategic rent adjustments. Unit Features: 9 spacious 2-bedroom, 1-bathroom units (approximately 780 sq. ft. each). 6 units with private balconies. Central air conditioning in all units. On-site laundry facility. Investment Potential: This property provides a unique blend of stable income and substantial growth potential. By leveraging the existing market rent disparity and the property's recent upgrades, investors can maximize returns in a highly desirable Little Havana location.