Log In/Sign Up
Your email has been sent.
945 SW 4th St 6 Unit Apartment Building $2,284,425 CAD ($380,738 CAD/Unit) 5.36% Cap Rate Miami, FL 33130
INVESTMENT HIGHLIGHTS
- Fully leased, stabilized, cash-flowing six-unit multifamily property
- Passed 40- and 50-year recertifications; excellent structural condition
- Located in Little Havana, near Downtown and Brickell
- Recent upgrades: new roof and impact-resistant window
- Priced advantageously at $275,000 per unit
EXECUTIVE SUMMARY
Marcus & Millichap is pleased to present for sale 945 SW 4th Street, a fully leased, recently renovated six-unit multifamily property located in the heart of Little Havana, one of Miami’s most culturally dynamic and historically resilient rental markets. The asset offers investors a rare opportunity to acquire a stabilized, cash-flowing property with immediate yield and additional upside through market-rate rent growth.
Built in 1973 and fully renovated in 2024, the two-story concrete block building comprises six 2-bedroom/1-bath units totaling 3,712 rentable square feet on a 7,500 square-foot lot. Recent upgrades include a new roof, impact-resistant windows, refreshed unit interiors, and modernized common areas, allowing for minimal near-term capital expenditure. The property has passed both its 40- and 50-year recertifications, underscoring its excellent structural condition. On-site amenities include laundry facilities and seven dedicated parking spaces. Current occupancy is 100 percent.
Nestled between Downtown Miami and Brickell, Little Havana continues to attract strong renter demand from working professionals seeking proximity to Miami’s employment centers and transit corridors at a discount to Brickell and Coral Gables pricing. The submarket benefits from limited new supply and stable Class B/C occupancy exceeding 95 percent. According to Marcus & Millichap’s 2025 Market Report, Miami-Dade’s metro vacancy fell to 4.3 percent, while effective rents rose 3.1 percent year-over-year, reflecting sustained migration and employment growth in knowledge and service sectors.
Built in 1973 and fully renovated in 2024, the two-story concrete block building comprises six 2-bedroom/1-bath units totaling 3,712 rentable square feet on a 7,500 square-foot lot. Recent upgrades include a new roof, impact-resistant windows, refreshed unit interiors, and modernized common areas, allowing for minimal near-term capital expenditure. The property has passed both its 40- and 50-year recertifications, underscoring its excellent structural condition. On-site amenities include laundry facilities and seven dedicated parking spaces. Current occupancy is 100 percent.
Nestled between Downtown Miami and Brickell, Little Havana continues to attract strong renter demand from working professionals seeking proximity to Miami’s employment centers and transit corridors at a discount to Brickell and Coral Gables pricing. The submarket benefits from limited new supply and stable Class B/C occupancy exceeding 95 percent. According to Marcus & Millichap’s 2025 Market Report, Miami-Dade’s metro vacancy fell to 4.3 percent, while effective rents rose 3.1 percent year-over-year, reflecting sustained migration and employment growth in knowledge and service sectors.
PROPERTY FACTS
| Price | $2,284,425 CAD | Building Class | C |
| Price Per Unit | $380,738 CAD | Lot Size | 0.17 AC |
| Sale Type | Investment | Building Size | 3,712 SF |
| Cap Rate | 5.36% | Average Occupancy | 100% |
| No. Units | 6 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1973/2024 |
| Property Subtype | Apartment | Parking Ratio | 1.88/1,000 SF |
| Apartment Style | Low-Rise | ||
| Zoning | R-4, Miami | ||
| Price | $2,284,425 CAD |
| Price Per Unit | $380,738 CAD |
| Sale Type | Investment |
| Cap Rate | 5.36% |
| No. Units | 6 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.17 AC |
| Building Size | 3,712 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built/Renovated | 1973/2024 |
| Parking Ratio | 1.88/1,000 SF |
| Zoning | R-4, Miami |
AMENITIES
UNIT AMENITIES
- Air Conditioning
- Kitchen
- Refrigerator
- Oven
- Range
- Tub/Shower
SITE AMENITIES
- 24 Hour Access
- Tenant Controlled HVAC
- Smoke Free
- Walk-Up
- Smoke Detector
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| 2+1 | 6 | - | 619 |
1 1
Walk Score®
Walker's Paradise (90)
Bike Score®
Very Bikeable (70)
PROPERTY TAXES
| Parcel Number | 01-4138-003-1530 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $1,344,131 CAD |
PROPERTY TAXES
Parcel Number
01-4138-003-1530
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$1,344,131 CAD
1 of 12
VIDEOS
MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
1 of 1
Presented by
945 SW 4th St
Already a member? Log In
Hmm, there seems to have been an error sending your message. Please try again.
Thanks! Your message was sent.