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The Woodward 440 SW 5th Ave 18 Unit Apartment Building $5,374,581 CAD ($298,588 CAD/Unit) 6.55% Cap Rate Miami, FL 33130
Investment Highlights
- NEWLY PAINTED AND STRUCTUALLY SOUND , CLOSE TO BRICKELL AND DOWNTOWN MIAMI ALSO MIDWAY BETWEEN MIAMI INTERNATIONAL AIRPORT AN SOUTH BEACH
Executive Summary
OLD SPANISH STYLE BUILDING, MINUTES FROM DOWNTOWN MIAMI WITH WALKING DISTANCE FROM BRICKELL. ROOF WAS REDONE IN 2006 BUILDING WAS TOTALLY RENOVATED 2010 . SEVERAL OF THE AC UNITS AND APPLIANCES HAVE BEEN REPLACED SINCE THEN EXTERIOR OF BUILDING WAS PAINTED MARCH 30, 2025 . FIFTY YEAR RECERTIFICATION COMPLETED IN JULY 2025. ALL THE TRUSTEES IN THE BUILDING HAS BEEN REINFORCED RESULTING IN A STRUCTUALLY SOUND AND STABLE BUILDING.
PLEASE DO NOT DISTURB THE TENANTS.
PLEASE DO NOT DISTURB THE TENANTS.
Data Room Click Here to Access
- Offering Memorandum
Financial Summary (Actual - 2026) Click Here to Access |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
$99,999
|
$9.99
|
| Vacancy Loss |
$99,999
|
$9.99
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2026) Click Here to Access
| Gross Rental Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
| Price | $5,374,581 CAD | Property Subtype | Apartment |
| Price Per Unit | $298,588 CAD | Apartment Style | Low-Rise |
| Sale Type | Investment | Building Class | C |
| Cap Rate | 6.55% | Lot Size | 0.11 AC |
| Sale Condition | Redevelopment Project | Building Size | 15,500 SF |
| Gross Rent Multiplier | 11.5 | Average Occupancy | 100% |
| No. Units | 18 | No. Stories | 3 |
| Property Type | Multifamily | Year Built/Renovated | 1925/2010 |
| Zoning | R-3 | ||
| Price | $5,374,581 CAD |
| Price Per Unit | $298,588 CAD |
| Sale Type | Investment |
| Cap Rate | 6.55% |
| Sale Condition | Redevelopment Project |
| Gross Rent Multiplier | 11.5 |
| No. Units | 18 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.11 AC |
| Building Size | 15,500 SF |
| Average Occupancy | 100% |
| No. Stories | 3 |
| Year Built/Renovated | 1925/2010 |
| Zoning | R-3 |
Amenities
Unit Amenities
- Air Conditioning
- Microwave
- Kitchen
- Granite Countertops
- Oven
- Wheelchair Accessible (Rooms)
Site Amenities
- 24 Hour Access
- Controlled Access
- Laundry Facilities
- Trash Pickup - Curbside
- Walk-Up
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 10 | - | 750 |
| 2+1 | 8 | - | 850 |
Exceptionally walkable
100/100
Fairly drivable
50/100
Strong public transit
80/100
Fairly bikeable
50/100
Property Taxes
| Parcel Number | 01-0203-000-1220 | Total Assessment | $4,074,744 CAD (2025) |
| Land Assessment | $0 CAD (2025) | Annual Taxes | -$1 CAD ($0.00 CAD/SF) |
| Improvements Assessment | $0 CAD (2025) | Tax Year | 2026 |
Property Taxes
Parcel Number
01-0203-000-1220
Land Assessment
$0 CAD (2025)
Improvements Assessment
$0 CAD (2025)
Total Assessment
$4,074,744 CAD (2025)
Annual Taxes
-$1 CAD ($0.00 CAD/SF)
Tax Year
2026
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The Woodward | 440 SW 5th Ave
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