Basics
| Date added Added 2 hours ago | Category Residential | Type Single Family Residence | Status Active |
| Bedrooms 12 beds | Bathrooms 6 baths | Half baths 0 half baths | Total rooms 0 |
| Area, sq ft 4658 sq ft | Lot size, sq ft 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 multifamily property features two detached buildings with six fully renovated 2-bedroom, 1-bathroom units, generating $13,200 in monthly rental income and $158,400 in annual gross income. Offered at $1,650,000, the property delivers an estimated $105,304.50 Net Operating Income (NOI) and an approximate 6.38% capitalization rate based on current operating expenses.
Ownership has invested over $200,000 in capital improvements, helping reduce near-term maintenance concerns and providing a turnkey investment opportunity. Major upgrades include complete interior renovations (2022), new permitted roofs (2024), exterior stucco and paint (2024), roof-mounted mini-split HVAC systems (2024), plumbing improvements, and upgraded electrical infrastructure with new main service entries and meter boxes (2025/2026). The City of Miami's 40- and 50-year structural recertifications have also been completed and approved.
Ideally situated near Brickell, Downtown Miami, the Health District, and major employment and transportation corridors, this property offers convenient access to key destinations throughout Miami. With established rental income, extensive capital improvements, completed recertifications, and a central location in a high-demand rental market, this is an attractive opportunity for investors seeking income-producing multifamily real estate with long-term potential.
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
Video
- Virtual Tour: https://www.propertypanorama.com/instaview/mia/A12075866
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