964 SW 3rd St, Miami FL 33130
Income/MultiFamily in Miami
$2,400,000
Listing courtesy of Floridian First Realty Corp; Lais Same. 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
956-964 SW 3rd Street offers developers and investors the opportunity to acquire an eight-unit multifamily asset on a 15,000-square-foot assemblage in Miami's urban core, at an asking price of $2,400,000 and an in-place cap rate of 4.87%. The offering combines current income from the existing improvements with the underlying land value of a 0.344-acre T4-R site. For an investor, the property presents in-place net operating income of $116,901.06 on annual gross income of $163,707.00 across eight apartments, with electric service individually metered and paid directly by tenants — a structural feature relevant to evaluating the asset's ongoing expense profile. For a developer, the T4-R zoning designation and 15,000-square-foot land area, spanning two folios, may support future redevelopment, renovation, or repositioning of the site, subject to independent verification of zoning, density, and permitted uses with the applicable governing authorities.
This income/multifamily home located at 964 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 $2M. It has N/A beds, N/A bathrooms, and is N/A square feet. It was built in 1925. 964 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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