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Multifamily | 5.40% CAP | 6 Units 1332 SW 2nd St 6 Unit Apartment Building $1,722,000 CAD ($287,000 CAD/Unit) 5.40% Cap Rate Miami, FL 33135
Executive Summary
Metro 1 is pleased to present 1332 SW 2nd Street, a fully occupied six-
unit apartment building in Miami’s Little Havana neighborhood. Offered
at $1,250,000, the property comprises approximately 4,528 square feet
on a 7,500-square-foot lot. The unit mix includes four two-bedroom/
two-bathroom apartments and two one-bedroom/one-bathroom
apartments. The current rent roll generates a 5.4% cap rate.
The property offers a defined, renovation-driven value-add opportunity.
Located a few blocks north of Calle Ocho, the property is near Little
Havana’s primary cultural and entertainment district, including Domino
Park, Tower Theater and Ball & Chain. Little Havana’s central position
just west of Downtown Miami and Brickell, established renter base,
walkable urban fabric and internationally recognized cultural identity
make this a compelling opportunity to acquire immediate income with
attainable rental upside in one of Miami’s most distinctive urban-core
neighborhoods.
unit apartment building in Miami’s Little Havana neighborhood. Offered
at $1,250,000, the property comprises approximately 4,528 square feet
on a 7,500-square-foot lot. The unit mix includes four two-bedroom/
two-bathroom apartments and two one-bedroom/one-bathroom
apartments. The current rent roll generates a 5.4% cap rate.
The property offers a defined, renovation-driven value-add opportunity.
Located a few blocks north of Calle Ocho, the property is near Little
Havana’s primary cultural and entertainment district, including Domino
Park, Tower Theater and Ball & Chain. Little Havana’s central position
just west of Downtown Miami and Brickell, established renter base,
walkable urban fabric and internationally recognized cultural identity
make this a compelling opportunity to acquire immediate income with
attainable rental upside in one of Miami’s most distinctive urban-core
neighborhoods.
Property Facts
| Price | $1,722,000 CAD | Apartment Style | Low-Rise |
| Price Per Unit | $287,000 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.17 AC |
| Cap Rate | 5.40% | Building Size | 4,528 SF |
| No. Units | 6 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1972 |
| Zoning | SD-14.1 | ||
| Price | $1,722,000 CAD |
| Price Per Unit | $287,000 CAD |
| Sale Type | Investment |
| Cap Rate | 5.40% |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.17 AC |
| Building Size | 4,528 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1972 |
| Zoning | SD-14.1 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 6 | - | - |
Exceptionally walkable
100/100
Fairly drivable
40/100
Good public transit
70/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | 01-4102-006-2200 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $1,096,497 CAD |
Property Taxes
Parcel Number
01-4102-006-2200
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$1,096,497 CAD
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Multifamily | 5.40% CAP | 6 Units | 1332 SW 2nd St
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