Exceptional MultiFamily Property at 418 Northwest 9th Avenue

FOR SALE

$1,580,000

418 Northwest 9th Avenue, Miami, FL 33128

3,998 SF

Square Feet

$395

PPSF

Units

300.0K

PPU

5.88%

CAP

Property Description

Units

5 — PPU: 300.0K

NOI

$92,904

Cap Rate

5.88%

Exceptional opportunity to acquire a fully renovated 5-unit multifamily property in the heart of Little Havana. Featuring a desirable mix of spacious 3/1 and 2/1 units, the property has been thoughtfully updated with modern finishes and upgraded systems, minimizing maintenance and maximizing tenant appeal. Ideally located just minutes from Downtown and Brickell, this turn-key asset offers immediate cash flow with strong rental demand and long-term upside in one of Miami’s most dynamic rental markets

Property Details

Asset Type

MultiFamily

Year Built

1937

Zoning

3900 MULTI-FAMILY - 38-62 U/A

Lot Size

5,650 SF

Neighborhood

Little Havana

Submarket

Miami

ZIP

33128

Renovated

2025

Listing Type

sale

Purchase Price ($)

Down Payment (%)

Interest Rate (%)

Amortization

Loan Term

Gross Income ($)

Vacancy Rate (%)

Mgmt Fee ($)

Insurance ($)

Maintenance ($)

Utilities ($)

Property Taxes ($)

Reserves ($)

Net Operating Income (NOI)

$147,393

Debt Service Coverage Ratio (DSCR)

1.64x

Cap Rate

9.33%

Cash Flow (Annual)

$57,512

Cash-on-Cash Return

14.56%

Monthly Debt Service

$7,490

Annual Debt Service

$89,880

View on Map

Address

418 Northwest 9th Avenue

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Miami MultiFamily Market Snapshot

Boundary boundary · MultiFamily · Sale

No investors found in this market.

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Christian Giraldo

CEO and Founder of Luxespace group Properties / Real Estate Associate

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Christian Giraldo

CEO and Founder of Luxespace group Properties / Real Estate Associate

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