871 Sw 3Rd St, Miami, FL

Name: 871 Sw 3Rd St, For Sale in Miami - Zoocasa
Brand: APEX Capital Realty LLC
SKU: A12099896
Price: 5400000 USD

House

For Sale

Listed price in listed location currency (USD).

$5,400,000

000

MLS® A12099896

Overview

Key Facts

Type

Levels Commercial Sale

Size -

Garage

Taxes

Days Active 1

Lot Size 5000 SF

Approx. Age 1925

MLS® Number A12099896

Property Address: 871 Sw 3rd St, Miami, FL, 33130-2273

Average square foot calculated using Size range provided by listing agent.

Description

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.

MLS® NumberA12099896

Laundry Level

Central VacNo

FireplaceNo

Acreage

Exterior

Garage

Approx. Age1925

Basement

Driveway

Garage Spaces

Heat

A/C

Extras

Map

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