Miami Florida (Little Havana, Little Haiti, and Allapttah

[Albert Comas]

Hi all, I am seeking a triplex or fourplex in the little havanah, little Haiti, or allapattah area in Miami, Florida. I was wondering if anybody has experience in these markets. If so can you please provide me with some color. Im seeking a 7-10% cap rate and cash on cash return of >15%. Looking to spend no more than $600k. Also if anyone is aware of the gross rent multipliers in this area can you please provide some.

[Account Closed]

Hi Albert Comas
I'm also targeting the same areas with similar returns. However, I'm targeting these areas because of my low budget (<200K) for MFH. If I may ask, why stick to these lower neighborhoods if your budget permits for better areas (ex. Mid/North MB)?