little havana multi-family portfolio...2248 sw 5th street 2248 sw 5th street (4 units) 2135 sw 6th...

Carlos Villanueva Vice President And Regional Sales Manager | P: 305.772.3897 | [email protected]

FOR MORE INFORMATION, PLEASE CONTACT:2423 Le June Rd

Coral Gables, FL 33134P: 305.443.7423

www.keyescommercial.com

PROPERTY OVERVIEWThe Keyes Company proudly presents this multifamily portfolio for sale in the heart of Little Havana.

Little Havana is noted as a center of social, cultural, and political activity in Miami. Its festivals, including theCalle Ocho Festival, Viernes Culturales/Cultural Fridays, the Three Kings Parade and others, have beentelevised to millions of people every year on different continents. It is also known for its landmarks, includingCalle Ocho (SW 8th Street/Tamiami Trail), and its Walk of Fame (for famous artists and Latin personalities,including Celia Cruz, Willy Chirino, and Gloria Estefan), the Cuban Memorial Boulevard, Plaza de laCubanidad, Domino Park, the Tower Theater, Jose Marti Park, the Firestone/Walgreens Building, St. JohnBosco Catholic Church, Municipio de Santiago de Cuba and others. (1)

This vibrant neighborhood is evolving and demand for properties in the area is very strong. Increased trafficcongestion, demand for affordable workforce housing, access to quality public transportation and proximityto robust employment centers make Little Havana very attractive. Affordable rental rates in this sub-marketkeep vacancy rates among the lowest in South Florida.

This portfolio is made up of five buildings with a total of fifty seven (57) units.

NOTE: Tax roll reflects fifty five (55) units. Duplex located at 2248 SW 5th Street is operating as a fourplex.)

Reference:1. http://metroatlantic.org/2012/10/27/walk-calle-ocho-little-havana-miami/

PROPERTY HIGHLIGHTS

• 57 cash flowing units

• 5 folios

• 2127 SW 5th Street (9 units)





• All tenancies are at will

• No vacancies

• Rents are 15% to 20% below market

• Existing density higher than Miami 21

PROPERTY SUMMARY

Sale Price: Subject To Offer

Number Of Units: 57

Cap Rate: 4.39%

NOI: $348,814

Lot Size: 59,654 SF

Building Size: 42,392 SF

Zoning: Miami 21 T-4 R & T-3 R

Market: Miami

Sub Market: Little Havana

Cross Streets: SW 22nd Avenue and SW 5th/

6th Streets

Little Havana Multi-Family PortfolioMiami, Florida 33135



Coral Gables, FL 33134P: 305.443.7423


2248 SW 5th Street 2248 SW 5th Street (4 units)

2135 SW 6th Street (20 units)

2127 SW 5th Street (9 units) 2128 SW 5th Street (12 units) 2136 SW 5th Street (12 units)

2248 SW 5th Street (4 units)




Coral Gables, FL 33134P: 305.443.7423





Coral Gables, FL 33134P: 305.443.7423


* Demographic data derived from 2010 US Census

1 Mile 2 Miles 3 Miles

Total Population 23,964 92,328 205,846

Population Density 7,628 7,347 7,280

Median Age 33.9 33.4 34.9

Median Age (Male) 32.7 32.4 33.2

Median Age (Female) 34.6 34.4 36.5

Total Households 7,325 30,852 74,882

# of Persons Per HH 3.3 3.0 2.7

Average HH Income $39,362 $41,336 $39,384

Average House Value $362,653 $311,427 $379,218


little havana multi-family portfolio...2248 sw 5th street 2248 sw 5th street (4 units) 2135 sw 6th...

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