1021 NW 5TH STREET

1021 NW 5TH STREET

MIAMI, FL 33128

Status:
Under Contract
Price:
$1,700,000
Net Rentable (SF):
4,777
Units:
6
Lot Size:
7,500

OFFERING MEMORANDUM:

INVESTMENT OVERVIEW

As exclusive listing agent, the Porosoff Group at Compass Commercial is pleased to offer for sale 1021 NW 5th Street, a 6-unit apartment building located in the highly sought-after Little Havana neighborhood in the City of Miami.
Little Havana
1021 NW 5th Street is located in the Little Havana section of Miami, a short distance from Brickell, the most important financial and commercial district in South Florida. Home to a growing number of international banks and firms, Brickell serves as Latin America’s Financial District and has recently enjoyed a transformation with a booming restaurant, entertainment, and nightlife scene. The property is conveniently nestled blocks away from SW 8th Street (Calle Ocho), the cultural epicenter of the Miami Latin Community, and walking distance to Flagler Street, one of the most important commercial corridors in Miami-Dade County. The excellent location contributes to high demand for rental units in the area and translates into historically low vacancy rates.

INVESTMENT HIGHLIGHTS

  • Rare Opportunity to Acquire a Newer Construction 6-Unit Apartment Building in Little Havana, Miami
  • Built in 1972, featuring concrete block construction
  • Gut-renovated turnkey property
  • 40/50 Year Recertification completed in 2022
  • 7 parking spaces
  • Brand new roof and parking lot paving in 2024
  • Favorable unit, all two-bedroom/one-bathroom apartments
  • All units feature central A/Cs
  • On-site laundry facility
  • 4 of the 6 units feature private balconies

EXCLUSIVELY LISTED BY

JAVIER UBEDA

CRE Multifamily Advisor
Tel: (305) 766-1864
Javier@porosoff.com

ARTHUR D. POROSOFF

CRE Advisor Multifamily Hospitality Development
NMHC PAC Contributor
Tel: (305) 733-6066
art@porosoff.com
License: FL SL3160379

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