New Listing220 SW 18th Avenue is a turnkey, fully occupied 21-unit multifamily investment opportunity located in the heart of Little Havana, one of Miami's most established rental markets. Originally built in the 1960s, the property offers investors the advantage of a newer vintage multifamily building compared with much of Little Havana's older 1920s and 1930s housing stock. The 9,918 SF building features a uniform unit mix of 21 one-bedroom/one-bathroom apartments, providing a simple and efficient configuration with consistent renter demand. The property is 100% occupied, generating $36,649 in monthly rent. The building also successfully completed its 40/50-Year Recertification in 2020. The property has been renovated and upgraded with impact windows, reducing near-term capital needs. Located just off West Flagler Street and minutes from Calle Ocho, loanDepot park, Downtown Miami and Brickell. Asking Price: $5,145,000 ($245,000 / Unit). Current Cap Rate: 7.03%.
| MLS # | A12099815 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1960 |
| Days On Site | 6 |
| Listing Provided By | APEX Capital Realty LLC | Miguel Angel Pinto |
| SQ Feet | 9,918 |
|---|---|
| Zoning | 4600 |
| Acreage | 0.22 |
| State | FL |
|---|---|
| County | Miami Dade |
| City | Miami |
| Zip Code | 33135 |
| Area | 2410 |
| Listing VS Median (in 33135) | |
Price: $5,145,000 low | high Med: $10,000 sqft: 9,918 low | high Med: 22,500 $ / sqft: $519 low | high Med: $0 On site: 6 low | high Med: 28 | |
| State | FL |
|---|---|
| County | Miami Dade |
| City | Miami |
| Zip Code | 33135 |
| Area | 2410 |
| Listing VS Median (in 33135) | |
Price: $5,145,000 low | high Med: $10,000 sqft: 9,918 low | high Med: 22,500 $ / sqft: $519 low | high Med: $0 On site: 6 low | high Med: 28 | |
![]() | $3,950,000111 Sw 18th AveMiami, FL 33135 |
![]() | $3,950,000111 Sw 18th AvenueMiami, FL 33135 |