Commercial property in Miami, Florida № 2359991

Property description

Metro 1 is pleased to present 1332 SW 2nd Street, a fully occupied six- unit apartment building in Miami’s Little Havana neighborhood. Offered at $1,250,000, the property comprises approximately 4,528 square feet on a 7,500-square-foot lot. The unit mix includes four two-bedroom/ two-bathroom apartments and two one-bedroom/one-bathroom apartments. The current rent roll generates a 5.4% cap rate. The property offers a defined, renovation-driven value-add opportunity. Located a few blocks north of Calle Ocho, the property is near Little Havana’s primary cultural and entertainment district, including Domino Park, Tower Theater and Ball & Chain.