1036 SW 5th St Miami, FL 33130

Asking Price: $3.8M

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INVESTMENT HIGHLIGHTS

• Modern Influenced Fully Renovated Asset – Strong Cash Flow With Upside
• Interior Improvements Include New Flooring, Updated Kitchens and Bathrooms, & Electrical Appliances
• On-Site Street Parking Available

• Exterior Improvements Include Hurricane-Impact Windows, 2023 Roof, Plumbing, Electrical, And Subflooring
• All Units Provide Washer & Dryer Combos
• Close Proximity to Major Commercial Centers such as Downtown Miami, Brickell, and Coral Gables

EXECUTIVE SUMMARY

The Havana Oasis is a 14-unit, multifamily community located in Miami, FL, which is in Miami-Dade County. The subject property is a 2-story building built in 1925 using reinforced concrete block construction with painted stucco exterior.
The property is located at SW 5th St, a traffic artery traveling west-east through Miami-Dade County and adjacent to major traffic arteries such as Hwy 41 & Flagler St. The immediate neighborhood consists of primarily multi-family buildings of similar age and construction as the subject property.
The investment opportunity consists of a highly attractive unit mix of (10)one-bedroom one-bath and (4) studio apartments, totaling approximately 8,686 RSF. All units offer new Flooring, updated Kitchens and Bathrooms, along with new electrical appliances. The asset is in the heart of the “East Little Havana”, a highly desirable rental market located west of downtown Miami and Brickell City Centre, the $1.05 billion mixed use project consisting of national brand retailers, hospitality, and restaurants. Few blocks south is the world famous “Calle Ocho”, which serves as the hub of tourism, social, cultural and festive events. Just north of the property is Flagler St., and the Marlins Stadium, home of the Miami Marlins. Just six miles west on the Dolphin Expressway is the Miami International Airport.
The Havana Oasis offers an investor the opportunity to purchase an irreplaceable, fully-stabilized, turn-key property in one of the strongest rental markets in Miami-Dade County, where vacancies are virtually nonexistent. In addition, the property has undergone recent major renovations and capital improvements over the past 12 months. At list price this investment provides a new owner a 6.00% CAP rate on day one of acquisition and the opportunity to increase rents conservatively and achieve a 6.54% CAP with minimal effort within the first year of ownership. Alternatively the property can be converted to short term rentals and owners can expect a 10%+ CAP year one.

Only Cash Offer Considered-No Financing Contingency-
Only ZERO INSPECTION Offers Considered! -Do Due Diligence/ Inspections BEFORE Making Offers-