Basics
- Category: CommercialSale
- Type: Multifamily
- Status: Active
- Bathrooms: 0
- Floors: 2
- Lot size: 7500, 7500 sq ft
- Year built: 1960
- County: Miami-Dade
- MLS ID: A12088855
Description
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Description:
2 54 41 PB 2-46 LAWRENCE ESTATE LAND CO SUB LOT 15 BLK 20 LOT SIZE 7500 SQUARE FEET OR 17617-4151 0497 4 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.
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Building Details
- Structure Type: MultiFamily
- Water Source: Public
- Sewer: PublicSewer
- Construction Materials: Block
- Covered Spaces: 0
- Levels: Two
- Number Of Buildings: 1
- Floor covering: Laminate
Amenities & Features
- Window Features: ImpactGlass
- Cooling: CentralAir
- Heating: Central,Electric
Miscellaneous
- List Office Name: Metropolitan Property Group Florida
Ask our real estate expert about this property
This Multifamily-type commercial real estate is located in 1027, 3rd St, Miami, FL, 33130 was built in 1960, and is listed at $2,095,000.