635 SW 16th Ave - Apartments FOR SALE


Miami, FL 33135
$1,350,000 USD
773-750-3320
635 SW 16th Ave, Miami, FL for Sale
$1,350,000 USD
Apartments - FOR SALE
1/17
null | 5.53% Cap Rate

635 SW 16th Ave
Miami, FL 33135


HIGHLIGHTS

  • Short term rentals allowed
  • New roof
  • New hurricane impact windows
  • Updated plumbing
  • Updated kitchens and bathrooms
  • Prime location (bordering Calle Ocho)

OVERVIEW

This fourplex, located just steps from Calle Ocho in the heart of Little Havana, offers a unique investment opportunity. Calle Ocho, celebrated as a “national treasure” by the National Trust for Historic Preservation, is renowned for its authentic Cuban restaurants, vibrant ventanitas (takeout windows), lively nightlife, famous bars, warm Cuban bakeries, and colorful street festivals. The property sits on a spacious 5,000 square foot lot and features a generous backyard. Each apartment has been recently renovated with new kitchens, bathrooms, flooring, and updated electrical and plumbing systems. The building also boasts a new pitched roof and impact windows throughout. This property presents an attractive option for investors looking to own a valuable asset in a highly sought-after Miami location. It offers stability and potential for long-term growth. The setup is ideal for an investor who wishes to reside on-site while the rental income covers expenses, allowing the owner to benefit from both cash flow and property appreciation without traditional out-of-pocket costs associated with homeownership. The commercial zoning allows for short-term rentals.

FOR SALE DETAILS

PRICE

$1,350,000 USD

PRICE/SF

$750 USD /SF

# OF UNITS

4

PRICE/UNIT

$337,500

CAP RATE

5.53%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Renovated Calle Ocho 4-Unit Multifamily

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1948

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.11 AC

LAND SF

5,000 SF

ZONING

T5-O

APN/PARCEL ID

01-4102-006-5960

ASK ABOUT THIS PROPERTY

Sam SchwartzSTL CommercialMore Info
773-750-3320

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Sam SchwartzSTL CommercialMore Info
773-750-3320

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