1274 W FLAGLER STREET

1274 W FLAGLER STREET

MIAMI, FL 33135

30 APARTMENT UNITS + 7 RETAIL UNITS
Status:
Available
Price:
$6,250,000
Price/Unit:
$168,919
Net Rentable (SF):
17,530 SF
Units:
30+7 Retail
Lot Size:
8,835 SF

OFFERING MEMORANDUM:

INVESTMENT OVERVIEW

The Porosoff Group at Compass Commercial, as exclusive listing agent, is pleased to offer for sale 1274 W Flagler Street, a 30-unit apartment building with 7 commercial units located in the highly sought-after Little Havana neighborhood in the City of Miami.
Little Havana
1274 W Flagler Street is located in the Little Havana section of Miami, a short distance to 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 Renovated 30-Unit Apartment + 7-Unit Retail Building In Little Havana, Miami
  • 100% Occupied With Significant Upside In Rental Income
  • Renovated Turnkey Property
  • 40/50 Year Recertification In Place
  • Located on the Intersection of the Premier Little Havana Commercial Corridors of W Flagler Street and 12th Avenue
  • Favorable Unit Mix of 27 Studios, 3 One-Bedrooms, 7 Commercial Retail Units

EXCLUSIVELY LISTED BY

JAVIER UBEDA

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

ALESSANDRO LIMA

CRE VP Retail/Development
Tel: (305) 281-4469
alima@porosoff.com
License: FL SL3404498

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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