Current cap rate: 7%. Exceptional 27-unit multifamily property in the heart of Little Havana. Strong and stable income with significant upside potential through rent adjustments or renovations. All units are currently under contract, with most leases recently renewed through May 2027, providing immediate income stability. Units rent quickly with minimal annual turnover, and the majority of tenants are long-term residents. Property features include central A/C, a new elevator, swimming pool, laundry facilities with new machines, impact windows and doors, and ample parking. Prime location just minutes from Brickell, Downtown Miami, and Coral Gables.
25,899 Sq Ft
investment
$5,866 Monthly Tax
Built in 1974
MLS/Listing ID A12014138
KAYS EST
4 Stories
27 Units
High Impact Windows
Impact Glass
Verticals
Public Sewer
Construction - CBS
Cooling - Central Air
Balcony
Open Balcony
Fenced
Elevator
Stairs
Lot - Corner Lot
Patio
Pool - Inground
Built-Up
TOTAL MONTHLY COST
$0
$0
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