220 SW 18th Ave, Miami, FL 33135
220 SW 18th Ave, Miami, FL 33135
220 SW 18th Ave, Miami, FL 33135
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William Gartin

William Gartin

+1(305) 842-6097
$5,145,000
Est. payment /mo
9,918 SqFt
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Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 9,918 sqft

Price per Sqft $518

MLS Listing ID A12099815

HOA Y/N No

Year Built 1960

Lot Size 9,750 Sqft

Property Sub-Type Multi Family

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 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%.

Location

State FL

County Miami-dade

Area 41

Zoning 4600

Exterior

Private Pool Yes

Others

Tax ID 01-41-03-014-1190

Virtual Tour https://www.propertypanorama.com/instaview/mia/A12099815

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Miami Association of Realtors (SEFMIAMI MLS)
Listed by APEX Capital Realty LLC

NEARBY SCHOOL & BUSINESS

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William Gartin

William Gartin

+1(305) 842-6097

Agent License ID: 3422133

Agent License ID: 3422133

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