425 SW 10 AV, Miami, FL 33130
Little Havana is a magnet for multifamily investment. For residents, the area offers cheaper rents than nearby downtown Miami and Brickell. This three-story, 58-unit building fits the mold of micro-unit living with it’s nostalgic architectural elements and great density. At 170 units/acre, it far exceeds allowed zoning regulations and is grandfathered in. It has 15 years remaining on a HAP contract with a REAC score of 82. This makes it a highly stabilized income producer. Poised in a great location near the Riverside Park, Brickell, Downtown and all the employment centers it is an excellent choice. With immediate access to I-95, and walking distance to Calle Ocho. Its prime proximity to everything is a tremendous amenity.