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    120 SW 20Th Ave Miami, FL 33135

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    For Sale
    $1,600,000

    Well-maintained six-unit apartment building in Little Havana with upside potential.

    Lot size:
    0.14 Acres

    Property Features for 120 SW 20Th Ave

    General Information

    Lot size
    0.14 Acres

    Building Details

    Year built
    1941

    Source: SRJ Group, LLC Agent Janet Prieto

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Six-Unit Multifamily in Little Havana

    This is a six-unit multifamily apartment building located in Little Havana. The property is zoned T6-8-O, offering possibilities for maximizing return on investment. The building is well maintained and up to date. There is potential to increase income with added parking, RUBS (Ratio Utility Billing System), and coin laundry. A new roof and hurricane impact windows were installed between 2021 and 2023, along with full unit renovations. The 40-year recertification, including all new electrical panels and meters, was completed in 2022. High rental demand characterizes the location.
    Location Intelligence

    Current Use by Public Records

    Apartment buildings

    Suggested Use

    Law Firm Restaurant Realty agency Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Miami
    County
    Miami-Dade
    State
    Florida
    Longitude
    -80.228239
    Latitude
    25.771083

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    FAQs

    What type of property is this?
    Apartment building - Well-maintained six-unit apartment building in Little Havana with upside potential.
    Where is this apartment building located?
    The property is located at 120 SW 20Th Ave Miami, FL.
    What is the asking price?
    The asking price for this property is $1,600,000.
    What are key features of this property?
    This property features: - Highly favorable T6-8-O zoning offers potential for maximizing ROI.; - New roof and hurricane impact windows (2021-2023) enhance safety and reduce maintenance.; - Full unit renovations and 40yr recertification with new electrical panels/meters (2022) indicate modern, code-compliant units.
    (786) 208-6562
    Request Owner's contact information
    120 SW 20Th Ave Miami, FL 33135
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    Miami, FL 33135
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    120 SW 20Th Ave Miami, FL 33135
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