About This Property

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.

Key Features

• 7,500 sq ft Lot
• Built in 1960

Property Details

• Type: Single Family Home
• Year Built: 1960
• Lot Size: 7,500 sq ft
• HOA: Contact Agent
• Bedrooms: 0
• Bathrooms: 0
• Feature: 7,500 sq ft Lot
• Feature: Built in 1960
• Status: Active
• MLS Number: 1190742524
• Days on Market: 15
• Listed By: Metropolitan Property Group Florida · Francisco H Brito
• Zip Code: 33130