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$1,500,000
Est. payment /mo
4,000 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 4,000 sqft
Price per Sqft $375
MLS Listing ID A12030126
HOA Y/N No
Year Built 1953
Lot Size 7,500 Sqft
Property Sub-Type Multi Family
Property Description
1035 NW 4 Street offers investors a strong opportunity to secure an 8-unit multifamily asset in one of Little Havana's most active growth pockets.
Situated on 7,500 SF of T4-zoned land, the property benefits from immediate proximity to the Miami River, Downtown Miami, Brickell, the Health District, and Calle Ocho. This is a strategic location for investors looking to enter or expand within a market seeing continued development momentum.
Offered at $1,500,000, the property comes in at approximately $187,500 per unit, a competitive basis for in-place multifamily in this area. Current rents are below market, creating a clear value-add opportunity for an investor to improve operations, refresh the asset, and capture rental upside. With a thoughtful cleanup and targeted improvements, the property is well positioned to close the gap between current performance and what a stabilized Little Havana multifamily asset can command.
Below-market rents. T4 land. Competitive basis. Clear value-add upside.
Situated on 7,500 SF of T4-zoned land, the property benefits from immediate proximity to the Miami River, Downtown Miami, Brickell, the Health District, and Calle Ocho. This is a strategic location for investors looking to enter or expand within a market seeing continued development momentum.
Offered at $1,500,000, the property comes in at approximately $187,500 per unit, a competitive basis for in-place multifamily in this area. Current rents are below market, creating a clear value-add opportunity for an investor to improve operations, refresh the asset, and capture rental upside. With a thoughtful cleanup and targeted improvements, the property is well positioned to close the gap between current performance and what a stabilized Little Havana multifamily asset can command.
Below-market rents. T4 land. Competitive basis. Clear value-add upside.
Location
State FL
County Miami-dade
Area 41
Interior
Heating Central, Electric
Cooling Central Air
Flooring Tile
Exterior
Roof Type Shingle
Total Parking Spaces 15
Private Pool Yes
Building
Sewer Public Sewer
Water Public
Structure Type Brick,Block
Others
Tax ID 01-41-02-005-0820
Security Features Smoke Detector(s)
Acceptable Financing Cash, 1031 Exchange, Other
Listing Terms Cash, 1031 Exchange, Other
Virtual Tour https://www.propertypanorama.com/instaview/mia/A12030126
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Listed by Fausto Commercial Realty Consultants Inc
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