Property Description

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 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.

Features
Heating System
Cooling System
Sewer
Address Map
State:
FL
County:
Miami-Dade
City:
Miami
Zipcode:
33130
Street:
1027 Sw 3rd St, Miami, Florida 33130
Longitude:
W81° 47' 16.9''
Latitude:
N25° 46' 15.4''
MLS Addon
Building Area:
5,058 Sqft
Construction Materials:
Block
DOM:
1
Flooring:
Laminate
Internet Address Display:
1
Internet Listing Display:
1
Parcel Number:
01-41-02-005-3670
Structure Type:
Multi Family
Virtual Tour:
Click Here
Window Features:
Impact Glass

Commercial Sale For Sale

1027 Sw 3rd St, Miami, Florida 33130, Miami, Florida 33130

7,500 Sqft
$2,095,000
MLS # #A12088855
Basic Details
Property Type :
Commercial Sale
Listing Type :
For Sale
Price :
$2,095,000
Year Built :
1960
Lot Area :
7,500 Sqft
MLS # :
A12088855
Agent info
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