Log In/Sign Up
Your email has been sent.
2190 SW 14th Ter 6 Unit Apartment Building $2,261,391 CAD ($376,899 CAD/Unit) 5.01% Cap Rate Miami, FL 33145
Investment Highlights
- Fully renovated with new roof, electrical, impact windows and doors, HVAC, and uniform full interior updates
- 6 onsite parking spaces
- 6 units: 2 studios and 4 one-bed/one-bath apartments
- Owned onsite coin-less laundry machines
Executive Summary
Introducing 2190 SW 14th Terrace, a fully renovated, 100% leased 6-unit multifamily asset in the heart of Shenandoah, one of central Miami's most established rental corridors. A comprehensive 2020 renovation addressed major building components, leaving a turnkey asset with effectively no near-term capex exposure. Scope included a new roof, hurricane-rated impact windows and doors, individual mini-split HVAC in five units (central AC in the sixth), a full interior gut with new tile flooring, fully updated kitchens and bathrooms, new electrical, perimeter fencing, owned coinless laundry, and tankless water heaters. The unit mix consists of 2 studios (approx. 450 SF) and 4 one-bed/one-bath apartments (approx. 600 SF), each with an assigned on-site parking space.
The property delivers stabilized in-place income of $132,000 annually, with all leases running through mid-2027. This provides income visibility and a long runway of operational stability for a new owner, with a clear organic path to $138,000 stabilized gross as four modestly under-market units roll to market on renewal. Centrally positioned minutes from Brickell, the Health District, Coral Gables, Coconut Grove, and Calle Ocho, the property sits at a higher elevation than Miami's coastal submarkets, a growing consideration for lenders and insurers as flood-risk underwriting tightens.
The property delivers stabilized in-place income of $132,000 annually, with all leases running through mid-2027. This provides income visibility and a long runway of operational stability for a new owner, with a clear organic path to $138,000 stabilized gross as four modestly under-market units roll to market on renewal. Centrally positioned minutes from Brickell, the Health District, Coral Gables, Coconut Grove, and Calle Ocho, the property sits at a higher elevation than Miami's coastal submarkets, a growing consideration for lenders and insurers as flood-risk underwriting tightens.
Property Facts
| Price | $2,261,391 CAD | Building Class | C |
| Price Per Unit | $376,899 CAD | Lot Size | 0.11 AC |
| Sale Type | Investment | Building Size | 2,514 SF |
| Cap Rate | 5.01% | Average Occupancy | 100% |
| No. Units | 6 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1957/2020 |
| Property Subtype | Apartment | Parking Ratio | 1/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | R-3, Miami | ||
| Price | $2,261,391 CAD |
| Price Per Unit | $376,899 CAD |
| Sale Type | Investment |
| Cap Rate | 5.01% |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.11 AC |
| Building Size | 2,514 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1957/2020 |
| Parking Ratio | 1/1,000 SF |
| Zoning | R-3, Miami |
Amenities
Unit Amenities
- Air Conditioning
- Microwave
- Tile Floors
- Refrigerator
- Oven
- Stainless Steel Appliances
- Range
- Tub/Shower
- Window Coverings
- Quartz Countertops
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 6 | - | - |
1 1
Exceptionally walkable
90/100
Fairly drivable
50/100
Some public transit
50/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 01-4110-059-0311 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $1,054,058 CAD |
Property Taxes
Parcel Number
01-4110-059-0311
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$1,054,058 CAD
1 of 54
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
1 of 1
Presented by
2190 SW 14th Ter
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.