Havana House

Highlights:

• Lot Features: City Location, In Residential Area
• Building Features: City Licenses
• Gross Income: 145000
• Number Of Buildings: 1
• Documents Available: Books & Records, Copy Of Lease(S), Owner Managed
• Cooling: Wall/Window Unit(s)
• Heating: Wall/Window Units
• Electric: 200+ Amp Service
• Flooring: Tile, Wood
• Construction Materials: CBS Construction
• Security Features: Other Fire Protection, Motion Detector, Security Lights
• Insurance Expense: 5700
• Ownership: Corporation

Description:

Welcome to Havana House. This 8-unit building comprises large one-bedroom, one-bath units, all with assigned parking. Three of the units have been remodeled, and the remaining five are in good condition. The roof was replaced in 2024, and all windows are impact-resistant. Plumbing was upgraded in 2023, along with the laundry facility. The building was recently painted and is ready for sale. All tenants are on month-to-month leases. Its proximity to Brickell and Little Havana makes this an ideal location for short-term rentals. The property has completed its 40-year recertification. With market rent at $2,000 per unit, the yearly income can be $192,000, with a CAP rate of over 7%. Please call the listing agent and do not disturb the tenants.