The Cynthia Condos

01-14-2022
01-14-2022

979 SW 10th St, Miami, FL 33130

  • Pro forma Cap 5.51%
  • Value Add
  • Uniform Units
  • Little Havana opportunity zone
  • Below Market Rents
  • 8 parking spaces

Property Description

The Cynthia Condo. A Little Havana 8-Unit Multifamily, single, free-standing building on a 7,500 SqFt lot. Zoning T3-O. Value-add opportunity, 2 story, 8 parking spaces & onsite laundry. Uniform and renovated one-bedroom apartments with updated interiors.
While rented below-market rates, this stylized asset has huge upside with rental growth, value-add in a neighborhood that continues to be revitalized close to Downtown Miami and Brickell.
Updates include: Kitchens, Appliances, Windows (2011- 2013). Most A/C Units are updated - Window A/Cs and PTAC Wall A/C Units. The two front units include balconies and extra light.
Great rentals for commuters with close proximity to Downtown Miami, Brickell, Coconut Grove, Coral Gables, Wynwood, and Miami Beach.

Key Property Information

Listing Status
Available
Listing Type
Highest & best offer
Multifamily type
Garden Style
Price
$ 1,700,000
No. of Units
8
Cap Rate
4.57%
Year Built
1961
Building Size
4,171 Sq ft
No. of Stories
2
Opportunity Zone
Off
Price per unit
$ 212,500
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25.764262, -80.210584

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