458 SW 9th St - Apartments FOR SALE


Miami, FL 33130- Little Havana
$2,700,000 USD
786-450-7571
458 SW 9th St, Miami, FL for Sale
$2,700,000 USD
Apartments - FOR SALE
1/50
null | 5.38% Cap Rate

458 SW 9th St
Miami, FL 33130
Little Havana


HIGHLIGHTS

  • The property allows easy access to I-95 which only two blocks away.
  • Within walking distance to the vibrant, Downtown Brickell and the scenic Miami River.
  • Income producing property at available below market rates.
  • Situated in Southeast Little Havana, densely populated with extremely low vacancy rates.

OVERVIEW

Introducing an investment opportunity nestled in the heart of West Brickell at 458SW 9th Street, Miami, FL 33130. This exclusive three-story property presents a fully occupied 8-unit building. The complex comprises five 2-bedroom/1-bath units and three 1-bedroom/1-bath units, each equipped with wall-unit air conditioning, refrigerators, ranges, and the convenience of on-site parking. The 2-bedroom units feature balconies, offering an extra amenity for residents. Constructed with durable CBS construction, the building is completing its 40-50-year certification, ensuring long-term stability and safety. Additionally, it houses a revenue-generating, leased washer and dryer facility on the premises. Tenant arrangements are flexible, with four units on month-to-month agreements and four secured with one-year lease contracts. Half of the units were remodeled, presenting an opportunity to adjust rent to market rates and further increase income potential. All units in the building are equipped with impact windows for enhanced safety and comfort. Located in Southeast Little Havana, the building stands in one of South Florida's most densely populated rental markets, with an exceedingly low vacancy rate. Its strategic position, just a block south of SW 8th Street – one of Miami's major arteries – enhances its allure. The property allows easy access to the I-95 expressway, only two blocks away, and is within walking distance to the vibrant downtown Brickell area and the scenic Miami River.

FOR SALE DETAILS

PRICE

$2,700,000 USD

PRICE/SF

$392 USD /SF

# OF UNITS

8

PRICE/UNIT

$337,500

CAP RATE

5.38%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1972

PARKING SPACES

9

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,405 SF

ZONING

T4-R

APN/PARCEL ID

01-0206-070-1090

ASK ABOUT THIS PROPERTY

Sebastian GolitzESA Realty IncMore Info
786-450-7571

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Sebastian GolitzESA Realty IncMore Info
786-450-7571

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