Basics
- Category: CommercialSale
- Type: Multifamily
- Status: Active
- Bathrooms: 0
- Floors: 2
- Lot size: 7500, 7500 sq ft
- Year built: 1954
- County: Miami-Dade County
- Lease Term: MonthToMonth
- MLS ID: A11605993
Description
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Description:
CITY OF MIAMI SOUTH PB B-41 LOT 6 BLK 79 LOT SIZE 50.000 X 150 OR 12678-417 1085 5 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%. Please call the listing agent and do not disturb the tenants.
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Building Details
Amenities & Features
- Security Features: MotionDetectors,Other,SecurityLights
- Parking Total: 8
- Roof: Shingle
- Cooling: WallWindowUnits
- Electric: Item200AmpService
- Heating: WindowUnit,WallFurnace
Expenses, Fees & Taxes
- Trash Expense: $3,720
- Supplies Expense: 0
- Utilities Expense: $7,560
- Operating Expense: $28,718
- Tax Annual Amount: $15,349
- Insurance Expense: $5,700
Miscellaneous
- List Office Name: Douglas Elliman
- Listing Terms: Cash,Conventional,Other
Ask our real estate expert about this property
This Multifamily-type commercial real estate is located in FL, Miami was built in 1954, and is listed at $2,300,000.