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1630 NW 18th St 12 Unit Apartment Building $5,409,356 CAD ($450,780 CAD/Unit) 6.30% Cap Rate Miami, FL 33125
Investment Highlights
- Fully renovated 12-unit property features a brand new roof, high-impact windows, updated flooring, modern appliances, and completely upgraded plumbing
- This prime investment opportunity offers a strong 6% cap rate and a turnkey property that's fully renovated and ready for immediate income generation.
- The property is conveniently located just minutes from Jackson Memorial Hospital, close to Miami International Airport, and 10 minutes from downtown
- The property is fully gated with secured entry and features a monitored security camera system, ensuring enhanced safety and peace of mind.
Executive Summary
Turnkey 12-unit multifamily investment with a strong 6.3% CAP rate in the heart of Miami! Fully renovated building with eight 2BD/1BA units and four large 2BD + den/1BA units. Upgrades include a new roof, impact windows, plumbing, electrical, A/C units, modern bathrooms and kitchens with new appliances, stylish flooring, fresh paint, and security system. The property offers 18 motor gated parking spaces, a new laundry facility, a mechanical room, and storage. It is located in the Health District near Jackson Memorial, Miami International Airport, and major highways. Ideal for a stable rental income. Call Andreina Zambrano (786.) 925-5170. Seller financing available.
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Property Facts
Amenities
Unit Amenities
- Air Conditioning
- Disposal
- Microwave
- Kitchen
- Granite Countertops
- Oven
- Stainless Steel Appliances
- Range
- Den
- Window Coverings
Site Amenities
- Fenced Lot
- Laundry Facilities
- Gated
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 8 | $3,129 CAD | 500 |
| 3+1 | 4 | $3,303 CAD | 600 |
Exceptionally walkable
100/100
Fairly drivable
50/100
Strong public transit
80/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 01-3135-005-2350 | Improvements Assessment | $986,388 CAD |
| Land Assessment | $1,481,502 CAD | Total Assessment | $2,467,890 CAD |
Property Taxes
Parcel Number
01-3135-005-2350
Land Assessment
$1,481,502 CAD
Improvements Assessment
$986,388 CAD
Total Assessment
$2,467,890 CAD
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1630 NW 18th St
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