Little Havana Fourplex Investment
For Sale
$650,000
1325 SW 6th St, Miami, FL 33135
Fourplex in Little Havana with redevelopment potential.
Property Size2,131 SF
Days on Market208
Property Features for 1325 SW 6th St
General Information
Standard status
Active
Size
2,131 SF
Property subtype
Quadruplex
Site & Location
Neighborhood
Latin Quarter
Taxes and HOA fees
Annual Taxes
$11,991
Building Details
Building Size
2,131 SF
Year Built
1951
Listing Agency:
Pinnacle Realty of Florida Corp
Listed By:
Christian Giraldo · License #3475715
(562) 644-1107
Source:
Miamibrokersgroup
Added: Apr 6
Changed: Oct 26
Last Checked: Oct 28 at 4:46PM
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 Pinnacle Realty of Florida Corp
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Investment Insights
Based on property information with market context.
This fourplex in Little Havana presents an investment opportunity with potential for redevelopment, renovation, or customization. The property offers opportunities to increase rental income and maximize returns. Existing violations and Per Diem Fines are to be assumed by the buyer. The property is located in a tourist area within a desirable and growing neighborhood of Miami. The location has a walk score of 93, indicating it is a walker's paradise, a bike score of 62, indicating it is bikeable, and a transit score of 54, indicating good transit.
Key Highlights
- Prime location in Little Havana, a highly desirable Miami neighborhood.
- High walkability score of 93 means convenient access to amenities.
- Investment opportunity with potential to increase rental income.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$42,738
Cap Rate
6.58%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$854,760
$854.8K
Cap Rate 7%
$610,543
$610.5K
Cap Rate 9%
$474,867
$474.9K
Market Conditions
NOI Build-Up for 2,131 SF
Gross rent
$65.2K $30.60/SF
− Vacancy
−$4.2K −$1.95/SF
EGI
$61.1K $28.65/SF
− OpEx
−$18.3K −$8.60/SF
NOI
$42.7K $20.06/SF
Area
Miami, FL
Vacancy
6.37%
Lease Rate
$30.60 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$854,760
Cap Rate 7%
$610,543
Cap Rate 9%
$474,867
Alternative Uses
Best Use
Multifamily LT 5
$610.5K
$534.2K – $712.3K
NOI $42,738 @ 7.0% cap · market cap 6.58%
Second Best
Apartment 5plus
$562.4K
$492.1K – $656.1K
NOI $39,367 @ 7.0% cap · market cap 6.06%
Theoretical Best
Specialty Retail
$1.44M
$1.26M – $1.68M
NOI $100,691 @ 7.0% cap · market cap 15.49%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Location Intelligence
Trade Area within ½ mile
3,618
Businesses Nearby
Explore this area
Business Placement
Demographics for 33135, FL
36,232
Population
15,922
Households
2.3
Avg Household Size
44
Median Age
21%
College-Educated
70%
High-School Grad
2.1 sq mi
ZIP Area
17,253
Density / Sq Mi
$37,757
Median Household Income
$28,850
Median Earnings
$1,315
Median Rent
$396,700
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Multifamily in South region
Frequently Asked Questions
What type of property is this?
Quadplex - Fourplex in Little Havana with redevelopment potential.
Where is this quadplex located?
The property is located at 1325 SW 6th St Miami, FL.
What is the asking price?
The asking price for this property is $650,000.
What are key features of this property?
This property features: Prime location in Little Havana, a highly desirable Miami neighborhood.; High walkability score of 93 means convenient access to amenities.; Investment opportunity with potential to increase rental income.
