1027 SW 3rd St, Miami FL 33130
Miami, FL 33130
$2,095,000
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- Price
- $2,095,000
- Building size
- 5,058
- Property type
- Income/MultiFamily
- Year built
- 1960
- Lot size (sq ft)
- 7,500
- MLS number
- A12088855
This listing is courtesy of Metropolitan Property Group Florida, 631-356-5697.
About this property
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.
Details
- Property type
- Income/MultiFamily
- Year built
- 1960
- Lot size (sq ft)
- 7,500
Location
Listing information is deemed reliable but is not guaranteed accurate by MIAMI REALTORS®.
Newmar Brokerage, LLC