1785 SW 13th St

Fausto is please to present 1785 SW 13th St. This multifamily plus vacant land offers a unique combination of steady income and development potential in one of Miami’s most dynamic neighborhoods. This 12-unit multifamily building features spacious one-bedroom, one-bath units, generating a gross annual rent of $273,000 and a net operating income (NOI) of $202,551 for a cap rate of 5.4%. The property boasts a total of 12,626 sq ft, making it a solid addition to any investor’s portfolio.

Included in the $3,750,000 price is a 6,726 sq ft empty lot, valued at $650,000, with potential to build a single-family home or duplex. Situated in a high-demand rental market with strong occupancy rates, this property offers both immediate income and long-term value growth. Don’t miss this rare opportunity in the heart of Little Havana.