1027 SW 3rd Street
Miami, FL 33130
Square Ft.
5,058
$2,095,000
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… Read More 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. Read Less
Courtesy of Metropolitan Property Group Florida 954-372-1043
Listing Snapshot
Days Online
37
Last Updated
Property Type
Multi Family
Square Ft.
5,058
Lot Size
0.17 Acres
Year Built
1960
MLS Number
A12088855
Additional Details
Building
Built in 1960, 1 building, 2 stories, Construction Materials: Block
Cooling
Central Individual
Expenses
Other Expense: $60,560
Floors
Laminate
Heating
Electric
Income
Gross Income: $194,820, Gross ScheduledIncome: $194,820, Net Operating Income: $130,158
Lot
0.17 acres
Sewer
Public Sewer
Taxes
Parcel Number: 0141020053670, Legal 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, Zoning: 3900
Tenant Pays
Electricity, Interior Electric
Utilities
Water Source: Public
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