24 SW 21st Ave - Apartments FOR SALE


Miami, FL 33135- Little Havana
$2,100,000 USD
305-209-8866
24 SW 21st Ave, Miami, FL for Sale
$2,100,000 USD
Apartments - FOR SALE
1/8
null | 5.06% Cap Rate

24 SW 21st Ave
Miami, FL 33135
Little Havana


HIGHLIGHTS

  • Rare Opportunity to Acquire an 8-Unit Apartment Complex in Little Havana, Miami
  • Value-Add Opportunity Through Interior and Exterior Renovation Achieving Significant Upside in Rental Income
  • 40/50 Year Building Recertification Completed in 2020
  • On Site Parking (1 Space per Unit)
  • On-Site Laundry Facility (Machines Owned by the Property)

OVERVIEW

The Porosoff Group at Compass Commercial, as exclusive listing agent, is pleased to offer for sale 24 SW 21st Ave, a 8-unit apartment complex located in the highly sought-after Little Havana neighborhood in the City of Miami. 24 SW 21st Ave is located in the Little Havana section of Miami, a short distance to Brickell, the most important financial and commercial district in South Florida. Home to a growing number of international banks and firms, Brickell serves as Latin America’s Financial District and has recently enjoyed a transformation with a booming restaurant, entertainment and nightlife scene. The property is conveniently nestled blocks away from SW 8th Street (Calle Ocho) the cultural epicenter of the Miami Latin Community and walking distance to Flagler Street, one of the most important commercial corridors in Miami-Dade County. The excellent location contributes to high demand for rental units in the area and translates into historically low vacancy rates

FOR SALE DETAILS

PRICE

$2,100,000 USD

PRICE/SF

$493 USD /SF

# OF UNITS

8

PRICE/UNIT

$262,500

CAP RATE

5.06%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Javier Ubeda | 305-766-1864

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1930

PARKING SPACES

8

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

6,048 SF

ZONING

C-1

APN/PARCEL ID

01-4103-014-3260

ASK ABOUT THIS PROPERTY

Arthur PorosoffCompass Florida LLCMore Info
305-209-8866

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Arthur PorosoffCompass Florida LLCMore Info
305-209-8866

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