931 Sw 3Rd St, Miami, FL

Name: 931 Sw 3Rd St, For Sale in Miami - Zoocasa
Brand: Fausto Commercial Realty Consultants Inc
SKU: A12044485
Price: 18500000 USD

House

For Sale

Listed price in listed location currency (USD).

$18,500,000

000

MLS® A12044485

Overview

Key Facts

Type Multi Family

Levels Commercial Sale

Size -

Garage

Taxes

Days Active 0

Lot Size 2.16 Acres

Approx. Age 1947

MLS® Number A12044485

Property Address: 931 Sw 3rd St, Miami, FL, 33130-2231

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

Description

Rare Urban Garden Apartment Community in the Heart of East Little Havana. Spanning 2.16 acres across twocontiguous parcels totaling 79 units and 58, 260 SF of building area, this community offers operational scale, enduring land value, & a residential character difficult to replicate in Miami's urban core.Presenting a rare opportunity to acquire a 79-unit garden apartment community spanning 2.16 acres — an increasingly scarce combination of scale, land, & low-density residential character within Miami's urban core. Originally developed in 1947, the property consists of multiple residential structures in a garden- style setting distinguished by expansive open areas, mature landscaping, and generous green space. The property features a diversified unit mix of 29 two-bedroom residences, 46 one-bedroom residences, and 4 studio apartments, providing broad tenant appeal and durable leasing flexibility. The site's configuration and significant land component create a setting that is increasingly difficult to replicate under today's development conditions. With current in-place gross income of $1, 336, 754 and pro forma gross income of $1, 990, 800, the portfolio presents a compelling value- add opportunity with clear rent upside — units currently average below market, offering an investor a 5.93% pro forma cap rate. Residents benefit from convenient access to employment centers while remaining immersed in the culture, dining, and everyday conveniences that define Little Havana.

MLS® NumberA12044485

Laundry Level

Central VacNo

FireplaceNo

Acreage

Exterior

Garage

Approx. Age1947

Basement

Driveway

Garage Spaces

Heat

A/C

Extras

Map

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eXp Realty holds real estate brokerage licenses in multiple states. Zoocasa (Canada), Inc. holds real estate brokerage licenses in multiple provinces. For information on licenses please contact us at [email protected]

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