1027 SW 3rd St
$2,095,000
1027 SW 3rd St, Miami, FL 33130
130,158
NOI
5,058 sqft
Building Size
Details:
Highlights:
- Gross Income: 194820
- Number Of Buildings: 1
- Cooling: Central Individual A/C
- Heating: Central Electric
- Construction Materials: Concrete Block Construction
Description:
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.
Location
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