For Sale

1028 SW 9th Ave

Miami, FL 33130

$4,300,000

Highlights

  • 4,742 SF building on a 7,250 SF lot
  • 25 units
  • Built in 1925
  • Asking $907/SF

Property facts

Price
$4,300,000
Price per SF
$907/SF
Property type
Multi-family
Building size
4,742 SF
Lot size
7,250 SF
Year built
1925
Units
25

About this property

Exceptional business investment opportunity in East Little Havana abutting the Roads neighborhood and in walking distance to Brickell is this potential cash-cow that has been historically licensed with an active motel/inn license and operated once as a rooming house. Now it is vacant, having been completely gutted and restored by current owner this iconic building can once again be a money-generating business. With permits now all closed, CU/CO renewed, 40/10 yr recertified, this 25 room, 9 bathrooms in a classic SRO (single room occupancy hotel) configuration, where baths are shared with other units. It offers nine suites with private kitchen and bathroom, and 16 rooms with 4 shared baths providing the perfect retreat after exploring the vibrant streets of this historic neighborhood. Within five minutes of Brickell and Downtown, 3 blocks from Calle Ocho. Miami’s nationally recognized Little Havana neighborhood is known for its culturally-rich and colorful lifestyle. Great investment opportunity for those looking to take advantage of the overwhelming surge of growth and development in the area. For operators looking for starting their own platform or expanding into the area, contact us now.

From the listing broker.

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