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.
- Heating System
- Cooling System
- Sewer
- 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''
- 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
- Property Type :
- Commercial Sale
- Listing Type :
- For Sale
- Price :
- $2,095,000
- Year Built :
- 1960
- Lot Area :
- 7,500 Sqft
- MLS # :
- A12088855
