1027 SW 3rd St, Miami FL 33130

About This Property

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

Property Type

Income/MultiFamily

Status

Active

MLS #

A12088855

Building Area

5,058 SF

Lot Size

7,500 SF

Year Built

1960

Zoning

3900

Net Operating Income

$130,158

Days on Market

1

Price

$2,095,000