1620 NW 18th St
Property Description
MSP Group is pleased to present The Lola Apartments, a 2025-built multifamily asset offering 20 units across three stories on a 7,150 square foot (0.16 acre) lot. The building totals 14,879 gross square feet with 10,246 square feet of net rentable space, and features a well-balanced unit mix: (5) studios at 410 square feet, (4) one-bedroom/one-bath units at 410 square feet, (5) one-bedroom/one-bath units at 531 square feet, and (6) two-bedroom/one-bath units at 650 square feet. Every unit has been outfitted with modern touches such as new white shaker cabinetry, quartz countertops, stainless steel appliance packages, wood-style vinyl plank flooring, full bathtubs, and spacious walk-in closets in select units. In the corner units, floor-to-ceiling glass sliding doors open to private balconies, filling the space with natural light and giving the building a clean, contemporary presence. Select units are served by central air conditioning, with the balance served by efficient mini-split systems. The property is individually metered for electric and is fully handicap accessible via a wheelchair lift, expanding the tenant pool and satisfying accessibility requirements. For an investor, the appeal is simple: 2025 vintage construction, minimal deferred maintenance and capital expenditure shouldn't be necessary for some time, and a new-construction insurance profile. This is a true cashflow from day-one, management-light asset in one of Miami's most supply-constrained rental corridors.
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $5,750,000 |
| No. of Units: | 20 |
| Year Built: | 2025 |
| Lot Size: | 0.16 Acres |
| Opportunity Zone: | No |
| Price per unit: | $287,500 |
| Property Website | Click Here |
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