946 SW 4th St Presented By:946 Property Holdings Llc

946 SW 4th St, Miami, FL 33130

Investment Opportunity in a rapidly gentrifying neighborhood only 1 mile from Brickell and DowntownMiami. Property values in East Little Havana have increased substantially in recent years and are likelyto accelerate.

THE 40 YEAR RECERTIFICATION WAS GRANTED ON JANUARY 14, 2020 after over $1,000,000 worthof renovations were performed on the building to the structural, foundational, electrical, and cosmeticaspects, including but not limited to: a brand-new subfloor, building envelope, staircase, electricalwiring, smoke detectors, fire system, roof, unit upgrades, and upgrades to the hallways and the staircases. 40 Year Engineer report available with written offer.

PROPERTY TAX LISTED is the NEW TAX that a buyer would pay, NOT the current owner's tax.

This sale price is based on a pro-forma rent roll which, as of 01/15/2020, is only $60,000 greater thanthe current rent roll. By 9/01/2020 the last below market lease extension will expire. With no rent controlin Miami, prices can be raised at the owner's discretion.

Newly renovated. Laundry income of approximately $5,000 per year. Extremely low vacancy rate.

Price: $5,000,000

View the full listing here: https://www.loopnet.com/Listing/946-SW-4th-St-Miami-FL/18189565/

Price: $5,000,000

No. Units: 24

Property Type: Multifamily

Property Sub-type: Apartments

Apartment Style: Low Rise

Building Class: C

Sale Type: Investment

Cap Rate: 5.27%

Lot Size: 7,500 SF

Building Size: 17,160 SF

Gross Rent Multiplier: 12.2

No. Beds: 24

No. Stories: 3

Year Built: 1926

Zoning Description: R-3, Miami

Property Details

946 SW 4th St946 SW 4th St, Miami, FL 33130

Unit/Room Mix Information

Description No. Units Avg. Rent/Mo Sq. Ft0+1 1 $1,000 N/A

1+1 2 $1,200 N/A

2+1 21 $1,400 N/A

Major Tenant Information

Tenant SF Occupied Lease Expired

946 SW 4th St946 SW 4th St, Miami, FL 33130

Location

946 SW 4th St946 SW 4th St, Miami, FL 33130

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Property Photos

946 SW 4th St946 SW 4th St, Miami, FL 33130

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946 SW 4th St946 SW 4th St, Miami, FL 33130

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946 SW 4th St946 SW 4th St, Miami, FL 33130

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946 SW 4th St946 SW 4th St, Miami, FL 33130

Plat Map

Property Photos

946 SW 4th St946 SW 4th St, Miami, FL 33130

Christopher Craigchris.c.craig@gmail.com(917) 455-2353

946 Property Holdings Llc

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946 SW 4th St946 SW 4th St, Miami, FL 33130