1631 NW 3rd St
$1,600,000
1631 NW 3rd St, Miami, FL 33125
3,840 sqft
Building Size
8
Units
Details:
Highlights:
- Number Of Buildings: 1
- Flooring: Tile
- Parking Features: Additional Spaces Available
- Ownership: Self Proprietor/Individual
Description:
Rare 8-unit multifamily in prime Little Havana, directly across from Marlins Stadium. Renovated 1 bed/1 bath units with porcelain tile, updated wall A/Cs, and new roof. Rear lot offers parking for 10+ cars. Units rented below market with strong upside. 7,500 SF lot zoned T5-L allows for 11 units by right or up to 25 with Live Local incentives. In-place 6% cap rate with potential to reach 8% at asking. Ideal for investors seeking immediate cash flow with long-term redevelopment upside. Seller financing available up to 60% with reasonable terms. All information deemed reliable but not guaranteed. Buyers agent is responsible for verifying all details, including zoning, square footage, and potential development opportunities. Listing broker and seller make no representations or warranties.
Location
Gallery
