Log In/Sign Up
Your email has been sent.
421 SW 9th Ave
Miami, FL 33130
Multifamily Property For Sale
·
4 Units
Investment Highlights
- Located near Downtown Miami, Coconut Grove, and Miami River Landing, attracting consistent rental demand
- Fully occupied fourplex plus an efficiency, creating five income-producing units in total
- Walking distance to Little Havana’s cultural and entertainment district
- New roof and impact windows
Executive Summary
This offering presents a compelling investment opportunity in one of Miami’s most dynamic residential and mixed-use corridors. The property consists of a fully leased fourplex with each unit configured as a one-bedroom, one-bath apartment generating strong rental income, complemented by an additional efficiency unit for added cash flow.
Recent capital improvements are underway, including a new roof and impact windows, which will enhance long-term structural resilience and reduce ongoing maintenance requirements. All units are occupied, ensuring immediate income stability for the next owner. The location is highly desirable, with proximity to Downtown Miami, Coconut Grove, and Miami River Landing, and within walking distance to the vibrant Little Havana neighborhood.
Seller financing with 40% down adds flexibility for qualified buyers seeking a stable, income-producing asset in a sought-after market. This investment blends strong in-place cash flow with ongoing neighborhood revitalization and long-term appreciation potential.
Recent capital improvements are underway, including a new roof and impact windows, which will enhance long-term structural resilience and reduce ongoing maintenance requirements. All units are occupied, ensuring immediate income stability for the next owner. The location is highly desirable, with proximity to Downtown Miami, Coconut Grove, and Miami River Landing, and within walking distance to the vibrant Little Havana neighborhood.
Seller financing with 40% down adds flexibility for qualified buyers seeking a stable, income-producing asset in a sought-after market. This investment blends strong in-place cash flow with ongoing neighborhood revitalization and long-term appreciation potential.
Property Facts
| Price Per Unit | $488,519 CAD | Building Class | C |
| Sale Type | Investment | Lot Size | 0.13 AC |
| Cap Rate | 7.50% | Building Size | 2,486 SF |
| Sale Condition | 1031 Exchange | Average Occupancy | 100% |
| No. Units | 4 | No. Stories | 1 |
| Property Type | Multifamily | Year Built/Renovated | 1956/2014 |
| Property Subtype | Apartment | Parking Ratio | 2.01/1,000 SF |
| Apartment Style | Garden | ||
| Zoning | 3900 - Property Use: 08 / MULTIFAMILY 2-9 UNITS Land Use: MULTIFAMILY 2-9 UNITS : MULTIFAMILY 3 OR MORE UNITS (0803) Zoning: 3900/MULTI-FAMILY - 38-62 U/A | ||
| Price Per Unit | $488,519 CAD |
| Sale Type | Investment |
| Cap Rate | 7.50% |
| Sale Condition | 1031 Exchange |
| No. Units | 4 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Garden |
| Building Class | C |
| Lot Size | 0.13 AC |
| Building Size | 2,486 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built/Renovated | 1956/2014 |
| Parking Ratio | 2.01/1,000 SF |
| Zoning | 3900 - Property Use: 08 / MULTIFAMILY 2-9 UNITS Land Use: MULTIFAMILY 2-9 UNITS : MULTIFAMILY 3 OR MORE UNITS (0803) Zoning: 3900/MULTI-FAMILY - 38-62 U/A |
Amenities
Unit Amenities
- Air Conditioning
- Tile Floors
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 4 | $2,512 CAD | 622 |
Property Taxes
| Parcel Number | 01-4138-005-0010 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $556,870 CAD |
Property Taxes
Parcel Number
01-4138-005-0010
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$556,870 CAD
1 of 3
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
