Burwell Apartments offers an investor the opportunity to acquire a property and immediately add value by increasing the rental income to market levels and renovate a vacant duplex and lot. The current rents are about $250 below market rents for similar buildings. The buildings combined total 26 residential units, all one-bedroom & one-bathroom units with an average of 630 SF. 953 SW 4th Street has 24 units in a 3-story building and 959 has two units in a two-story building. There is plenty of room on the 959 SW 4th Street lot to build an additional building or turn the lot into a parking lot. The 953 building has mini split air-conditioning, impact windows and has new stucco. The property has updated electric, laundry room and select units have balconies. The property has a T4-R zoning and is situated on a .35 acre lot. The tenants are responsible for electric and the owner pays for water, sewer and trash removal.

The Burwell Apartments are located on SW 4th Street between SW 8th and 12th Avenues. The neighborhood is located south of Flagler Street and north of SW 8th Street and consist of mostly low and medium density apartment buildings and single family homes. 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.