931 4Th St Miami, FL 33130

Property Details for 931 4Th St

Year built

1948

Property size

31,192 SF

Property type

Commercial real estate

Description

This exceptional multifamily investment opportunity presents a 41-unit apartment complex located at 931 SW 4th St, Miami, FL 33130, in the vibrant East Little Havana neighborhood. The property boasts a total of 31,192 square feet and sits on over 35,000 square feet of land. Built in 1948, the complex underwent significant renovations in 2008, encompassing 30 units. These renovations included new roofs, electrical systems, flooring, and plumbing, ensuring modern functionality within a classic structure. An additional 12-unit structure was added in 2007, featuring modern amenities such as individual water meters, central air conditioning, PVC plumbing, and impact-resistant windows and doors. The unit mix comprises 23 spacious one-bedroom units and 18 two-bedroom, one-bathroom units. On-site parking and convenient in-courtyard washer/dryer facilities are provided for residents. The property's strategic location offers unparalleled urban convenience, situated just one block from Riverside Park and two blocks from Ada Merritt, making it particularly attractive to families. The asking price is $9,500,000, translating to an attractive price per square foot of $304 and a price per unit of $231,707. This presents a rare opportunity to acquire a well-maintained, high-occupancy multifamily property in a rapidly appreciating Miami neighborhood.