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Renovated Multifamily in Little Havana

Miami, FL 33130 Miami, FL 33130

Miami, FL, 33130
$2,200,000
For Sale
Claim this Listing
$2,200,000

MULTI_FAMILY - Other - Miami, FL

Property Size4,608 SF
Lot Size0.13 Acres
Price / SF$477.43
AddedOct 25, 2025
Days on Market265
Last RefreshJul 16 at 8:06 am

Property Features

General Information

Property type
Residential Multi Family
Property subtype
Other
Standard status
Active
APN
RDJ REAL ESTATE INVESTMENTS LLC
Lot size
0.13 Acres

Taxes and HOA fees

Tax Year
2024
Tax Annual Amount
22803

Building Details

Year built
1925
Floors in Building
2
Architectural style
Other

Listing agent Joey Fumero-Manso License #279646883

Listing office Re/Max Destination Realty 4048 Evans Ave, Ste 307, Fort Myers, FL

Listing date Oct 25, 2025

MLS# 2025017041

Copyright © 2026 Florida Gulf Coast Multiple Listing Service, Inc. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.


Investment Insights

Based on property information with market context.

This fully renovated 6-unit multifamily building is located in Little Havana. The property consists of five 2-bedroom, 1-bathroom units and one 3-bedroom, 1-bathroom unit, totaling 4,608 square feet of living space. The building generates $14,100 per month in rental income, translating to a 5.94% capitalization rate. The roof was replaced in 2024 with a permit, and all A/C units/mini-splits were updated in 2023. The 40-year recertification is complete as of 2025. The property is situated on a 0.13-acre lot.

Key Highlights

  • High income generation: Generates $14,100 per month in rental income.
  • Turn‑key property is fully renovated, minimizing immediate maintenance costs.
  • New roof replaced in 2024 (with permit).

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 $165.9k $36.00
− Vacancy −$11.1k −$2.41
EGI $154.8k $33.59
− OpEx −$69.6k −$15.11
NOI $85.1k $18.47
4,608 SF · lease $36.00/SF/yr · vacancy 6.70% · expense 45.00%

Alternative Uses

Best Use
Apartment 5plus
$1.22M
$1.06M – $1.42M (±1% cap)
NOI $85,125 @ 7.0% cap · market cap 3.87%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$3.11M
$2.72M – $3.63M (±1% cap)
NOI $217,730 @ 7.0% cap · market cap 9.90%
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

Apartment buildings

FAQs

What type of property is this?
Apartment building - Fully renovated 6-unit multifamily property in Little Havana.
Where is this apartment building located?
The property is located at Miami, FL.
What is the asking price?
The asking price for this property is $2,200,000.
What are key features of this property?
This property features: High income generation: Generates $14,100 per month in rental income.; Turn‑key property is fully renovated, minimizing immediate maintenance costs.; New roof replaced in 2024 (with permit).
Contact an agent
More about this property
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