$2,350,000

Doce Tribus Apartments is a 12-unit complex located at 1563 SW 2nd Street in Miami, Florida. The offering consists of a 3-story building constructed in 1925 that has 5,928 SF, sitting on a 7,500 SF (0.17-acre) parcel. The unit mix is comprised of (10) studios and (2) 1-bed/1-bath units, each averaging 494 SF. Doce Tribus residents enjoy spacious studio layouts with wall/window A/C units, and the property is topped by a durable flat roof. Rents at the property currently range from $975 to $1,450, with an average in-place rent of $1,279. Water, sewer, and trash are all included in rent, providing residents with a simplified, all-in living experience while supporting strong tenant retention. The property offers both on-site and street parking. Doce Tribus Apartments is ideally situated in Little Havana, one of Miami’s most culturally vibrant and historically significant neighborhoods. The property benefits from its close proximity to three of South Florida’s largest economic drivers (Miami International Airport, the Health District/Civic Center, and PortMiami), all within a short drive via car or public transportation. This connectivity has placed sustained upward pressure on rental rates and kept vacancy in the submarket virtually nonexistent.