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About This Property
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.
Property Features
County
Miami-Dade County
Section
2
Area
5058
Subdivision
Interior
Cooling
Central Individual A/C
Bedrooms
Floors
Full Baths
Appliances
Heating
Central Electric
Style
Garage Spaces
Construction/Exterior
Concrete Block Construction
Patio / Deck Description
Exterior
Has a Pool
Possession
Lot Size in Acres
Water
Public
Sewer
Public Sanitation
Lot Size in Sq. Ft.
7500
Has Waterfront
No
Parking Description
View
Has Garage
No
Roof/Attic
Senior Community
No
Other Utilities
Property Type
Commercial Sale
Pets
Property SubType 2
Income/MultiFamily
Tax Year
NA
Year Built
1960
Tax Amount
$
APN
NA
Square Feet Source
NA
Map
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