Interior
- Bathrooms
- 0
Active · HotelMotel
$4,300,000
1028 SW 9th Ave, Miami, FL 33130
- Beds
- —
- Baths
- 0
- Living area
- — sq ft
- $ / sq ft
- —
- Year built
- 1925
- Lot size
- 7,250 sq ft
- HOA fee
- —
- Annual tax
- —
About this property
Exceptional business investment opportunity in East Little Havana abutting the Roads neighborhood and in walking distance to Brickell is this potential cash-cow that has been historically licensed with an active motel/inn license and operated once as a rooming house. Now it is vacant, having been completely gutted and restored by current owner this iconic building can once again be a money-generating business. With permits now all closed, CU/CO renewed, 40/10 yr recertified, this 25 room, 9 bathrooms in a classic SRO (single room occupancy hotel) configuration, where baths are shared with other units.
Property location
Get Directions1028 SW 9th Ave, Miami, FL 33130
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Facts & features
Exterior & Structure
- Property type
- HotelMotel
- Year built
- 1925
- Lot size
- 7,250 sq ft
Parking
Not provided in the MLS listing.
HOA, Community & Financials
- County
- Miami-Dade
- MLS listing ID
- A11855466
- Listing status
- Active
Investment intelligence
Yield & ROI calculator
Pre-filled from this listing's price, HOA and tax record. Adjust anything to see returns update instantly.
Estimated monthly cash flow
-$8,416
- Cap rate
- 3.3%
- Net yield
- 3.3%
- Cash-on-cash return
- -8.4%
- Gross yield
- 6.6%
- Mortgage payment
- $20,384/mo
- Down payment
- $1,075,000
- Loan amount
- $3,225,000
- Annual NOI
- $143,620
Estimates only — includes 5% maintenance reserve and ~3% closing costs in cash invested. Verify taxes, HOA and insurance before making an offer.