12 Beds
6 Baths
4,608 SqFt
12 Beds
6 Baths
4,608 SqFt
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
Square Footage 4,608 sqft
Price per Sqft $364
Subdivision Horners Addn
MLS Listing ID A12004679
Style Detached,Other,Two Story
Bedrooms 12
Full Baths 6
HOA Y/N No
Year Built 1925
Annual Tax Amount $24,355
Tax Year 2025
Lot Size 5,800 Sqft
Property Sub-Type Single Family Residence
Property Description
Exceptional investment opportunity in the heart of Little Havana! This premium income-producing asset consists of two detached buildings featuring a uniform mix of six fully renovated 2-bedroom, 1-bathroom units. Operating with an efficient 31.83% expense ratio, the property generates a strong Net Operating Income (NOI) of $115,144.50, delivering an attractive 6.85% cap rate at the $1,680,000 asking price.
Ownership has invested over $200,000 in recent capital improvements, minimizing future capital expenditures and providing true turnkey ownership. Major upgrades include complete interior renovations (2022), new permitted roofs (2024), new exterior stucco and paint (2024), roof-mounted mini-split HVAC systems (2024), plumbing improvements, and fully upgraded electrical systems with new main service entries and meter boxes (2025/2026).
For added buyer confidence, the City of Miami 40- and 50-year structural recertifications have been fully completed and approved, offering significant peace of mind.
Ideally located just minutes from Brickell, Downtown Miami, and the Health District, this asset benefits from one of Miami's strongest and most resilient rental markets. Whether you're completing a 1031 exchange, expanding a private portfolio, or seeking a stabilized, cash-flowing investment, this property offers immediate, optimized income from day one with minimal deferred maintenance.
Location
State FL
County Miami-dade
Community Horners Addn
Area 30
Interior
Interior Features Second Floor Entry, First Floor Entry, Other
Heating Central
Cooling Central Air
Flooring Vinyl
Exterior
Exterior Feature Balcony, None
Pool None
View Y/N No
View None
Roof Type Composition
Porch Balcony, Open
Garage No
Private Pool No
Building
Lot Description < 1/4 Acre
Faces Southwest
Story 2
Sewer Public Sewer
Water Public
Architectural Style Detached, Other, Two Story
Level or Stories Two
Structure Type Frame,Stucco
Others
Senior Community No
Restrictions No Restrictions
Tax ID 01-41-38-006-0180
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition Listed As-Is
Virtual Tour https://www.propertypanorama.com/instaview/mia/A12004679
Nearby Locations
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