Renovated 4-Unit Multifamily in Little Havana

This fourplex, located just steps from Calle Ocho in the heart of Little Havana, offers a unique investment opportunity. Calle Ocho, celebrated as a “national treasure” by the National Trust for Historic Preservation, is renowned for its authentic Cuban restaurants, vibrant ventanitas (takeout windows), lively nightlife, famous bars, warm Cuban bakeries, and colorful street festivals.

The property sits on a spacious 5,000 square foot lot and features a generous backyard. Each apartment has been recently renovated with new kitchens, bathrooms, flooring, and updated electrical and plumbing systems. The building also boasts a new pitched roof and impact windows throughout.

This property presents an attractive option for investors looking to own a valuable asset in a highly sought-after Miami location. It offers stability and potential for long-term growth. The setup is ideal for an investor who wishes to reside on-site while the rental income covers expenses, allowing the owner to benefit from both cash flow and property appreciation without traditional out-of-pocket costs associated with homeownership. The commercial zoning allows for short-term rentals.

Property Type: One-Story Multifamily Apartment
Unit Count: 4
Unit Mix: (3) One-Bedrooms & (1) Studio
Building Size: 1,800 SF
Lot Size: 5,000 SF
Zoning: T5-O
NOI: $74,600
Cap Rate: 5.53%
Asking Price: $1,350,000

• Commercial zoning
• Short term rentals allowed
• Prime location (bordering Calle Ocho)
• New roof
• New hurricane impact windows
• Updated kitchens
• Updated bathrooms
• New hardwood vinyl flooring
• Updated plumbing
• New electrical
• Large lot

Contact Sam Schwartz for more information:
(773) 750-3320 Sam@stl-advisors.com