A lucrative and rare investment opportunity in the heart of Miami’s Little Havana neighborhood!
This multi-family property at 666 SW 1st St is a 3-story building with 18 units, offering an incredible income-generating asset. Built in 1933, this property is strategically located in a “Rider’s Paradise” with a Transit Score of 90, making it highly desirable for renters who commute to Downtown Miami, Brickell, and other key areas. Priced at $3,240,000, this building is a standout in a transitioning market where multi-family properties are still in high demand. Public records indicate the property was last sold for $2.5 million in 2024, and its tax assessment for 2024 was over $1.5 million, suggesting the current asking price reflects its strong market value and income potential, particularly as similar multi-family homes in the area have also sold for multi-million dollar figures. With a diverse mix of units and a prime location, this property is ideal for a seasoned investor looking for a high-yield asset in one of Miami’s most iconic and vibrant communities.
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