1027 SW 3rd St, Miami, FL 33130

Description of 1027 SW 3rd St, Miami, FL 33130

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.

Property Details for 1027 SW 3rd St, Miami, FL 33130

Heating

Central Electric

Cooling

Central Individual A/C

Pool Private

No

Building Information for 1027 SW 3rd St, Miami, FL 33130

Building Area Total

5058

Building Area Units

Square Feet

Stories

2

Stories Total

2

Association

No

Property Information for 1027 SW 3rd St, Miami, FL 33130

Lot Size Square Feet

7,500

Waterfront

No

View

No

Construction Materials

Concrete Block Construction

Sewer

Public Sanitation

Water Source

Public

New Construction

No

Public Records for 1027 SW 3rd St, Miami, FL 33130

Parcel Number

01-41-02-005-3670

Tax Legal Description

2 54 41 PB 2-46 LAWRENCE ESTATE LAND CO SUB LOT 15 BLK 20 LOT SIZE 7500 SQUARE FEET OR 17617-4151 0497 4

Zoning

3900

County Or Parish

Miami-Dade County

Location