$2,400,000
956-964 SW 3rd Street offers developers and investors the opportunity to acquire an eight-unit multifamily asset on a 15,000-square-foot assemblage in Miami's urban core, at an asking price of $2,400,000 and an in-place cap rate of 4.87%. The offering combines current income from the existing improvements with the underlying land… Read More value of a 0.344-acre T4-R site.For an investor, the property presents in-place net operating income of $116,901.06 on annual gross income of $163,707.00 across eight apartments, with electric service individually metered and paid directly by tenants — a structural feature relevant to evaluating the asset's ongoing expense profile.For a developer, the T4-R zoning designation and 15,000-square-foot land area, spanning two folios, may support future redevelopment, renovation, or repositioning of the site, subject to independent verification of zoning, density, and permitted uses with the applicable governing authorities. Read Less
Courtesy of Floridian First Realty Corp 305-667-5235
Listing Snapshot
Days Online
30
Last Updated
Property Type
Multi Family
Square Ft.
15,000
Lot Size
0.17 Acres
Year Built
1925
MLS Number
A12093630
Additional Details
Building
Built in 1925
Income
Net Operating Income: $163,707
Lot
0.17 acres
Taxes
Parcel Number: 0141380031450, Legal Description: RIVERVIEW PB 5-43 LOT 8 BLK M LOT SIZE 7500 SQUARE FEET COC 24147-1033 01 2006 2, Zoning: 3900
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