$5,750,000
14,879 sqft
1620 NW 18th St, Miami, FL 33125
1 / 23
871 SW 3rd St, Miami, FL 33130
$5,400,000— Beds— Baths
Miami, FL 33130
Status
Active
Type
Income/MultiFamily
Year Built
1925
Days on Market
1
Lot Size
5,000 sqft
MLS #
A12099896
About This Home
871 SW 3rd Street is a 100% occupied, 24-unit multifamily investment in East Little Havana. All 24 one-bedroom, one-bath apartments are leased at an average in-place rent of $1,685 per month: income from day one, no lease-up, no downtime. The existing financing is assumable at a rate below 6% with about four years remaining, so a buyer steps into in-place debt. The 40-year recertification is complete. East Little Havana is one of Miami's most vibrant, culturally rich neighborhoods, set between the Little Havana core and Brickell, minutes from Downtown Miami and the Miami River. Steady demand for well-located workforce housing keeps occupancy high. Asking Price: $5,400,000 ($225,000 per unit). 5.92% cap rate on reassessed NOI.
Building & Association
- Association
- No
Lot & Construction
- Lot Size Square Feet
- 5,000
- Waterfront
- No
- View
- No
- New Construction
- No
Public Records
- Parcel Number
- 01-41-38-003-4200
- Zoning
- 3900
- County Or Parish
- Miami-Dade County
Location
Courtesy of APEX Capital Realty LLC
