1027 SW 3rd St, Miami, FL 33130

About This Home

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

Heating: Central Electric
Cooling: Central Individual A/C

Building & Association

Stories: 2
Stories Total: 2
Association: No

Lot & Construction

Lot Size Square Feet: 7,500
Waterfront: No
View: No
Construction Materials: Concrete Block Construction
New Construction: No

Public Records

Parcel Number: 01-41-02-005-3670
Zoning: 3900
County Or Parish: Miami-Dade County