871 SW 3rd StMiami, FL 33130
Miami-Dade County
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.
Property Information
- Property type
- Commercial Sale
- Sub-type
- Multi Family
- Year built
- 1925
- Building area
- 11,700 Sq Ft
- Lot size
- 5,000 Sq Ft
- Days on market
- 3
- MLS® Listing#
- A12099896
Property Features
- Parcel number
- 01-41-38-003-4200
Listing Courtesy: APEX Capital Realty LLC - 3055702600
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