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2052 SW 1st St

43 Unit Apartment Building $22,502,399 CAD ($523,312 CAD/Unit) 4.70% Cap Rate Miami, FL 33135

Investment Highlights

  • One block from Publix supermarket
  • Parking on site
  • Access and connectivity to Brickell, Downtown, Health District, 836 Hwy to Miami Beach
  • Turnkey Investment

Executive Summary

Fausto Commercial presents this 2023 construction 43 unit apartment building in West Little Havana. Featuring 29 generously sized 2 bedroom units, and 14-one bedroom units, parking on site and supplemented by an adjacent lot being included as well with the sale, washer/dryer units on each floor, and sub-metered individual water meters. The adjacent lot will provide 11 spaces for parking in the future. This is a turn key investment for those who are averse to doing massive capital projects. At $275/SF per the asking price, you can’t rebuild this impeccable building today or in the future. The location is itself an amazing urban amenity being just one block from the Publix supermarket. With accessibility and connectivity to Brickell, Downtown, the Health District, 836 HWY to Miami Beach and with this comes fine dining, chic shops, sidewalk cafes and picturesque parks, all are a brisk walk or drive away for residents who will be immersed in the vibrant culture of the area. Little Havana has been home to tycoons, adventurers, artists, writers, and investors have taken notice that this is the heart of the city. Investing in this area presents an extraordinary opportunity to capitalize on the remarkable surge of growth and development sweeping through the region. Reach out to us now to explore this remarkable property further and unlock the potential it holds for you.

Property Facts

Price $22,502,399 CAD
Price Per Unit $523,312 CAD
Sale Type Investment
Cap Rate 4.70%
No. Units 43
Property Type Multifamily
Property Subtype Apartment
Apartment Style Mid Rise
Building Class B
Lot Size 0.27 AC
Building Size 58,195 SF
Average Occupancy 100%
No. Stories 6
Year Built 2023
Parking Ratio 0.19/1,000 SF

Unit Amenities

  • Air Conditioning
  • Washer/Dryer

Unit Mix Information

Description No. Units Avg. Rent/Mo SF
2+1 29 - -
1+1 14 - -
Walk Score ®
Very Walkable (88)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
01-4103-014-2930
Land Assessment
$1,488,675 CAD
Improvements Assessment
$9,782,764 CAD
Total Assessment
$11,271,440 CAD

zoning

Zoning Code T6-8-0 (Multifamily & Commercial)
T6-8-0 (Multifamily & Commercial)
  • Listing ID: 33869661

  • Date on Market: 2024-11-14

  • Last Updated:

  • Address: 2052 SW 1st St, Miami, FL 33135

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