SOLD FOR $3,700,000

SOLD – Stabilized 20-Unit Multifamily Asset in Little Havana

We are pleased to announce the successful sale of a high-performing 20-unit multifamily property located in the heart of Little Havana—one of Miami’s most culturally vibrant and high-demand rental submarkets.

The asset was generating $339,480 in gross annual rent with a strong Net Operating Income (NOI) of $227,776 at the time of sale. The property featured a compelling unit mix:

• (1) 1-Bedroom / 2-Bath

• (14) 1-Bedroom / 1-Bath

• (4) 2-Bedroom / 1-Bath

• (1) 2-Bedroom / 2-Bath

With 100% historical occupancy, newer roofs, upgraded PVC plumbing, and completed 40-Year Recertifications, this investment offered both immediate cash flow and long-term upside. Notably, in-place rents were below Section 8 levels, creating a significant value-add opportunity through future rent adjustments.

The property was priced at $195,000 per unit, a rare figure for stabilized income-producing assets in Little Havana. The buyer also assumed a Freddie Mac loan with a 3.83% interest rate, approximately $1,735,000 balance, and a 2030 maturity—a valuable financing component in today’s market.

This sale further underscores the continued investor demand for well-located, cash-flowing multifamily properties in core Miami submarkets.