901-931 SW 4th St - Apartments FOR SALE


Miami, FL 33130- Little Havana
$9,500,000 USD
305-340-8901
901-931 SW 4th St, Miami, FL for Sale
$9,500,000 USD
Apartments - FOR SALE
1/84
null | 5.5% Cap Rate

901-931 SW 4th St
Miami, FL 33130
Little Havana


HIGHLIGHTS

  • Add-value opportunity, 7% CAP potential
  • Solid acquisition on a large parcel of land with potential for future development

OVERVIEW

Fausto Commercial presents this apartment complex in East Little Havana of 41 units sitting on over 35,000 SF of land. 30 of the units are 1948 vintage that were impeccably restored in 2008 with new roofs, electrical, floors and plumbing. In 2007 an additional structure of 12 units was added; these have individual water meters, central a/c, PVC plumbing, and impact windows and doors. There are 23 spacious 1 bedroom units, and 18 - two bedroom one bath units with parking on site, and washer/dryers available in the courtyard. At $304/SF for the building or $231,707/unit, you won’t find anything else like this. The location is itself an amazing urban amenity being just one blocks from Riverside Park, and residents with children will love its only 2 blocks from Ada Merritt. With accessibility and connectivity to Brickell, Downtown, the Health District, 836 HWY to Miami Beach and with this comes fine dining, chic shops, sidewalk cafes on Calle Ocho and picturesque parks like Jose Marti, all are a brisk walk or drive away for residents who will be immersed in the vibrant culture of the area. This is a proven inflation proof asset type. Investing in this area presents an extraordinary opportunity to capitalize on the remarkable surge of growth and development sweeping through the region. The massing of land also positions savvy investors to capitalize and build in the future. Come invest in the prosperous neighborhood that is surging in economic heart of the city.

FOR SALE DETAILS

PRICE

$9,500,000 USD

PRICE/SF

$345 USD /SF

# OF UNITS

42

PRICE/UNIT

$226,190

CAP RATE

5.5%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

EAST LITTLE HAVANA 41 UNIT - SUNNY APARTMENTS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Garden

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1948

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.82 AC

LAND SF

35,719 SF

ZONING

T4-R

APN/PARCEL ID

01-4138-003-1540

ASK ABOUT THIS PROPERTY

Mauricio VillasusoFausto Commercial Realty ConsultantsMore Info
305-340-8901

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Mauricio VillasusoFausto Commercial Realty ConsultantsMore Info
305-340-8901

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