6 unit multifamily building...6 unit multifamily building 640 sw 5st street. miami, fl 33130...
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6 Unit Multifamily Building640 SW 5st Street. Miami, FL 33130
Presented by Javier A Gomez
C. 786-273-6643 – Of.786-646-1740
175 SW 7th St. Suite 2201, Miami, FL 33130
Table of Content640 SW 5TH street, Miami, FL 33130
Property Information
Financial Information
Property Pictures
Property Location
Areas of New Development
Property Location640 SW 5TH street, Miami, FL 33130
Habitat Realty is pleased to present 640 SW 5th Street, in the heart of Little Havana/entrance to Brickell. This
opportunity allows for an investor to acquire six units on the corner of SW 5th Street. The property consists of
three, two bedroom/one bathroom apartments, each at approximately 750 sqft in size and three studios each
approximately 450 sf in size.
Located in Miami, FL: The property offers immediate access to Interstate 95, Interstate 395, as well as the
Downtown and Brickell areas. Attractions within minutes of the property include Marlins Park, American Airlines
Arena, Jose Marti Park, Adrienne Arsht Center for the Performing Arts of Miami-Dade County, Perez Art Museum,
Bayfront Park, and more.
Excellent investment opportunity to buy 6 units well maintained and rented , large room for rent increase , 5 of the
units are fully renovated and 5 of the units have laundry facility inside each unit.
Financial information640 SW 5TH street, Miami, FL 33130
640 SW 5TH STREET MIAMI FL 33130
UNIT RENT PARKING
1 2B/2B $1,280 1
2 STUDIO $800 0
3 STUDIO $800 1
4 STUDIO $900 1
5 2B/1B $1350 1
6 2B/1B $1,350 1
TOTAL $6,480
INCOME
ANNUAL RENTS $77,760
TOTAL INCOME $77,760
EXPENCES
LANDCAPING $1,200
WATER AND GARBAGE $1,300
FPL $2,400
PEST CONTROL $540
INSURANCE LIABILITY $5737
PROPERTIE TAX $10,656
LICENSE $175
REPAIRS $500
TOTAL EXPENCES $22,508
NOI $55,252
ASKING PRICE $750,000
CAP 7.3%
Financial Information
Proforma640 SW 5TH street, Miami, FL 33130
640 SW 5TH STREET MIAMI FL 33130
UNIT RENT PARKING
1 2B/2B $1,450 1
2 STUDIO $850 0
3 STUDIO $900 1
4 STUDIO $900 1
5 2B/1B $1,400 1
6 2B/1B $1,400 1
TOTAL $6,900
INCOME
TOTAL INCOME $82,800
EXPENCES
LANDCAPING $1,200
WATER AND GARBAGE $1,300
FPL $2,400
PEST CONTROL $540
INSURANCE LIABILITY $5,737
PROPERTIE TAX $10,656
LICENSE $175
REPAIRS $500
TOTAL EXPENCES $22,508
NOI $60,292
ASKING PRICE $750,000
CAP 8%
Property Information640 SW 5TH street, Miami, FL 33130
Building Address 640 SW 5st Street,
Miami, FL 33130
No. Units 6 Units
Tax Folio 01-0203-040-1010 Unit Numbers 1, 2, 3, 4, 5, 6
Apartment Size 2,3,4 450 Sq. Ft. per Unit
1,5,6 750 Sq.Ft. per Unit
Parking Spaces 5 parking spaces
No. Stories 2 Lot Size 6,780Sq. Ft.
Building Size 3,250 Sq. Ft. Year Built Four-plex 1957
Single family 1926
Cap Rate 7.3 % Asking Price $750,000
Property Pictures640 SW 5TH street, Miami, FL 33130
Property Location640 SW 5TH street, Miami, FL 33130
Property Location 640 SW 5TH street, Miami, FL 33130
Area New Developments640 SW 5TH street, Miami, FL 33130
BRICKELL CITI CENTRE ENTAILS THE DEVELOPMENT OF MORE THAN 700 HIGH END RESIDENTIAL CONDOMINIUMS, THE
EAST HOTEL FROM MANDARIN ORIENTAL, MORE THAN 500,000 SQUARE FEET OF HIGH END RETAIL, A MEDICAL COMPLEX
AND A OFFICE BUILDING.
THE MIAMI WORLD CENTER WILL FEATURE 765,000 SQUARE FEET OF BESTIN-CLASS RETAIL, DESTINATION DINING,
AND ENTICING ENTERTAINMENT.
Area New Developments640 SW 5TH street, Miami, FL 33130
Area New Developments640 SW 5TH street, Miami, FL 33130
MIAMI RIVER WALK IS A PROJECT FROM CHETRIT GROUP WOULD INCLUDE FOUR 60-STORY TOWERS WITH
OFFICE AND RETAIL SPACE AND MORE THAN 1,600 RESIDENCES. THE FIVE-PHASE PROJECT WOULD SPAN FROM THE
SECOND AVENUE BRIDGE TO THE NORTHWEST CORNER OF JOSE MARTI PARK.