220 SW 18th Ave, Miami, FL 33135

About 220 SW 18th Ave, Miami, FL 33135

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%.

How This Listing Compares in Miami

Medians from closed MLS sales in Miami; a starting point, not an appraisal.

Home Features at 220 SW 18th Ave, Miami, FL 33135

Pool Private

No

The Building at 220 SW 18th Ave, Miami, FL 33135

Building Area Total

9918

Building Area Units

Square Feet

Association

No

Lot, Views & Construction at 220 SW 18th Ave, Miami, FL 33135

Lot Size Square Feet

9,750

Waterfront

No

View

No

New Construction

No

Taxes & Public Record for 220 SW 18th Ave, Miami, FL 33135

Parcel Number

01-41-03-014-1190

Tax Legal Description

3 54 41 IDLEWILD PARK PB 2-87 LOT 1 BLK 33 LOT SIZE 9750 SQUARE FEET OR 16047-2638 0893 2 COC 24172-1564 01 2006 1

Zoning

4600

County Or Parish

Miami-Dade County

Map & Neighborhood