220 SW 18th Avenue, Miami, FL 33135

$5,145,000 · $519 per sq ft · Multifamily for sale

  • Property type: Multi Family
  • Asking price: $5,145,000
  • Price per sq ft: $519
  • Building size: 9,918 sq ft
  • Lot size: 9,583 sq ft
  • Zoning: 4600
  • Year built: 1960
  • Parcel ID: 0141030141190
  • MLS#: A12099815
220 SW 18th Avenue, Miami, FL 33135 at 220 SW 18th Avenue, Miami220 SW 18th Avenue, Miami, FL 33135 at 220 SW 18th Avenue, Miami220 SW 18th Avenue, Miami, FL 33135 at 220 SW 18th Avenue, Miami220 SW 18th Avenue, Miami, FL 33135 at 220 SW 18th Avenue, Miami220 SW 18th Avenue, Miami, FL 33135 at 220 SW 18th Avenue, Miami220 SW 18th Avenue, Miami, FL 33135 at 220 SW 18th Avenue, Miami220 SW 18th Avenue, Miami, FL 33135 at 220 SW 18th Avenue, Miami220 SW 18th Avenue, Miami, FL 33135 at 220 SW 18th Avenue, Miami

About this property

220 SW 18th Avenue is a turnkey, fully occupied 21-unit multifamily investment opportunity located in the heart of Little Havana, one of Miami's most established rental markets. Originally built in the 1960s, the property offers investors the advantage of a newer vintage multifamily building compared with much of Little Havana's older 1920s and 1930s housing stock. The 9,918 SF building features a uniform unit mix of 21 one-bedroom/one-bathroom apartments, providing a simple and efficient configuration with consistent renter demand. The property is 100% occupied, generating $36,649 in monthly rent. The building also successfully completed its 40/50-Year Recertification in 2020. The property has been renovated and upgraded with impact windows, reducing near-term capital needs. Located just off West Flagler Street and minutes from Calle Ocho, loanDepot park, Downtown Miami and Brickell. Asking Price: $5,145,000 ($245,000 / Unit). Current Cap Rate: 7.03%.

Presented by

BreakThru Realty · (786) 914-1017

Courtesy of

APEX Capital Realty LLC · info@apexcapitalrealty.com · Listing agent: Miguel Angel Pinto

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Request a tour or more information

Call or text BreakThru Realty at (786) 914-1017 or email sales@breakthrurealty.com to tour 220 SW 18th Avenue or to ask for what the listing leaves out: the rent roll, the leases and the operating statements.

Questions About 220 SW 18th Avenue

How much is 220 SW 18th Avenue?
220 SW 18th Avenue is listed at $5,145,000, about $519 per square foot of building. Ask for the rent roll, the existing leases and the operating statements: for an income property those, more than the asking price, show what the building is worth.
What is 220 SW 18th Avenue zoned?
The listing reports zoning of 4600. Permitted uses, parking and signage are set by the city or county zoning code, so confirm your intended use with the local zoning office before you close.
How big is 220 SW 18th Avenue?
The listing reports 9,918 square feet of building.
When was 220 SW 18th Avenue built?
220 SW 18th Avenue was built in 1960. For an older commercial building, ask about the roof, the HVAC and electrical systems, fire and life-safety compliance and whether a county building safety recertification is due.
How do I tour 220 SW 18th Avenue?
Request a tour from this page or call BreakThru Realty. A licensed agent will arrange access with the listing broker and ask for what the listing leaves out, such as the rent roll, the leases and the operating statements.

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