635 SW 7th Ct.

10 Unit Apartment Building$2,995,000 ($299,500/Unit)5.29% Cap Rate Miami, FL 33130

PROPERTY DETAILS

 

An incredible opportunity to acquire a well-maintained 10-unit apartment building just 1.5 blocks north of Calle Ocho in the southeastern corner of Little Havana. The efficient unit mix features nine 2BR/1BA apartments and one 1BR/1BA apartment.
All units have balconies and have been updated with newer appliances and cabinetry, with four showcasing refinished terrazzo flooring. Recent improvements include a roof that is less than 10 years old, a fully updated electrical room (2025), re-sealed and re-stripped parking lot (2025) and a successful re-certification in 2019.
The property consistently operates near 100% occupancy with minimal lease-up time. Current tenancy is a mix of month-to-month and annual leases, all expiring Dec 2025–Jan 2026 or subject to a 60-day kick-out, providing both stability and flexibility. 12,500 SF lot with 12 parking spaces.

Price $2,995,000
Price Per Unit $299,500
Sale Type Investment
Cap Rate 5.29%
No. Units 10
Property Type Multifamily
Property Subtype Apartment
Apartment Style Low-Rise
Building Class C
Lot Size 0.29 AC
Building Size 8,446 SF
No. Stories 2
Year Built 1969
Parking Ratio 1.42/1,000 SF
Zoning T5-L
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