1786 9Th St, Miami, FL 33135
4 Unit Apartment Building | $2,370,000 ($592,500/Unit) | 6.06% Cap Rate | Miami, FL 33135
For Sale
Active
Asking Price $2,370,000
- Property Type
-
Multifamily
- Square Feet
- 5,900 SF
Listing Contacts
Clark Patterson
- Property Info
Property Overview
Price Reduced!! ONE Commercial Real Estate is pleased to present Casa Linda, four newly renovated 3bedroom 2bath luxury apartments located in the heart of Shenandoah, Miami and adjacent to Little Havana. Full gut renovation and 40/50-year Certification completed in 2023 this exceptional renovation exudes refinement within all interior and exterior finishes. No expense was spared in aiming to achieve the highest level of build, not limited to all new windows, doors, individual HVAC systems, plumbing, electric, structural & roofing components. Also, gut-renovation included all new joists, new framing, new subfloors, new tie-columns and tie-beams. Each apartment features new flooring, drywall, fully remodeled kitchens & baths, stainless steel appliances, smart home tech, and in-unit stackable washer and dryer. The backyard(s) and common areas have been resurfaced, providing a fresh and clean environment for residents to enjoy with private backyard patios for the first-floor units. Additionally, the building is being delivered with Tenants, providing new ownership immediate returns from annual leasing operations.
The Shenandoah & Little Havana neighborhoods have seen tremendous growth with their mix of cultural vibrance and favorable location within Miami. A rich tapestry of music, art, cuisine and entertainment has facilitated steady business and residential growth year after year for decades. Their accessibility to Downtown, Brickell, and major highways continue to support residential demand & tourism. For these reasons, Casa Linda positions itself to meet this growing demand for luxury product within the submarket by delivering a competitive product capable of outperforming comparable options within the segment.
The Shenandoah & Little Havana neighborhoods have seen tremendous growth with their mix of cultural vibrance and favorable location within Miami. A rich tapestry of music, art, cuisine and entertainment has facilitated steady business and residential growth year after year for decades. Their accessibility to Downtown, Brickell, and major highways continue to support residential demand & tourism. For these reasons, Casa Linda positions itself to meet this growing demand for luxury product within the submarket by delivering a competitive product capable of outperforming comparable options within the segment.
Property Details
- Class
- C
- Year Built/Renovated
- 1920/2023
- Stories
- 2
- Lot Size (sq. ft)
- 6,098 SF
- Units
- 4
Highlights
- Full Gut Renovation Completed in 2023
- 40/50 year Certification Obtained 2023
- Fully Stabilized with Low Landlord Expenses
- Four 3bed/2bath Units with First Floor Units Having Private Outdoor Space
- New Joists, new framing, new subfloors, new tie-columns and tie-beams
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