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1037 NW 2nd St
Miami, FL 33128
Pura Vida · Multifamily Property For Sale
·
10 Units
Executive Summary
Newly constructed 10-unit multifamily asset in the rapidly growing East Little Havana submarket of Miami.
The building features a well-balanced unit mix of FOUR studio apartments and SIX two-bedroom residences, designed to appeal to a wide range of tenants including young professionals, medical employees, and small families. Each unit includes modern kitchens, stainless steel appliances, porcelain tile flooring, central air conditioning, and in-unit washer and dryer, providing a contemporary living experience that supports strong tenant demand.
Based on current market rents, the property has the potential to generate approximately $22,000 in gross monthly income, or $264,000 annually, representing an estimated capitalization rate of approximately 6%. As a new construction, turnkey multifamily investment, VIDA offers investors the advantage of low maintenance, modern construction, and long-term income potential in one of Miami’s most dynamic urban neighborhoods.
Located at 1037 NW 2nd Street, the property is strategically positioned just minutes from Downtown Miami, Brickell, Wynwood, LoanDepot Park, and the Miami Health District, providing tenants with immediate access to major employment centers, entertainment, and transit.
VIDA is ideally suited for multifamily investors seeking stable cash flow, portfolio expansion, or a strategic 1031 exchange opportunity in the Miami market.
For additional information or to schedule a private tour, please contact Denis Alvarez, Luxe Capital Advisors.
The building features a well-balanced unit mix of FOUR studio apartments and SIX two-bedroom residences, designed to appeal to a wide range of tenants including young professionals, medical employees, and small families. Each unit includes modern kitchens, stainless steel appliances, porcelain tile flooring, central air conditioning, and in-unit washer and dryer, providing a contemporary living experience that supports strong tenant demand.
Based on current market rents, the property has the potential to generate approximately $22,000 in gross monthly income, or $264,000 annually, representing an estimated capitalization rate of approximately 6%. As a new construction, turnkey multifamily investment, VIDA offers investors the advantage of low maintenance, modern construction, and long-term income potential in one of Miami’s most dynamic urban neighborhoods.
Located at 1037 NW 2nd Street, the property is strategically positioned just minutes from Downtown Miami, Brickell, Wynwood, LoanDepot Park, and the Miami Health District, providing tenants with immediate access to major employment centers, entertainment, and transit.
VIDA is ideally suited for multifamily investors seeking stable cash flow, portfolio expansion, or a strategic 1031 exchange opportunity in the Miami market.
For additional information or to schedule a private tour, please contact Denis Alvarez, Luxe Capital Advisors.
Property Facts
| Price Per Unit | $513,521 CAD | Building Class | B |
| Sale Type | Investment | Lot Size | 0.14 AC |
| Cap Rate | 6% | Building Size | 7,000 SF |
| No. Units | 10 | Average Occupancy | 0% |
| Property Type | Multifamily | No. Stories | 3 |
| Property Subtype | Apartment | Year Built | 2026 |
| Apartment Style | Low-Rise | Parking Ratio | 1/1,000 SF |
| Zoning | 3900:MULTI-FAM,38-62 U/A - 3900:MULTI-FAM,38-62 U/A | ||
| Price Per Unit | $513,521 CAD |
| Sale Type | Investment |
| Cap Rate | 6% |
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | B |
| Lot Size | 0.14 AC |
| Building Size | 7,000 SF |
| Average Occupancy | 0% |
| No. Stories | 3 |
| Year Built | 2026 |
| Parking Ratio | 1/1,000 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 | $2,449 CAD | 550 |
| 2+1 | 6 | $3,401 CAD | 730 |
Property Taxes
| Parcel Number | 01-4102-005-1650 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $686,438 CAD |
Property Taxes
Parcel Number
01-4102-005-1650
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$686,438 CAD
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