Miami, FL 33130 329 SW 9th Ave
$1,445,000



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Presented By: This listing is courtesy of Pellego, LLC
Home Details
Alerio Group is proud to exclusively present 329 SW 9th ST Street, a boutique 4-unit multifamily property located in the heart of Little Havana.
This meticulously maintained asset features four 2-bedroom, 1-bath units, currently rented at $2,250 x 2 and 2x @ $2275, delivering high in-place income at a 5.5% CAP rate with upside potential. The property has undergone extensive upgrades both inside and out. All of the unit interiors have been fully remodeled and include impact windows, a new roof, central air conditioning in all units, six on-site parking spaces, new asphalt paving, a new fence including dumpster enclosure, and new railings. All work was done with permits. Additional income is generated through on-site coin-operated laundry (1 new washer / 1 dryer).
Designed for ease of ownership, this low-maintenance building is simple to manage and offers the ability to further increase rents. All tenants are secured with annual leases except one MTM lease.
Located in one of the strongest rental markets in the country, this Little Havana multifamily asset offers durable cash flow, inflation resistance, and long-term appreciation potential. This offering will not last.
Presented By: This listing is courtesy of Pellego, LLC
Interior Features for 329 SW 9th Ave
Bedrooms
Total Bedrooms2
Bathrooms
Half Baths0
Total Baths
Other Interior Features
Air Conditioning Y/NYes
FlooringLaminate, Vinyl
Heating Y/NYes
Window FeaturesImpact Glass
General for 329 SW 9th Ave
Architectural StyleFourplex
CityMiami
Community FeaturesLaundry Facilities
Construction MaterialsBlock
ContingencyPending Inspections
CoolingCentral Air, Electric
CountyMiami-Dade
DirectionsPlease use GPS navigation
Full Baths1
HeatingCentral, Electric
Legal Description38 54 41 BRICKELL RIVERVIEW PB 5-43 N50FT LOTS 11 - 12 BLK 28 LOT SIZE 5000 SQUARE FEET OR 16319-0596 0393 4
LevelsTwo
Listing TermsCash, Conventional, FHA
Lot Size UnitsSquare Feet
MLS Area41
MLS Area MinorOther Geographic Area (Out Of Area Only)
Net Operating Income820244
Number Of Units Total1
Occupancy TypeTenant
Operating Expense26857
Pool FeaturesNone
PossessionClose Of Escrow
PostalCityMiami
Property Sub Type AdditionalQuadruplex
Property SubtypeQuadruplex
Property TypeResidential Income
Rent IncludesGardener, Hot Water, Pest Control, Sewer, Trash Collection, Water
RoofShingle
SewerPublic Sewer
Standard StatusActive Under Contract
StatusActive Under Contract
Stories Count2
Subdivision NameBRICKELL RIVERVIEW
Tax Annual Amount13795
Tax Year2025
Total Actual Rent107700
UtilitiesCable Available
Virtual TourClick here
Year Built1975
Year Built DetailsEffective Year Built
Zoning Description3900
Exterior for 329 SW 9th Ave
Building Area Total3380
Covered Spaces
Exterior AmenitiesBalcony, Fence, Security/High Impact Doors
Lot Features< 1/4 Acre
Total Parking6
Water SourcePublic
Waterfront Y/NNo
Additional Details
Price History
Schools
High School
Hubert H Humphrey Middle School
Middle School
N/A
Elementary School
Big Hollow Elementary School
Sonia Feo
Realtor®
SQFT • 3,380