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$ 5,400,000
Est. payment | /mo
10,324 SqFt
$ 5,400,000
Est. payment | /mo
10,324 SqFt
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 10,324 sqft
Price per Sqft $523
MLS Listing ID A12088863
HOA Y/N No
Year Built 1960
Lot Size 0.344 Acres
Property Sub-Type Multi Family
Property Description
500 SW 3rd Street is a 20-unit apartment building in the heart of Little Havana, one of Miami-Dade's most active multifamily submarkets. The offering presents a rare dual-path opportunity: a stabilized, cash-flowing rental asset today, with a clear and increasingly favorable regulatory pathway to substantial density increases under Florida's Live Local Act. Investors can hold for in-place income, reposition unit-by-unit, or pursue a ground-up redevelopment that multiplies the site's buildable unit count well beyond what Miami 21 base zoning allows.
Location
State FL
County Miami-dade
Area 41
Zoning 3900
Exterior
Private Pool Yes
Others
Tax ID 01-02-02-050-1020
Acceptable Financing Cash, 1031 Exchange
Listing Terms Cash, 1031 Exchange
Listed by J&Co. Commercial Real Estate, Inc.