9-unit apartment building, all units are 2-bedrooms 1-bathroom, approximately 780 sq,ft each. Great location Little Havana neighborhood. Centrally located close proximity to great schools, entertainment, and employment. 40-year recertification that was completed on 4/29/2021. With an average effective rent of $1,944, an investor has the opportunity to increase rental rates by 28% to be competitive within the market as units turn. Stabilized asset boasting 100% occupancy, generates a stable income, with minimal deferred maintenance.
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Each winter during Carnaval Miami, salsa tunes blare and the smell of spicy chorizo fills the air on Calle Ocho, the commercial thoroughfare and heart of Miami's Little Havana. The roaring street festival, which culminates in the world's longest conga line, is the last of 10 events comprising the Latin-spiked Carnaval.
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