1027 SW 3rd St, Miami FL 33130
Income/MultiFamily in Miami
$2,095,000
Listing courtesy of Metropolitan Property Group Florida; Francisco Brito. Information from the Southeast Florida Multiple Listing Service is deemed reliable but is not guaranteed accurate.
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Income/MultiFamily, Commercial Sale
Details
Overview
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 Miamiās most centrally located and high-demand rental markets.
This income/multifamily home located at 1027 SW 3rd St, Miami FL 33130 is currently for sale and has been available on Brickellsold for 1 day. This property is listed at $2M. It has N/A beds, N/A bathrooms, and is N/A square feet. It was built in 1960. 1027 SW 3rd St, Miami FL 33130 is in Miami county Miami-Dade County.
Interior
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Property
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Construction
- Year Built: 1960
Community & HOA
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