Apartments

2001 SW 6th Street

2001 SW 6th Street

Miami

, FL

 

2400000

12

# of Units

4.51%

Cap Rate

$298.95

Price Per Sq. Ft.

$200,000

Price per Unit

2001 SW 6th Street

Investment Overview

2001 SW 6th Street offers an investor the opportunity to acquire the property and immediately add value by increasing the rental income to market levels. The current rent is about $225 below market rents for similar buildings. The building is a 12-unit, two-story residential building with all one-bedroom & one-bathroom units with about 669 SF. The property has off-street parking on the east side of the property and the electric has been updated throughout the property. The building has impact windows and the units have mini split air conditioning systems. The building has a T4-R zoning and is situated on a .22 acre lot. The tenants are responsible for electric and the owner pays for water, sewer and trash removal.

2001 SW 6th Street is located on SW 6th Street between SW 17th Avenue and SW 22nd Avenue and several blocks from Domino Park. The property’s neighborhood is located between Flagler Street and SW 8th Street, two main retail and commercial corridors. The area is very densely populated and is a very strong rental market. Little Havana extremely high occupancy can be contributed to its excellent location right in the middle
of South Florida’s major employment centers including the Health District to the north, Downtown Miami, Brickell and Port Miami to the east, Coconut Grove to the South and Coral Gables and Miami International Airport to the West.

Investment HIGHLIGHTS

  • Well located Little Havana Submarket
  • Very strong rental market
  • On-site parking
  • Updated Electric
  • Impact windows
  • Minisplit air-conditioning
  • Upside in rental income

Listed By

Lead Agent

Felipe J. Echarte

Senior Managing Director Investments

felipe.echarte@marcusmillichap.com
Phone: (954) 245-3444
License: FL: SL696115

Evan P. Kristol

Executive Managing Director Investments

evan.kristol@marcusmillichap.com
Phone: (954) 245-3459
License: FL: SL640466

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Contact Us

The Kristol Group

5900 North Andrews Avenue
Suite 100
Fort Lauderdale, FL 33309
954-245-3400
info@kristolgroup.com