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, Miami, FL 33135 (MLS# A10365368)

Miami, FL 33135

$2,500,000

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http://www.propertypanorama.com/instaview/mia/A10365368

Property Type: Commercial Sale Status: Closed

Current Price: $2,500,000 List Date: 10/31/2017 Last Modified: 6/13/2026

Overview

Description

36 Unit Multifamily in the Heart of Little Havana. Property is located off SW 8 St. -"Calle Ocho", needs major rehab, has violations with the city and has no 40 Year re-certification. Two side by side structures, with 18 units in each building, 3 stories each. Units are spacious 1 Bed/ 1 Bath with open living/dining area & wall A/C. Tenants are month-to-month paying below market rents. Tremendous potential to renovate, beautify & raise rents. Great investment in highly desirable area. Property will produce over a 12% cap rate & 20% cash on cash return, once finished & stabilized. Minutes from Brickell, Coral Gables, Airport & expressway. Walking distance to schools, shops, restaurants & public transportation.

Supplements: 36 Unit Multifamily Rehab Project in Little Havana.

Listing Details MLS# A10365368

General Property Information

Number Of Buildings: 2
Number Of Units Total: Yes
Price Per Unit: 84722
Occupant Type: Tenant
Year Built: 1925
Lot Size Area: 21742
Lot Size Acres: 0.5
Stories Total: 3
Leasable Area: 21742

Property Features

Ceiling: Other Column Span: Unknown Documents Available: Investment Analysis; Rent Rolls Electric: 101-200 Amp Service Flooring: Tile; Vinyl Heating: Window/Wall Location of Property: City Location; Corner Lot Parking Features: None Possession: Before Closing; Negotiable Sale Includes: Building; Land Source Of Expenses: Owner Provided Tenant Pays: Electricity; Interior Electric Construction Materials: Brick Cooling: Wall/Window Unit(s) Listing Terms: Cash Rail Description: No Rail Service Road Frontage Type: City Street Traffic Type: Pedestrian Roof: Wood Truss/Rafter Security Features: Security Fence; Smoke Detector(s) Sewer: Public Sewer Water Source: Public Contingencies: None Acreage Description: 1/4 To Less Than 1/2 Acre Lot

Contract Information

Comp Sale YN: No
Original List Price: 3050000

Location and Legal

County Or Parish: Miami-Dade
County Parish Name: Miami-Dade
City Name: Miami
Municipal Code: Yes
State Or Province: FL
Postal Code: 33135
Postal Code +4: 5169
Subdivision Number: 63
Zoning: 3900
Flood Zone: X
Directions: Head east on SW 8 St. and turn left on SW 18 Ave.
Property Description: 36 Unit Multifamily Apartments

Financial Information

Tax Annual Amount: 33000
Tax Year: 2016
Tax Legal Description: SHENANDOAH PB 8-90 LOT 23 & 24 BLK 20 LOT SIZE 107.80 X 118 OR 20012-3850 1101 1 COC 24043-3273 07 2005 1

Status Change Information

Major Change Timestamp: 2018-04-10T16:59:39Z
Major Change Type: Status Change
Status Change Date: 2018-04-10
Under Contract Date: 2017-11-06
Close Date: 2018-04-10
Close Price: 2500000
Buyer Financing: Cash

More Information

Building and Property Details

# Of Tenants: 36
# Of Toilets: 36
Door Height: 0-8'
Interior Ceiling Height: 0
Maximum Ceiling Height: 0

Meter Information

Number Of Meters Total: 38

Short Sale Details

Short Sale Addendum: No

Income and Expenses

Gross Scheduled Income: 344000
Net Operating Income: 180000
Other Expense: 164128

Description of Unit Type 1

Unit Type: 1 Bedroom
Units Total: 36
Furnished: No

Buyer Details

Intended Use: Investment
Buyer State: Florida
Zip Code: 33130

Concessions

Seller Concessions: No

Section Details

Parcel Number MLX: 2930

Originating Details

Originating System Key: 274969119
Originating System ID: M00000151

Currently Not Used

Ownership Type: Sole Proprietor

Office/Member Information

DXORIGMLSID: SEF

Electric

101-200 Amp Service: Yes

Flooring

Tile: Yes
Vinyl: Yes

Parking Features

None: Yes

Documents Available

Investment Analysis: Yes
Photos: Yes
Rent Rolls: Yes

Tenant Pays

Electricity: Yes
Interior Electric: Yes

Location of Property

City Location: Yes
Corner Lot: Yes

Possession

Before Closing: Yes
Negotiable: Yes

Sewer

Public Sewer: Yes

Ceiling

Other: Yes

Column Span

Unknown: Yes

Heating

Window/Wall: Yes

Sale Includes

Building: Yes
Land: Yes

Construction Materials

Brick: Yes

Listing Terms

Cash: Yes

Road Frontage Type

City Street: Yes

Roof

Wood Truss/Rafter: Yes

Security Features

Security Fence: Yes
Smoke Detector(s): Yes

Water Source

Public: Yes

Source Of Expenses

Owner Provided: Yes

Cooling

Wall/Window Unit(s): Yes

Rail Description

No Rail Service: Yes

Traffic Type

Pedestrian: Yes

Contingencies

None: Yes

Acreage Description

1/4 To Less Than 1/2 Acre Lot: Yes

Listing Office: 477 International Realty

Last Updated: June - 13 - 2026

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