1027 SW 3rd Street is a fully renovated and stabilized 10-unit apartment building in the heart of Little Havana, just minutes from Brickell, Downtown Miami, the Miami River and Calle Ocho. The property consists of ten 1-bedroom/1-bath units with vinyl flooring, mini-split A/C systems, stainless-steel appliances and hurricane-impact windows. This… Read More is a true turnkey Miami multifamily opportunity with strong in-place cash flow and additional upside through rents. Offered at $2,095,000, the property is being sold at a 5.91% current cap rate with a 6.71% pro forma cap rate at $1,775 per unit. At only $209,500 per unit, this is a rare opportunity to own a renovated 10-unit building in one of Miami’s most centrally located and high-demand rental markets. Read Less
Courtesy of Metropolitan Property Group Florida, Francisco H Brito, 954-372-1043.
Listing Snapshot
Days Online
28
Last Updated
Property Type
Multi Family
Square Ft.
5,058
Lot Size
0.17 Acres
Year Built
1960
MLS Number
A12088855
30 Days Snapshot Of 33130
$643k
0%
(avg) sold price
0
-100%
homes sold
151
0%
(avg) days on market
Snapshot
Area Map
Additional Details
Building
Built in 1960, Construction materials: Block, Toal building area: 5058, 1 total unit
Cooling
Central Individual
Floors
Laminate
Heating
Electric
Lot
0.17 acres
Property
Zoning: 3900
Sewer
Public Sewer
Tenant Pays
Electricity, Interior Electric
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