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1236-1238 1234 SW 4th St 8 Unit Apartment Building $2,560,192 CAD ($320,024 CAD/Unit) 7.43% 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 |
$257,498
|
$34.33
|
| Other Income |
$6,976
|
$0.93
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$264,474
|
$35.26
|
| Taxes |
$26,445
|
$3.53
|
| Operating Expenses |
$41,856
|
$5.58
|
| Total Expenses |
$68,301
|
$9.11
|
| Net Operating Income |
$196,173
|
$26.16
|
FINANCIAL SUMMARY (ACTUAL - 2024)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $257,498 |
| Annual Per SF | $34.33 |
| Other Income (CAD) | |
|---|---|
| Annual | $6,976 |
| Annual Per SF | $0.93 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $264,474 |
| Annual Per SF | $35.26 |
| Taxes (CAD) | |
|---|---|
| Annual | $26,445 |
| Annual Per SF | $3.53 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $41,856 |
| Annual Per SF | $5.58 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $68,301 |
| Annual Per SF | $9.11 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $196,173 |
| Annual Per SF | $26.16 |
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 | $4,883 CAD | - |
| 2+1 | 2 | $2,790 CAD | - |
| 3+1 | 1 | $3,767 CAD | - |
| 1+1 | 2 | $2,651 CAD | - |
| Studios | 1 | $2,093 CAD | - |
1 1
Walk Score®
Walker's Paradise (95)
PROPERTY TAXES
| Parcel Number | 01-4102-006-4060 | Total Assessment | $1,528,746 CAD (2025) |
| Land Assessment | $0 CAD (2025) | Annual Taxes | $26,445 CAD ($3.53 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
$1,528,746 CAD (2025)
Annual Taxes
$26,445 CAD ($3.53 CAD/SF)
Tax Year
2024
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Presented by
Ugarit Realty
1236-1238 | 1234 SW 4th St
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