Multifamily – 8 Units in Miami, FL – Recently Remodeled with 6.9% Cap Rate
Commercial Sale
Category: Multifamily
Price:$2,300,000
Location: Miami, FL
Year Built: 1954
Days on Market: 36
Description:
Welcome to Havana House. This 8-unit building comprises large one-bedroom, one-bath units, all with assigned parking. Three of the units have been remodeled, and the remaining five are in good condition. The roof was replaced in 2024, and all windows are impact-resistant. Plumbing was upgraded in 2023, along with the laundry facility. The building was recently painted and is ready for sale. All tenants are on month-to-month leases. Its proximity to Brickell and Little Havana makes this an ideal location for short-term rentals. The property has completed its 40-year recertification. With market rent at $2,000 per unit, the yearly income can be $192,000, with a CAP rate of over 7.2%. Please call the listing agent and do not disturb the tenants.
welcomed to Havana House. Remodeled 8 unit apt building all 1 bedroom 1 bath, parking , laundry facility . New Roof, & windows. Cap rate 6.9%
Listing Code: 1076459715