Invest in Miami's thriving real estate market with this exceptional opportunity to own a building of 6 apartments in the sought-after Little Havana neighborhood that is zoned and perfectly suited for Airbnb short-term rentals. Each unit features tile floors, impact windows, new mini split ACs, and a new roof - updated kitchens and bathrooms. Individual meters. With a prime location in Little Havana, tenants have easy access to local shops, restaurants, cultural attractions, and major highways. New construction is underway throughout the neighborhood. Don't miss out on this rare chance to own a piece of Little Havana's rich history and vibrant culture. 40-Year Recertification Completed in 2022. Building/tenants are approved by Section 8.
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$10.5K
Per Month
Principal & Interest
$10.4K
Home PriceThe dollar amount you pay for the home.
$
Interest RateMortgage interest rates fluctuate, but they're typically in the 5% to 9% range. Your rate will be calculated based on personal details including your credit score.
%
Down PaymentThe initial money paid at closing that is usually a percentage of the purchase price. Most loans require at least 3% down, but a 0% down payment may be possible if you're eligible for a VA or USDA loan.
$%
Loan TermThis is how long you'll pay on the loan. A longer term gives you smaller payments, while a shorter term saves you money on interest.
Property Taxes
$0
Property Taxes -Annual CostEvery homeowner pays taxes to their local government based on their home's value and the property tax rates for the county or city. Most areas charge property taxes semiannually.
$/ Year
Mortgage Insurance
$0
Mortgage Insurance -Monthly PremiumMortgage insurance helps secure a mortgage with a lower down payment. It typically costs 0.1% - 2% of your loan amount per year.
$/ Month
Homeowners Insurance
$67
Homeowners Insurance -Monthly PremiumMost homeowners pay about $1,000 a year for homeowners insurance, but the cost varies based on your location, home and coverage.
$/ Month
Homeowners Association (HOA)
$0
Homeowners Association -Monthly FeesHomeowners Association (HOA) fees can range from $30 per month to $500+ per month. Be sure to ask your agent about HOA fees on a home as it can impact your affordability or check the online home listing.
$/ Month
Utilities
$0
Utilities - Monthly CostYou'll need to budget for utilities as a homeowner, which typically includes water and sewer, gas and electric, internet and cable. Cost will depend on your location and the size of your home. On a monthly basis, Americans pay $239 - $442 per month.
$/ Month
Recommended Financing
30-Year Fixed
Rate/APR
7.5% / 6.68%
Total Monthly Payment
$6,362
Powered By
Advertisement
NMLS#3030
Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
Elementary School
3
/10
Riverside Elementary School
1190 SW 2nd St
Distance between this listing and this school0.26 miles
Public District Grades PK-5
Middle School
1
/10
Jose De Diego Middle School
3100 NW 5th Ave
Distance between this listing and this school2.63 miles
Public District Grades 6-8
High School
3
/10
Booker T. Washington Senior High School
1200 NW 6th Ave
Distance between this listing and this school1.39 miles
Public Magnet Grades 9-12
Assigned Schools
3
/10
Riverside Elementary School
1190 SW 2nd St
Distance between this listing and this school0.26 miles
Public District Grades PK-5
Nearby Schools
3
/10
Alpha Charter of Excellence
1223 SW 4th St
Distance between this listing and this school0.15 miles
Public Charter Grades KG-5
7
/10
Shenandoah Elementary School
1023 SW 21st Ave
Distance between this listing and this school0.82 miles
Public District Grades PK-5
Assigned Schools
1
/10
Jose De Diego Middle School
3100 NW 5th Ave
Distance between this listing and this school2.63 miles
Public District Grades 6-8
Nearby Schools
5
/10
Sports Leadership and Management (Slam) Charter Mi
604 NW 12th Ave
Distance between this listing and this school0.22 miles
Public Charter Grades 6-8
9
/10
Lincoln-Marti Charter School Little Havana Campus
970984 West Flagler St
Distance between this listing and this school0.49 miles
Public Charter Grades KG-8
Assigned Schools
3
/10
Booker T. Washington Senior High School
1200 NW 6th Ave
Distance between this listing and this school1.39 miles
Public Magnet Grades 9-12
Nearby Schools
10
/10
Young Womens Preparatory Academy
1150 SW 1st St
Distance between this listing and this school0.28 miles
Public Magnet Grades 6-12
8
/10
Sports Leadership of Miami Charter High School
998 SW 1st St
Distance between this listing and this school0.43 miles
The neighbors living near this home have an average income of $24,921. Residents of Miami, FL typically earn less than $35k each year. Residents typically live in single, no kids family. Typical level of education for residents in this area is high school diploma.
This home is located at 1361 SW 4th St in Miami, FL and zip code 33135 in the Little Havana neighborhood. This 4,764 square foot home was built in 1970. It has been listed on Rocket Homes since February 23, 2024 and is currently priced at $2,100,000.
Over 115 listings were sold over their listed price in March 2024 in Miami, FL. In the same period over 619 listings were sold below the listed price and 149 listings were sold for the listed price. The inventory of homes for sale in Miami, FL between February 2024 and March 2024 increased by 9.1%. The median list price of listings available in March 2024 was $540,091, while the average time on the real estate market was 59 days.
From Rocket Homes Real Estate and based on county public records data.