Listing Summary
Presenting an exceptional value-add investment opportunity: a townhome-style triplex for sale in Little Havana, Miami listed at $1,900,000 ($633,333/unit). Located at 642 SW 10th Ave, this prime multifamily asset features three expansive residences, each configured with 4 bedrooms, 2.5 bathrooms, and a private small patio. Renovation efforts per seller information were completed in 2015, and flexible seller financing is available for discussion, allowing buyers to negotiate rates, terms, and repayment schedules directly with the owner. Positioned under T5-L zoning (Miami 21) near Calle Ocho, Brickell, and Downtown Miami, this property offers strong current cash flow with a pro forma gross income potential of $11,500/month ($138,000/year).
Full Description
Situated in the high-demand rental submarket of East Little Havana, this freestanding townhome-style triplex delivers versatility for real estate investors and house-hacking owner-occupants alike. Located at 642 SW 10th Ave, Miami, FL 33130, the property offers rapid connectivity to the Calle Ocho cultural corridor, Brickell Financial District, Health District, and Downtown Miami.
Completely remodeled in 2015 per seller records, the building features three large, multi-level residential units (totaling approx. 3,679 RSF across the structure). Each unit is designed with a functional 4-bedroom, 2.5-bathroom floor plan complemented by individual private patios.
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Unit 1: Approx. 1,600 RSF (Currently leased at $3,500/month; Pro Forma: $4,000/month)
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Unit 2: Approx. 1,230 RSF (Currently leased at $3,750/month; Pro Forma: $3,750/month)
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Unit 3: Approx. 1,230 RSF (Currently vacant / ready for immediate owner-occupancy or market-rate leasing; Pro Forma: $3,750/month)
Currently generating $7,250/month in scheduled rents, full lease-up achieves a projected gross annual rental income of $138,000 ($11,500/month). Benefiting from urban T5-L zoning under the Miami 21 code, the property offers flexible long-term operational uses. Customized seller financing terms may be negotiated directly with the seller upon request.
Quick Glance
- Listing ID:
CL-Florida-28750
- Status:
Active
- Year Build:
N/A
- Building Size:
3,679 SqFt
- Lot Size:
4,869.00 SqFt
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Additional Contacts
Land Specialist
Robin Perez
(305) 431-2258