Casa Sol Apartments

1142 Southwest 4th Street,

Miami, FL 33130

Price:
$4,850,000
Total Units:
20
Number of Buildings:
1
Number of Stories:
3
Years Built:
1935/2024
Zoning
T4-R
Living Area:
12,832 Square Feet (*MDPA)
Lot Size:
7,500 Square Feet (*MDPA)
Type of Ownership:
Fee Simple
Utilities – Water:
City of Miami – Paid by Owner
Utilities – Electric:
FPL – Paid by Tenant
HVAC:
Wall Air Conditioning Units

INVESTMENT OVERVIEW

The Thomas Team of Marcus & Millichap is pleased to present Casa Sol Apartments, a 20-unit multifamily property located in Miami, Florida.

SUBJECT PROPERTY

Casa Sol Apartments is a three-story, 20-unit apartment building with 12,848 square feet of living area, a 7,500-square-foot lot originally constructed in 1935, according to the Miami-Dade Property Appraiser.  The property was extensively renovated by current ownership and received its new certificate of occupancy in 2024.  The unit mix consists of (17) one-bedroom/one-bathroom apartments and (3) two-bedroom/one-bathroom apartments.  Units feature vinyl wood-plank flooring, stainless steel appliances, quartz countertops with undermount sinks, custom cabinetry, wall air-conditioning units, new bathrooms and impact windows.  The building has interior corridor hallways and a laundry room for residents and guests.

LOCATION

Casa Sol Apartments is located at 1142 SW 4th Street, Miami, FL 33130, just south of West Flagler Street in Miami’s urban core, offering residents exceptional proximity to major employment centers, shopping destinations, and recreational amenities. The property is walkable to CVS Pharmacy, Sedano’s, Truist Bank, and numerous neighborhood retailers, while being a short drive from Downtown Miami, Brickell, Coconut Grove, Coral Gables, and Miami International Airport.

Surrounding area retailers and points of interest include Sedano’s Supermarket (0.4 miles), Truist Bank (0.4 miles), CVS (0.4 miles), Loan Depot Park (0.8 miles), Planet Fitness (0.8 miles), Publix at Miami River (1.4 miles), Jackson Memorial Hospital (1.7 miles), River Landing Shops & Residences (1.9 miles), Brickell City Centre (2.0 miles), Magic City Casino (3.4 miles) and Miami International Airport (5.3 miles) are easily accessible.

Nearby educational facilities include Riverside Elementary School (0.2 miles), Miami Senior High School (1.5 miles), Citrus Grove K-8 Center (1.5 miles) and Citrus Grove Elementary School (1.7 miles).

SUMMARY

Casa Sol Apartments is offered for sale at $4,850,000, or $242,500 per unit.

INVESTMENT HIGHLIGHTS

  • Fully Renovated 20-Unit Apartment Building in Little Havana (2024 Certificate of Occupancy)
  • 6% Cap Rate with Low Operating and Maintenance Expenses following Detailed Renovations
  • Mix of Luxurious (17) One-Bedroom | One-Bathrooms and (3) Two-Bedroom | One-Bathrooms
  • Vinyl Flooring, New Kitchens & Bathrooms, Stainless Steel Appliances and Impact Windows
  • Common Area Amenities Include On-Site Laundry and Interior Corridor Hallways
  • Walking Distance to Sedano’s, Truist, CVS, Loan Depot Park (Marlins) and Planet Fitness
  • Proximate Interstate 95, Interstate 195, Dolphin Expressway (836) and West Flagler Street

EXCLUSIVELY LISTED BY

JOSEPH THOMAS

Senior Managing Director Investments
Senior Director, National Multi Housing Group
Fort Lauderdale Office
Tel: (954) 245-3492
License: SL FL 3174354
joseph.thomas@marcusmillichap.com

ADAM MARCUVITZ

Associate Director
Miami Office
Tel: (786) 522-7194
FL SL 3462213
adam.marcuvitz@marcusmillichap.com
Miami Dade County