Basics
| Date added Added 2 hours ago | Category For Sale | Type Single Family | Status Active |
| Bedrooms 12 beds | Bathrooms 6 baths | Half baths 0 half baths | Total rooms 0 |
| Area 4658 sq ft | Lot size 5800 sq ft | Subdivision Name HORNERS ADDN | List Office Name Sellstate 5 Star Realty |
| GarageSpaces 0 | View None | ListAOR Miami Association of REALTORS® | MLS ID A12075866 |
Description
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Description:
Exceptional investment opportunity in the heart of Little Havana. This income-producing asset consists of two detached buildings featuring a uniform mix of six fully renovated 2-bedroom, 1-bathroom units. Operating with an efficient 31.83% expense ratio, the property generates a Net Operating Income (NOI) of $115,144.50, representing an approximate 6.98% cap rate based on a $1,649,000 purchase price.
Ownership has invested over $200,000 in recent capital improvements, helping minimize future capital expenditures and offering a turnkey ownership opportunity. Major upgrades include complete interior renovations (2022), new permitted roofs (2024), new exterior stucco and paint (2024), roof-mounted mini-split HVAC systems (2024), plumbing improvements, and fully upgraded electrical systems with new main service entries and meter boxes (2025/2026).
For additional confidence, the City of Miami 40- and 50-year structural recertifications have been fully completed and approved. Ideally located near Brickell, Downtown Miami, the Health District, and major employment and transportation corridors, the property benefits from strong rental demand and long-term appreciation potential associated with Miami's continued growth and development.
A stabilized multifamily asset with established income, extensive recent improvements, completed recertifications, and a central Little Havana location.
Location
- CountyOrParish: Miami-Dade County
Building Details
- Cooling features: Central Air
- Year built: 1925
- Architectural Style: Detached, Two Story, Other
- NewConstructionYN: No
- Building Name: HORNERS ADDN
- Heating: Central
- Exterior material: Concrete Block Construction, Frame With Stucco
- Roof: Composition Roll, Shingle
- Parking: Driveway, On-street, Other
Amenities & Features
- Features:
- Security Features: Fire Sprinklers
- Amenities:
- CommunityFeatures: Paved Road, Public Road
- Exterior Features: Lighting, Open Balcony
- Waterfront available: No
- GarageYN: No
- AttachedGarageYN: No
- CoolingYN: Yes
- PoolPrivateYN: No
- FireplaceYN: No