1560 5Th St Miami, FL 33135

Property Details for 1560 5Th St

Property size

8,438 SF

Property type

Commercial real estate

Description

This exceptional two-story apartment building, boasting 8,438 square feet on a 7,500 square foot lot, presents a compelling investment opportunity in the heart of Miami's Little Havana. The property comprises twelve units – eight one-bedroom apartments and four studios – offering a diverse rental mix. Located at 1560 SW 5th St, Miami, FL 33135, this building benefits from its vibrant surroundings, close proximity to Calle Ocho, and easy access to the cultural attractions and culinary delights of Little Havana. Residents enjoy convenient access to shops, cafes, and parks. The property's strategic location also provides convenient access to Brickell and Downtown Miami, within a five-minute drive. With a projected 7.33% cap rate and an asking price of $2,600,000, this multifamily property offers significant potential for appreciation, driven by the ongoing revitalization and increasing popularity of Little Havana. Seller financing is available, making this an even more attractive investment prospect. The building's strong rental demand and potential for future renovations contribute to its overall investment appeal. This is a rare chance to acquire a well-situated multifamily property in a thriving Miami neighborhood.