871 SW 3rd St, Miami FL 33130
Income/MultiFamily in Miami
$5,400,000
Listing courtesy of APEX Capital Realty LLC; Miguel Pinto. 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
871 SW 3rd Street is a 100% occupied, 24-unit multifamily investment in East Little Havana. All 24 one-bedroom, one-bath apartments are leased at an average in-place rent of $1,685 per month: income from day one, no lease-up, no downtime. The existing financing is assumable at a rate below 6% with about four years remaining, so a buyer steps into in-place debt. The 40-year recertification is complete. East Little Havana is one of Miami's most vibrant, culturally rich neighborhoods, set between the Little Havana core and Brickell, minutes from Downtown Miami and the Miami River. Steady demand for well-located workforce housing keeps occupancy high. Asking Price: $5,400,000 ($225,000 per unit). 5.92% cap rate on reassessed NOI.
This income/multifamily home located at 871 SW 3rd St, Miami FL 33130 is currently for sale and it is a new listing on Brickellsold listed today. This property is listed at $5M. It has N/A beds, N/A bathrooms, and is N/A square feet. It was built in 1925. 871 SW 3rd St, Miami FL 33130 is in Miami county Miami-Dade County.
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Property
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Construction
- Year Built: 1925
Community & HOA
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