220 SW 18th Ave, Miami FL 33135
Income/MultiFamily in Miami
$5,145,000
Listing courtesy of APEX Capital Realty LLC; Miguel Pinto. Information from the Southeast Florida Multiple Listing Service is deemed reliable but is not guaranteed accurate.
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Income/MultiFamily, Commercial Sale
Details
Overview
Description
220 SW 18th Avenue is a turnkey, fully occupied 21-unit multifamily investment opportunity located in the heart of Little Havana, one of Miami's most established rental markets. Originally built in the 1960s, the property offers investors the advantage of a newer vintage multifamily building compared with much of Little Havana's older 1920s and 1930s housing stock. The 9,918 SF building features a uniform unit mix of 21 one-bedroom/one-bathroom apartments, providing a simple and efficient configuration with consistent renter demand. The property is 100% occupied, generating $36,649 in monthly rent. The building also successfully completed its 40/50-Year Recertification in 2020. The property has been renovated and upgraded with impact windows, reducing near-term capital needs. Located just off West Flagler Street and minutes from Calle Ocho, loanDepot park, Downtown Miami and Brickell. Asking Price: $5,145,000 ($245,000 / Unit). Current Cap Rate: 7.03%.
This income/multifamily home located at 220 SW 18th Ave, Miami FL 33135 is currently for sale and it is a new listing on Brickellsold listed today. This property is listed at $5M. It has N/A beds, N/A bathrooms, and is N/A square feet. It was built in 1960. 220 SW 18th Ave, Miami FL 33135 is in Miami county Miami-Dade County.
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Property
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Construction
- Year Built: 1960
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