967 SW 5th St - Apartments FOR SALE


Miami, FL 33130- Little Havana
$4,890,000 USD
786-234-0351
967 SW 5th St, Miami, FL for Sale
$4,890,000 USD
Apartments - FOR SALE
1/22
null | 4.62% Cap Rate

967 SW 5th St
Miami, FL 33130
Little Havana


HIGHLIGHTS

  • Owner is currently on the process of installing a new roof
  • Electrical and plumbing updated in 2017
  • 40 year inspection done in 2017
  • APPROXIMATELY 75% OF THE UNITS HAVE NEW APPLIANCES, NEW MODERN KITCHEN AND FLOORING.
  • Well-maintained asset with strong long-term potential
  • Located in the vibrant and culturally rich Little Havana neighborhood

OVERVIEW

THIS INCOME-GENERATING PROPERTY OF 23 UNITS, LOCATED IN THE VIBRANT AND CULTURALLY RICH LITTLE HAVANA NEIGHBORHOOD, PRESENTS A PRIME OPPORTUNITY FOR INVESTORS. CURRENTLY PRODUCING SUBSTANTIAL CASH FLOW, BUILDING HAS UNDERGONE SIGNIFICANT UPGRADES. APPROXIMATELY 75% OF THE UNITS HAVE NEW APPLIANCES, NEW MODERN KITCHEN AND FLOORING. CONTINUED RENOVATIONS ARE FURTHER ENHANCING THE INTERIORS. THE EXTERIOR HAS ALSO SEEN NOTABLE IMPROVEMENTS, OWNER IS CURRENTLY ON THE PROCESS OF INSTALLING A NEW ROOF AND IMPLEMENTING INDIVIDUAL WATER SUBMETER ON EACH UNIT. ADDITIONALLY, THE PLUMBING AND ELECTRICAL SYSTEM WAS UPDATED IN 2017 AND THE PROPERTY HAS SUCCESSFULLY COMPLETED ITS 40-YEAR INSPECTION IN 2017, ENSURING ALL STRUCTURAL AND SAFETY STANDARDS ARE MET, MAKING THIS A WELL-MAINTAINED ASSET WITH STRONG LONG-TERM POTENTIAL.

FOR SALE DETAILS

PRICE

$4,890,000 USD

PRICE/SF

$358 USD /SF

# OF UNITS

23

PRICE/UNIT

$212,609

CAP RATE

4.62%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1925

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,405 SF

ZONING

T-4R

APN/PARCEL ID

01-4138-003-1680

ASK ABOUT THIS PROPERTY

Oscar AlvarezAvenew Realty CorpMore Info
786-234-0351

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Oscar AlvarezAvenew Realty CorpMore Info
786-234-0351

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