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PURA VIDA ~ 6% CAP ~ BRAND NEW LUXURY BLDG 1037 NW 2nd St 10 Unit Apartment Building $5,371,520 CAD ($537,152 CAD/Unit) 6.16% Cap Rate Miami, FL 33128

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INVESTMENT HIGHLIGHTS

  • Rooftop terrace with panoramic sunrise / sunset views of Brickell & Downtown Miami!!
  • In-unit washer & dryer (rare and highly sought-after)!
  • Covered private, gated parking (EV also) for ultimate security!
  • BRAND NEW 10 UNIT BUILDING = You decide to do Short-Term / Co-Living or annual leases!
  • SELLER FINANCING AVAILABLE = Based on price and terms!
  • 10 minutes to Brickell / Downtown / MIA Airport!

EXECUTIVE SUMMARY

New Price! BRAND NEW 10 UNITS = 6% CAP RATE!! Design-Led Investment in Little Havana / NW Brickell / Riverside! Discover this Italian-inspired, newly built 10-unit multifamily gem in one of Miami’s fastest-growing, culturally rich areas. Crafted with award-winning Crelux Designs, it offers architectural elegance, income efficiency, and up to 10-year builder warranties for low maintenance. Each unit features custom dual-tone kitchens, stainless steel appliances, designer baths, wood-look porcelain floors, LED lighting, central AC, & in-unit washers/dryers. Residents enjoy a rooftop deck with sweeping views from Brickell to South Beach, a private backyard with BBQ lounge, EV-ready covered parking, & elevator. Designed to drive premium rents & attract quality tenants. Seller financing option!
A Rare, Design-Led Investment Opportunity in the Heart of Little Havana / Spring Garden / Riverside!!
Introducing an Italian inspired standout opportunity in one of Miami’s fastest-growing and most culturally vibrant
neighborhoods. This newly built, 10-unit multifamily property—expertly crafted in partnership with the award-winning
Crelux Designs—combines architectural sophistication with income-generating efficiency.
Purposefully constructed from the ground up, the building comes with builder warranties of up to 10 years, providing
long-term peace of mind and significantly reduced maintenance costs. Every unit has been meticulously finished to
deliver above-market rental income and attract high-quality, long-term residents.
Each residence features dual-tone custom kitchens, sleek stainless steel appliances, designer bathrooms with
premium tile finishes, central air conditioning, wood-look porcelain tile flooring, LED linear lighting, and—most notably
—in-unit washers and dryers, a rare and valuable amenity in this submarket.
The building elevates resident lifestyle with thoughtfully integrated shared spaces, including a sensational rooftop
deck with panoramic luscious sunrise / sunset views of Brickell, downtown Miami, & all the way to South Beach; a
private backyard lounge with BBQ grill and sun seating, EV-ready covered parking, and elevator access——all
contributing to high resident satisfaction and rental upside.
Whether you're seeking a premium asset for a 1031 exchange, expanding a high-performing portfolio, or acquiring a
low-maintenance, design-forward legacy building—this property delivers lasting value, modern functionality, and
strong rental demand in a red-hot rental corridor

A brand-new, Italian inspired, architecturally curated 10-unit apartment building in Little Havana,
professionally designed by Crelux Designs. Built for long-term performance and resident appeal, every
unit is outfitted with high-end finishes and rare conveniences like in-unit laundry. With up to 10 years of
builder warranties and no immediate maintenance needs, this is a low-risk, high-upside turnkey
investment in a thriving Miami neighborhood.
HIGHLIGHTS & AMENITIES
Contemporary architecture and interior design by Crelux Designs
Dual-tone custom kitchens with stainless steel appliances
Designer bathrooms with luxury tile finishes
In-unit washer & dryer (rare and highly sought-after)
LED linear lighting and wood-look tile flooring throughout
Central air conditioning
Rooftop terrace with panoramic sunrise / sunset views of Brickell & Downtown Miami
Private backyard lounge with BBQ grill and seating
Elevator access
Covered parking with EV charging capability

FINANCIAL SUMMARY (PRO FORMA - 2025)

ANNUAL (CAD) ANNUAL PER SF (CAD)
Gross Rental Income $386,749 $55.25
Other Income - -
Vacancy Loss - -
Effective Gross Income $386,749 $55.25
Taxes $66,970 $9.57
Operating Expenses $52,487 $7.50
Total Expenses $119,457 $17.07
Net Operating Income $267,292 $38.18

FINANCIAL SUMMARY (PRO FORMA - 2025)

Gross Rental Income (CAD)
Annual $386,749
Annual Per SF $55.25
Other Income (CAD)
Annual -
Annual Per SF -
Vacancy Loss (CAD)
Annual -
Annual Per SF -
Effective Gross Income (CAD)
Annual $386,749
Annual Per SF $55.25
Taxes (CAD)
Annual $66,970
Annual Per SF $9.57
Operating Expenses (CAD)
Annual $52,487
Annual Per SF $7.50
Total Expenses (CAD)
Annual $119,457
Annual Per SF $17.07
Net Operating Income (CAD)
Annual $267,292
Annual Per SF $38.18

PROPERTY FACTS

Price $5,371,520 CAD
Price Per Unit $537,152 CAD
Sale Type Investment
Cap Rate 6.16%
Sale Conditions
1031 Exchange
  • Build to Suit
  • High Vacancy Property
  • Redevelopment Project
No. Units 10
Property Type Multifamily
Property Subtype
Apartment
  • Multifamily Dormitory
Apartment Style Low-Rise
Building Class B
Lot Size 0.14 AC
Construction Status Under Construction
Building Size 7,000 SF
Average Occupancy 0%
No. Stories 3
Year Built 2025
Parking Ratio 1.43/1,000 SF
Zoning 3900:MULTI-FAM,38-62 U/A - 3900:MULTI-FAM,38-62 U/A

AMENITIES

UNIT AMENITIES

  • Air Conditioning
  • Dishwasher
  • Microwave
  • Washer/Dryer
  • Tile Floors
  • High Speed Internet Access
  • Refrigerator
  • Oven
  • Stainless Steel Appliances
  • Views

SITE AMENITIES

  • 24 Hour Access
  • Courtyard
  • Fenced Lot
  • Laundry Facilities
  • Picnic Area
  • Gated
  • Grill
  • Pet Play Area
  • Storage Space
  • Bicycle Storage
  • Car Charging Station
  • Elevator
  • Lounge
  • Multi Use Room
  • Sundeck
  • Fiber Optic Internet

UNIT MIX INFORMATION

DESCRIPTION NO. UNITS AVG. RENT/MO SF
Studios 4 $2,511 CAD 550
2+1 6 $3,697 CAD 730
Walk Score®
Very Walkable (89)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
01-4102-005-1650
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$703,549 CAD
Annual Taxes
$66,970 CAD ($9.57 CAD/SF)
Tax Year
2025
  • Listing ID: 36432465

  • Date on Market: 2025-06-26

  • Last Updated:

  • Address: 1037 NW 2nd St, Miami, FL 33128

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