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Commercial Real Estate

CommercialSaleMultifamilyFLMiami1027, 3rd St, Miami, FL, 33130

Basics

  • Category:
  • Type:
  • Status:
  • Bathrooms: 0
  • Floors: 2
  • Lot size: 7500, 7500 sq ft
  • Year built: 1960
  • County: Miami-Dade
  • MLS ID: A12088855

Description

  • 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:

Amenities & Features

  • Window Features: ImpactGlass
  • Cooling: CentralAir
  • Heating: Central,Electric

Miscellaneous

  • List Office Name: Metropolitan Property Group Florida

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This -type commercial real estate is located in 1027, 3rd St, Miami, FL, 33130 was built in 1960, and is listed at $2,095,000.

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