LatoyaBrown
MLS#A12099815
STATUSActive
PROPERTY TYPECommercial - Business
Property Description
220 SW 18th Avenue is a turnkey, fully occupied 21-unit multifamily investment opportunity located in the heart of Little Havana, one of Miamis 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 Havanas 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%.
Property Features
Property Type: Commercial - Business
Lot Size: 0.22 Acres
Year Built: 1960
Feature Descriptions
Crops Included Y/N: No
Days on Site: 9
Home Warranty Y/N: No
Lease Considered Y/N: No
Parcel#: 01-41-03-014-1190
Property Attached Y/N: No
Property Sub-Type: Income/MultiFamily
Listed By / Shown By
Listed By
Agency Name: APEX Capital Realty LLC
Agency Phone: 305-570-2600
Shown By
Agent Name: Latoya Brown
Agent Phone: Cell: (754) 214-7762
Agency Title: Realty 100
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220 SW 18th Ave | MLS# A12099815
This commercial property located at 220 SW 18th Ave , Miami, FL 33135 is currently listed for sale with an asking price of $5,145,000. Search Miami real estate on lbrown.realty100.com today.