$1,749,999
12 Beds · 6 Baths · 4608 sqft
TURNKEY MULTIFAMILY IN LITTLE HAVANA – 6.58% CAP RATE! a premium income asset features 2 detached buildings with a uniform mix of six fully renovated 2BR/1BA units. Operating with a lean 31.83% expense ratio, the property yields a strong $115,144.50 NOI at a $1,750,000 purchase price. Over $200k in recent capital upgrades eliminates near-term CapEx: full interior renovations (2022), new permitted roofs (2024), new exterior stucco/paint (2024), roof-mounted mini-split HVACs (2024), plumbing updates, and independent full electrical upgrades including new main service entries and meter boxes (2025/2026). BUYER PEACE OF MIND: City of Miami 40 & 50-year structural recertifications are fully approved and finalized. Unmatched location stability blocks from Brickell, Downtown, and the Health District. Perfect for 1031 exchange or private portfolio growth. Move immediately into optimized, stable cash flow from day one
Bedrooms
12
Bathrooms
6
Living Area
4608 sqft
Heating
Central
Cooling
Central Air
Interior Features
First Floor Entry, Second Floor Entry, Other
Style
Detached, Two Story, Other
Roof
Composition Roll
Exterior Features
None, Open Balcony
Lot Size
5800 sqft
Parking Details
None
Property Type
Single Family Residence
MLS#
457204686
Year Built
1925
Area
Horners Addn
Days on Market
71
Monthly Payment
$10,847/mo
Listing courtesy of Sellstate 5 Star Realty
Listing information is deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Data last updated 7/10/2026. Listing provided courtesy of the Miami Association of REALTORS® MLS. The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange (IDX) program of the MIAMI Association of REALTORS®.


