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1236-1238 1234 SW 4th St 8 Unit Apartment Building $2,554,295 CAD ($319,287 CAD/Unit) 8.98% Cap Rate Miami, FL 33135
Investment Highlights
- Heavy foot traffic
- Walking distance to Calle 8 and Hospital District
- Lots of Natural Lights
Executive Summary
THE 40-YEAR RECERTIFICATION HAS BEEN SUCCESSFULLY COMPLETED IN 2025
Investor’s Dream! Multifamily property featuring 8 fully rented units in the heart of Little Havana, just steps from the iconic Calle Ocho, and minutes from Brickell, Downtown, and the Health District. This income-producing asset offers strong cash flow with long-term tenants, additional laundry income, impact windows, and a new roof. Prime walkable location with consistent rental demand—don’t miss this rare opportunity! T5-0 zoning in Miami establishes a dynamic, mixed-use environment optimized for walkable urban communities, allowing a wide range of uses by right—including residential, commercial, entertainment, and lodging.
Investor’s Dream! Multifamily property featuring 8 fully rented units in the heart of Little Havana, just steps from the iconic Calle Ocho, and minutes from Brickell, Downtown, and the Health District. This income-producing asset offers strong cash flow with long-term tenants, additional laundry income, impact windows, and a new roof. Prime walkable location with consistent rental demand—don’t miss this rare opportunity! T5-0 zoning in Miami establishes a dynamic, mixed-use environment optimized for walkable urban communities, allowing a wide range of uses by right—including residential, commercial, entertainment, and lodging.
Financial Summary (Actual - 2024) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$289,947
|
$38.70
|
| Other Income |
$6,903
|
$0.92
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$296,850
|
$39.62
|
| Taxes |
$26,170
|
$3.49
|
| Operating Expenses |
$60,337
|
$8.05
|
| Total Expenses |
$86,506
|
$11.55
|
| Net Operating Income |
$210,344
|
$28.08
|
Financial Summary (Actual - 2024)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $289,947 |
| Annual Per SF | $38.70 |
| Other Income (CAD) | |
|---|---|
| Annual | $6,903 |
| Annual Per SF | $0.92 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $296,850 |
| Annual Per SF | $39.62 |
| Taxes (CAD) | |
|---|---|
| Annual | $26,170 |
| Annual Per SF | $3.49 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $60,337 |
| Annual Per SF | $8.05 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $86,506 |
| Annual Per SF | $11.55 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $210,344 |
| Annual Per SF | $28.08 |
Property Facts
Amenities
Unit Amenities
- Kitchen
- Refrigerator
- Oven
Site Amenities
- Laundry Service
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 4+2 | 1 | $8,284 CAD | - |
| 2+1 | 1 | $2,899 CAD | - |
| 3+2 | 1 | $3,728 CAD | - |
| 1+1 | 1 | $2,485 CAD | - |
| Studios | 1 | $2,071 CAD | - |
| 2+1 | 1 | $2,623 CAD | - |
| 1+1 | 1 | $2,071 CAD | - |
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Walk Score®
Walker's Paradise (95)
Property Taxes
| Parcel Number | 01-4102-006-4060 | Total Assessment | $1,474,766 CAD (2025) |
| Land Assessment | $0 CAD (2025) | Annual Taxes | $26,170 CAD ($3.49 CAD/SF) |
| Improvements Assessment | $0 CAD (2025) | Tax Year | 2024 |
Property Taxes
Parcel Number
01-4102-006-4060
Land Assessment
$0 CAD (2025)
Improvements Assessment
$0 CAD (2025)
Total Assessment
$1,474,766 CAD (2025)
Annual Taxes
$26,170 CAD ($3.49 CAD/SF)
Tax Year
2024
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Presented by
Ugarit Realty
1236-1238 | 1234 SW 4th St
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