About This Property

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.

Key Features

• 5,000 SquareFeet Lot
• Built in 1925

Property Details

• Type: Single Family Home
• Year Built: 1925
• Lot Size: 5,000 sq ft
• HOA: Contact Agent
• Bedrooms: 0
• Bathrooms: 0
• Feature: 5,000 SquareFeet Lot
• Feature: Built in 1925
• Status: Active
• MLS Number: 1191951870
• Days on Market: 1
• Listed By: APEX Capital Realty LLC · Miguel Pinto
• Zip Code: 33130