2036 NW 3rd St, Miami, FL 33125
2036 NW 3rd St, Miami, FL 33125
2036 NW 3rd St, Miami, FL 33125
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William Gartin

William Gartin

+1(305) 842-6097
$1,100,000
Est. payment /mo
5,948 SqFt
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Open House

Mon Nov 09, 12:00pm - 2:00pm

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Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 5,948 sqft

Price per Sqft $184

MLS Listing ID A12117926

HOA Y/N No

Year Built 1925

Annual Tax Amount $11,340

Tax Year 2025

Lot Size 5,248 Sqft

Acres 0.1205

Property Sub-Type Multi Family

Property Description

Prime 8 Unit Multifamily Investment Opportunity in the Heart of Miami! Discover this income producing property ideally located near Little Havana, Downtown Miami, Brickell and major expressways. This two story building features eight spacious 1 bedroom, 1 bathroom apartments with separate electric meters and 5,948 sq. ft. of building area. All units feature similar layouts and the property has been maintained with updates and repairs as needed. Highlights include a roof replaced in 2023 and City of Miami approved structural and electrical recertification reviews in 2025. Currently generating $115,200 in annual rental income, with approximately $72,200 in adjusted annual net operating income (NOI) based on estimated recurring expenses of $43,000. Excellent rental upside potential, with projected gross income of $144,000 annually if all eight units rent for $1,500 per month, subject to market conditions and existing month to month leases. This property offers investors immediate income, strong rental growth potential and a prime central Miami location. Don't miss this opportunity to own eight income producing units under one roof!

Location

State FL

County Miami-dade

Area 41

Zoning 5700

Interior

Heating Window Unit, Wall Furnace

Cooling Wall/Window Unit(s)

Flooring Laminate, Tile

Exterior

Roof Type Concrete

Private Pool Yes

Building

Story 2

Sewer Public Sewer

Water Public

Level or Stories Two

Structure Type CBS (Concrete Block Structure),Block

Others

Tax ID 01-41-03-010-0130

Security Features Fenced,Fire Sprinkler System,Smoke Detector(s)

Acceptable Financing Cash, Conventional, Other

Listing Terms Cash, Conventional, Other

Virtual Tour https://www.propertypanorama.com/instaview/mia/A12117926

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Miami Association of Realtors (SEFMIAMI MLS)
Listed by Coldwell Banker Realty

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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