The Mayfair Apartments

Investment Overview

MSP Group is proud to present The Mayfair Apartments, an 18-unit multifamily property located at 2425 SW 6th Street in the heart of Little Havana, combining the character of 1925 construction with a substantial interior renovation. The unit mix consists of two studios at 435 square feet, seven one-bedroom/one-bath units at 550 square feet, and nine two-bedroom/one-bath units at 650 square feet. Half the building is two-bedroom product, which supports longer tenancy and lower turnover. The interiors have been fully updated with quartz countertops, white shaker cabinetry, stainless steel appliance packages, luxury vinyl plank flooring, and updated bathroom vanities. Every unit is cooled by an efficient ductless mini-split system, and the building has been upgraded with new electrical panels. Interior corridors give residents a more secure, private entry than typical garden-style product in the area, and on-site laundry facilities add convenience for tenants and ancillary income for ownership. The result is a property that offers the charm and solid construction of a 1920s Miami building with the finishes and systems renters expect today. A new owner steps into an asset where the heavy lifting has already been done, with interiors positioned to compete directly with newer product in the submarket.