500 SW 3rd St, Miami, FL 33130
500 SW 3rd St, Miami, FL 33130
500 SW 3rd St, Miami, FL 33130
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William Gartin

William Gartin

+1(305) 842-6097
$5,400,000
Est. payment /mo
10,324 SqFt
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UPDATED:

Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 10,324 sqft

Price per Sqft $523

MLS Listing ID A12088863

HOA Y/N No

Year Built 1960

Lot Size 0.344 Acres

Property Sub-Type Multi Family

Property Description

500 SW 3rd Street is a 20-unit apartment building in the heart of Little Havana, one of Miami-Dade's most active multifamily submarkets. The offering presents a rare dual-path opportunity: a stabilized, cash-flowing rental asset today, with a clear and increasingly favorable regulatory pathway to substantial density increases under Florida's Live Local Act. Investors can hold for in-place income, reposition unit-by-unit, or pursue a ground-up redevelopment that multiplies the site's buildable unit count well beyond what Miami 21 base zoning allows.

Location

State FL

County Miami-dade

Area 41

Zoning 3900

Exterior

Private Pool Yes

Others

Tax ID 01-02-02-050-1020

Acceptable Financing Cash, 1031 Exchange

Listing Terms Cash, 1031 Exchange

Virtual Tour https://www.propertypanorama.com/instaview/mia/A12088863

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Miami Association of Realtors (SEFMIAMI MLS)
Listed by J&Co. Commercial Real Estate, Inc.

NEARBY SCHOOL & BUSINESS

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William Gartin

William Gartin

+1(305) 842-6097

Agent License ID: 3422133

Agent License ID: 3422133

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