Apartments

Casa Arcos

120 SW 20th Ave

Miami

, FL

 

1395000

6

# of Units

4.64%

Cap Rate

$605.47

Price Per Sq. Ft.

$232,500

Price per Unit

Casa Arcos

Investment Overview

Casa Arcos is an exceptionally located multifamily property situated in Little Havana’s central corridor between Flagler Street and Calle Ocho. This six-unit building features a diverse unit mix of junior one-bedroom, one-bedroom, and two-bedroom units. With a history of stable operations and significant upside potential with below market rents, this meticulously maintained property is being offered for sale for the first time in 14 years.

Positioned one block South of Flagler Street, the property offers immediate access to public transit, retail, dining, and vibrant nightlife. Within a two-block radius, residents can reach Publix, several supermarkets, pharmacies, medical centers, and restaurants, providing convenient access to daily amenities and major employment centers. The property is also located within half a mile of both Miami Senior High School and Citrus Grove K-8 School.

With strong location fundamentals, a balanced unit mix, and a sizable 5,940 square foot lot with T6-8-O zoning,120 SW 20th Avenue offers significant upside potential through rent growth and operational enhancements. This asset is an attractive value-add opportunity for investors seeking to capitalize on Miami’s thriving multifamily market.

Investment HIGHLIGHTS

  • Diverse mix of two-bed, one-bed, and junior one-bed units
  • Prime Little Havana location between Flagler Street & Calle Ocho, and East of 22nd Avenue
  • Steps from Publix, restaurants, pharmacies, medical centers and schools
  • Ideal T6-8-O zoning for future redevelopment
  • Below market rents with strong upside potential
  • 40/10-year recertification completed in February 2022

Listed By

Lead Agent

Sofee M. Desai

Associate Investments

sofee.desai@marcusmillichap.com
Phone: (954) 245-3407
License: LICENSE: FL SL3621907

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