1620 Nw 18th St, Miami, Florida 33125

$5,750,000

Overview

Property ID: MSA12092840

Multi Family, Commercial Sale
Property Type

14879 Sqft
Area Size

2025
Year Built

Description

Presenting 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 living 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. Interiors feature new white shaker cabinetry, quartz countertops, stainless steel appliance packages, wood-style vinyl plank flooring, full bathtubs, and spacious walk-in closets. Floor-to-ceiling glass sliding doors open to private balconies, filling each unit with natural light and giving the building a clean, contemporary presence on the street. Select units are served by central air conditioning, with the balance on efficient mini-split systems. The property is individually metered for water, allowing ownership more managerial flexibility. While the building does not have an elevator, it is fully handicap accessible via a wheelchair lift, expanding the tenant pool and satisfying accessibility requirements. Connectivity is a defining strength of the location. The Dolphin Expressway is less than a mile away and I-95 is under two miles, giving residents of The Lola immediate proximity to highways that access all of Miami-Dade and Broward counties.