403 SW 12th Ave
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403 SW 12th Ave
4 Unit Block of Flats £1,379,961 (£344,990/Unit) 6.22% Net Initial Yield Miami, FL 33130
Investment Highlights
- Central location near downtown Miami, Brickell Financial District and Famed Calle Ocho- Great walkability
- New Certificate of Occupancy 2024
- Laundry inside all units
- T5O Commercial Zoning Work-Live and Transient -Legal short term rentals
- New Central AC in all units
- Impact Windows and Doors
Executive Summary
New. Impeccably restored building in the heart of Miami’s Little Havana neighborhood. T5O Work-Live & Transient Zoning. Operate a Legal short term rental. The building has four units, 2 beds + Den- 1 bath each, new Certificate of Occupancy, four (4) electrical meters, a Total of 8 bedrooms + 4 Dens, 4 Bathrooms, One main water meter, new electric and panels 600 Amps, new plumbing, new central Air conditioners on all units, impact windows and doors, new drywall throughout the building and insulation, new custom kitchens with quartz counters, new bathrooms, new paint throughout. The property also has a privacy fence and a professionally landscaped yard.
The property is located near Downton Miami and Brickell Financial District walking distance to Calle Ocho, restaurants & entertainment, places of worship, Walgreens, CVS, Publix, schools, parks and world class shopping with easy access to transportation.
Unique opportunity to acquire a fully renovated multifamily in the heart of Little Havana.
The property is located near Downton Miami and Brickell Financial District walking distance to Calle Ocho, restaurants & entertainment, places of worship, Walgreens, CVS, Publix, schools, parks and world class shopping with easy access to transportation.
Unique opportunity to acquire a fully renovated multifamily in the heart of Little Havana.
Financial Summary (Actual - 2024) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2024) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Site Amenities
- 24 Hour Access
- Fenced Lot
- Security System
- Public Transportation
Unit Mix Information
| Description | No. Units | Avg. Rent.Mo | SF |
|---|---|---|---|
| 8+4 | 4 | £2,201 | 882 |
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Walk Score ®
Walker's Paradise (93)
PROPERTY TAXES
| Parcel Number | 01-4102-005-4100 | Total Assessment | £461,072 |
| Land Assessment | £0 | Annual Taxes | -£1 (£0.00/sf) |
| Improvements Assessment | £0 | Tax Year | 2024 |
PROPERTY TAXES
Parcel Number
01-4102-005-4100
Land Assessment
£0
Improvements Assessment
£0
Total Assessment
£461,072
Annual Taxes
-£1 (£0.00/sf)
Tax Year
2024
zoning
| Zoning Code | T5-O (Miami 21. T5-O Commercial Zoning. Primary Use. Multifamily 2-9 units.) |
| T5-O (Miami 21. T5-O Commercial Zoning. Primary Use. Multifamily 2-9 units.) |
-
Claudia Del Toro -
Cervera Real Estate
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403 SW 12th Ave
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