1027 SW 3rd St, Miami, FL 33130
1027 SW 3rd St, Miami, FL 33130
1027 SW 3rd St, Miami, FL 33130
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William Gartin

William Gartin

+1(305) 842-6097
$2,095,000
Est. payment /mo
5,058 SqFt
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Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 5,058 sqft

Price per Sqft $414

MLS Listing ID A12088855

HOA Y/N No

Year Built 1960

Lot Size 7,500 Sqft

Property Sub-Type Multi Family

Property Description

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.

Location

State FL

County Miami-dade

Area 30

Zoning 3900

Interior

Heating Central, Electric

Cooling Central Air

Flooring Laminate

Window Features Impact Glass

Exterior

Private Pool Yes

Building

Story 2

Sewer Public Sewer

Water Public

Level or Stories Two

Structure Type Block

Others

Tax ID 01-41-02-005-3670

Virtual Tour https://www.propertypanorama.com/instaview/mia/A12088855

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Miami Association of Realtors (SEFMIAMI MLS)
Listed by Metropolitan Property Group Florida

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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