Price $1,100,000
Status Active
Size 5,948 sqft
Lot Size 5,249 sqft
Days on Market 2
Prime 8 Unit Multifamily Investment Opportunity in the Heart of Miami! Discover this income producing property ideally located near Little Havana, Downtown Miami, Brickell and major expressways. This two story building features eight spacious 1 bedroom, 1 bathroom apartments with separate electric meters and 5,948 sq. ft. of building area. All units feature similar layouts and the property has been maintained with updates and repairs as needed. Highlights include a roof replaced in 2023 and City of Miami approved structural and electrical recertification reviews in 2025. Currently generating $115,200 in annual rental income, with approximately $72,200 in adjusted annual net operating income (NOI) based on estimated recurring expenses of $43,000. Excellent rental upside potential, with projected gross income of $144,000 annually if all eight units rent for $1,500 per month, subject to market conditions and existing month to month leases. This property offers investors immediate income, strong rental growth potential and a prime central Miami location. Don't miss this opportunity to own eight income producing units under one roof!
Property Type(s): Commercial
Last Updated 11/4/2026 Year Built 1925
Community 41 County Miami-Dade

Additional Details

AIR Wall/Window Unit(s)
AIR CONDITIONING Yes
AREA 41
CONSTRUCTION BLOCK, Concrete
HEAT Wall Furnace
LOT 5249 sq ft
LOT DIMENSIONS 5120
SEWER Public Sewer
STORIES 2
TAXES 11340
WATER Public
ZONING 5700

Location

 

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Listed with Coldwell Banker Realty
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