About 1027 Sw 3rd Street
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.
Features of 1027 Sw 3rd Street
| MLS® # | A12088855 |
|---|---|
| Price | $2,095,000 |
| Acres | 0.17 |
| Year Built | 1960 |
| Type | Commercial |
| Sub-Type | Multi Family |
| Status | New |
Community Information
| Address | 1027 Sw 3rd Street |
|---|---|
| Area | 2410 |
| City | Miami |
| County | Miami-Dade |
| State | FL |
| Zip Code | 33130 |
| HOPA | No Hopa |
Interior
| Heating | Electric |
|---|---|
| Cooling | Central Individual |
| # of Stories | 2 |
Exterior
| Construction | Block |
|---|
Additional Information
| Zoning | 3900 |
|---|---|
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | Metropolitan Property Group Florida |
|---|