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$ 2,095,000
Est. payment | /mo
5,058 SqFt
$ 2,095,000
Est. payment | /mo
5,058 SqFt
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 5,058 sqft
Price per Sqft $414
MLS Listing ID A12088855
HOA Y/N No
Year Built 1960
Lot Size 7,500 Sqft
Property Sub-Type Multi Family
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.
Location
State FL
County Miami-dade
Area 30
Zoning 3900
Exterior
Private Pool Yes
Building
Story 2
Level or Stories Two
Others
Tax ID 01-41-02-005-3670
Listed by Metropolitan Property Group Florida