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1520 NW 1st St 7 Unit Apartment Building $2,180,588 CAD ($311,513 CAD/Unit) 6.29% Cap Rate Miami, FL 33125

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INVESTMENT HIGHLIGHTS

Covered land play scenario on a Live-Local/SB112 eligible site for future development
Option to convert to AirBnB, short-term rental, maximize existing density, convert to 11 units with existing structure

Add-value opportunity to renovate building, configure large front building into 3 bedroom units

EXECUTIVE SUMMARY

Fausto Commercial presents Charwin Apartments: a charming Miami Spanish-style six-plex on a major commercial corridor. It offers two one-bed/one-bath units and four two-bed/one-bath units with spacious living areas. With a 5-year-old roof, this competitively priced property is ideal for renovation. Its historic architecture may qualify for tax abatements, credits, and restoration grants. Zoned T5-L, it's eligible for short-term rentals and the Live-Local program. The location ensures excellent connectivity to major roadways, highways, and nearby retail. With attractive unit sizes, competitive pricing, and a strategic location, this is a great opportunity for investors seeking immediate returns and long-term growth.

1520 NW 1 ST-MV-FLYER

PROPERTY FACTS

Price	$2,180,588 CAD	Apartment Style	Low-Rise
Price Per Unit	$311,513 CAD	Building Class	C
Sale Type	Investment	Lot Size	0.17 AC
Cap Rate	6.29%	Building Size	6,035 SF
No. Units	7	No. Stories	2
Property Type	Multifamily	Year Built	1930
Property Subtype	Apartment Multifamily Dormitory	Parking Ratio	0.66/1,000 SF
Zoning	T5L - Special District Dwelling

Price	$2,180,588 CAD
Price Per Unit	$311,513 CAD
Sale Type	Investment
Cap Rate	6.29%
No. Units	7
Property Type	Multifamily
Property Subtype	Apartment Multifamily Dormitory
Apartment Style	Low-Rise
Building Class	C
Lot Size	0.17 AC
Building Size	6,035 SF
No. Stories	2
Year Built	1930
Parking Ratio	0.66/1,000 SF
Zoning	T5L - Special District Dwelling