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Little Havana 6-Unit Multi Family1636 NW 2nd St, Miami, FL 33125
FOR SALE
DWNTWN REALTY ADVISORSA Commercial Brokerage Firm
Ernie Perez // [email protected] // (P) 786.837.7174
© DWNTWN Realty Advisors, LLC. This information has been secured by DWNTWN Realty Advisors, LLC. from sources believed to be reliable. It is not guaranteed, however, andshould be verified prior to consummating any transaction. No representations expressed or implied.
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PROPERTY DESCRIPTION
DWNTWN Realty Advisors has been retained on an exclusive basis to arrange the sale of1636 NW 2nd St, a 6 Unit Multi-Family Investment property in Little Havana. Built in 1970,the subject property is a two story 3,678 square foot building which sits on a 7,000 squarefoot lot. The property presents an investor with the opportunity to add value by raisingrents to market rate. Nearby schools include Calvary Baptist Church School, RiversideElementary Community School and Young Womens Preparatory Academy. The closestgrocery stores are Criollo Supermarket, Sedano's Supermarkets and Los LaurelesSupermarket.
PROPERTY HIGHLIGHTS
• Value Add
• Under-market Rents in place
• Steps away from Marlins Park Stadium
OFFERING SUMMARY
Sale Price: $825,000
NOI: $33,223
CAP Rate: 4.03%
Pro Forma NOI: $58,043
Pro Forma CAP Rate: 7.04%
Building Type: Multifamily
Number of Units: 6
Lot Size: 7,000 SF
Building Size: 3,678 SF
Location: Little Havana
Little Havana 6-Unit Multi Family1636 NW 2nd St, Miami, FL 33125
PROPERTY SUMMARYWeb. dwntwnrealtyadvisors.comLinkedIn. DWNTWNRealtyAdvisorsInstagram. DWNTWNRealtyAdvisors
DWNTWN REALTY ADVISORSA Commercial Brokerage Firm
Ernie Perez // [email protected] // (P) 786.837.7174
© DWNTWN Realty Advisors, LLC. This information has been secured by DWNTWN Realty Advisors, LLC. from sources believed to be reliable. It is not guaranteed, however, andshould be verified prior to consummating any transaction. No representations expressed or implied.
View Inventory
Page 3
Little Havana 6-Unit Multi Family1636 NW 2nd St, Miami, FL 33125
CURRENT FINANCIALSWeb. dwntwnrealtyadvisors.comLinkedIn. DWNTWNRealtyAdvisorsInstagram. DWNTWNRealtyAdvisors
DWNTWN REALTY ADVISORSA Commercial Brokerage Firm
Ernie Perez // [email protected] // (P) 786.837.7174
© DWNTWN Realty Advisors, LLC. This information has been secured by DWNTWN Realty Advisors, LLC. from sources believed to be reliable. It is not guaranteed, however, andshould be verified prior to consummating any transaction. No representations expressed or implied.
View Inventory
Page 4
Little Havana 6-Unit Multi Family1636 NW 2nd St, Miami, FL 33125
PRO FORMA FINANCIALSWeb. dwntwnrealtyadvisors.comLinkedIn. DWNTWNRealtyAdvisorsInstagram. DWNTWNRealtyAdvisors
DWNTWN REALTY ADVISORSA Commercial Brokerage Firm
Ernie Perez // [email protected] // (P) 786.837.7174
© DWNTWN Realty Advisors, LLC. This information has been secured by DWNTWN Realty Advisors, LLC. from sources believed to be reliable. It is not guaranteed, however, andshould be verified prior to consummating any transaction. No representations expressed or implied.
View Inventory
Page 5
Little Havana 6-Unit Multi Family1636 NW 2nd St, Miami, FL 33125
PROPERTY PHOTOSWeb. dwntwnrealtyadvisors.comLinkedIn. DWNTWNRealtyAdvisorsInstagram. DWNTWNRealtyAdvisors
DWNTWN REALTY ADVISORSA Commercial Brokerage Firm
Ernie Perez // [email protected] // (P) 786.837.7174
© DWNTWN Realty Advisors, LLC. This information has been secured by DWNTWN Realty Advisors, LLC. from sources believed to be reliable. It is not guaranteed, however, andshould be verified prior to consummating any transaction. No representations expressed or implied.
View Inventory
Page 6
Little Havana 6-Unit Multi Family1636 NW 2nd St, Miami, FL 33125
INTERIOR PHOTOSWeb. dwntwnrealtyadvisors.comLinkedIn. DWNTWNRealtyAdvisorsInstagram. DWNTWNRealtyAdvisors
DWNTWN REALTY ADVISORSA Commercial Brokerage Firm
Ernie Perez // [email protected] // (P) 786.837.7174
© DWNTWN Realty Advisors, LLC. This information has been secured by DWNTWN Realty Advisors, LLC. from sources believed to be reliable. It is not guaranteed, however, andshould be verified prior to consummating any transaction. No representations expressed or implied.
View Inventory
Page 7
Little Havana 6-Unit Multi Family1636 NW 2nd St, Miami, FL 33125
AERIAL PHOTOWeb. dwntwnrealtyadvisors.comLinkedIn. DWNTWNRealtyAdvisorsInstagram. DWNTWNRealtyAdvisors
DWNTWN REALTY ADVISORSA Commercial Brokerage Firm
Ernie Perez // [email protected] // (P) 786.837.7174
© DWNTWN Realty Advisors, LLC. This information has been secured by DWNTWN Realty Advisors, LLC. from sources believed to be reliable. It is not guaranteed, however, andshould be verified prior to consummating any transaction. No representations expressed or implied.
View Inventory
Page 8
Little Havana 6-Unit Multi Family1636 NW 2nd St, Miami, FL 33125
AERIAL LOCATIONWeb. dwntwnrealtyadvisors.comLinkedIn. DWNTWNRealtyAdvisorsInstagram. DWNTWNRealtyAdvisors
DWNTWN REALTY ADVISORSA Commercial Brokerage Firm
Ernie Perez // [email protected] // (P) 786.837.7174
© DWNTWN Realty Advisors, LLC. This information has been secured by DWNTWN Realty Advisors, LLC. from sources believed to be reliable. It is not guaranteed, however, andshould be verified prior to consummating any transaction. No representations expressed or implied.
View Inventory
Page 9
POPULATION 0.5 MILES 1 MILE 1.5 MILES
Total Population 18,868 61,027 112,909
Average age 40.6 40.3 40.7
Average age (Male) 37.3 37.9 38.6
Average age (Female) 44.3 42.9 42.6
HOUSEHOLDS & INCOME 0.5 MILES 1 MILE 1.5 MILES
Total households 7,044 23,464 43,202
# of persons per HH 2.7 2.6 2.6
Average HH income $26,572 $28,705 $32,349
Average house value $280,745 $297,782 $286,352
* Demographic data derived from 2010 US Census
Little Havana 6-Unit Multi Family1636 NW 2nd St, Miami, FL 33125
DEMOGRAPHICS MAP & REPORTWeb. dwntwnrealtyadvisors.comLinkedIn. DWNTWNRealtyAdvisorsInstagram. DWNTWNRealtyAdvisors
CONTACT
This information has been secured by DWNTWN Realty Advisors, LLC. from sources believed to be reliable. It is not guaranteed, however, and should be verified prior to consummating any transaction.No representations expressed or implied.
Ernie PerezExecutive
(C) 305.934.6454
(O) 786.837.7174