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220 18th Ave, Miami, FL 33135
Offering:
For Sale
Location:
Miami, FL 33135
Status:
Active
$5,145,000
Deemed reliable but not guaranteed.
Details
Year built:
1960
Lot size:
9,750 sq ft
Type:
Multi-family
MLS ID
A12099815
Virtual tour:
Listed by:
APEX Capital Realty LLC (AXCR01)
Listing office phone:
305-570-2600
Listing office email:
Listing agent:
Miguel Pinto (3313310)
Description
220 SW 18th Avenue is a turnkey, fully occupied 21-unit multifamily investment opportunity located in the heart of Little Havana, one of Miami's most established rental markets. Originally built in the 1960s, the property offers investors the advantage of a newer vintage multifamily building compared with much of Little Havana's older 1920s and 1930s housing stock. The 9,918 SF building features a uniform unit mix of 21 one-bedroom/one-bathroom apartments, providing a simple and efficient configuration with consistent renter demand. The property is 100% occupied, generating $36,649 in monthly rent. The building also successfully completed its 40/50-Year Recertification in 2020. The property has been renovated and upgraded with impact windows, reducing near-term capital needs. Located just off West Flagler Street and minutes from Calle Ocho, loanDepot park, Downtown Miami and Brickell. Asking Price: $5,145,000 ($245,000 / Unit). Current Cap Rate: 7.03%.
Location
220 SW 18th AveMiami, FL 33135
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MLS information
Last updated Oct 3, 2026
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