1027 SW 3rd Street, Miami, FL 33130
Listing Snapshot
| List Price | $2,095,000 |
| Beds | 0 |
| Baths | 0 |
| Living Area | 0 sqft |
| Lot Size | 0.17 acres |
| Year Built | 1960 |
| MLS # | 1190742524 |
| Status | Active |
About This Home
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.
General Features
- Property Type
- CommercialSale
- Sub-type
- MultiFamily
- Stories
- 2
- Zoning
- 3900
Interior Features
- Flooring
- Laminate
- Heating
- Electric
- Cooling
- CentralAir
Exterior Features
- Construction
- Block
Community Features
- MLS Area
- 2410
Map
Virtual Tour
View Virtual TourMLS# 1190742524 · BEACH
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Estimate Your Payment
20% down · Loan: $1,676,000
Estimate only. Does not include insurance or PMI. Rate is illustrative — contact us for current rates.