Multifamily Apartment
224 Southwest 4th Avenue Miami, FL 33130
224 Southwest 4th Avenue, Miami, FL, 33130
$1,350,000
For Sale
$1,350,000
Apartment building with a unit mix of one- and two-bedroom layouts, fronting Jose Marti Park.
Property Size5,902 SF
Price / SF$228.74
Days on Market2317
Property Features for 224 Southwest 4th Avenue
General Information
- Standard status
- Active
- Size
- 5,902 SF
- Property subtype
- Commercial/Industrial / Income/Multi Family
Building Details
- Year Built
- 1975
Listing Agency
Fausto Commercial Realty Consultants Inc
(305) 340-8901
Listed by
Mauricio Villasuso · License #3254982
(305) 340-8901
Source
Compass
Added: Mar 16, 2020 Checked: Jul 19 at 5:10 am
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Fausto Commercial Realty Consultants Inc
Investment Insights
Based on property information with market context.
This multifamily apartment building features a diverse unit mix, including one-bedroom and two-bedroom options. A last 10-year certification was completed in 2015, providing documented compliance within that certification cycle.
The property is located on Southwest 4th Avenue, fronting Jose Marti Park. Walkable access is noted to Brickell, Downtown City Center, and Calle Ocho, with connectivity to nearby I-95.
The remarks also describe the building as central to major Miami employment centers, including the Health District, Downtown, the Gables, and Miami Beach.
The property is located on Southwest 4th Avenue, fronting Jose Marti Park. Walkable access is noted to Brickell, Downtown City Center, and Calle Ocho, with connectivity to nearby I-95.
The remarks also describe the building as central to major Miami employment centers, including the Health District, Downtown, the Gables, and Miami Beach.
Key Highlights
- Apartment building built in 1975
- Unit mix includes one‑bedroom and two‑bedroom layouts
- Fronts Jose Marti Park on SW 4AV in East Little Havana
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $212.5k | $36.00 |
| − Vacancy | −$14.2k | −$2.41 |
| EGI | $198.2k | $33.59 |
| − OpEx | −$89.2k | −$15.11 |
| NOI | $109.0k | $18.47 |
5,902 SF · lease $36.00/SF/yr · vacancy 6.70% · expense 45.00%
Alternative Uses
Best Use
Apartment 5plus
$1.56M
$1.36M – $1.82M
NOI $109,030 @ 7.0% cap · market cap 8.08%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$3.98M
$3.49M – $4.65M
NOI $278,872 @ 7.0% cap · market cap 20.66%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Location Intelligence
Current Use by Public Records
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FAQs
What type of property is this?
Apartment building - Apartment building with a unit mix of one- and two-bedroom layouts, fronting Jose Marti Park.
Where is this apartment building located?
The property is located at 224 Southwest 4th Avenue Miami, FL.
What is the asking price?
The asking price for this property is $1,350,000.
What are key features of this property?
This property features: Apartment building built in 1975; Unit mix includes one‑bedroom and two‑bedroom layouts; Fronts Jose Marti Park on SW 4AV in East Little Havana
