871 SW 3rd St, Miami, FL 33130

About 871 SW 3rd St, Miami, FL 33130

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.

How This Listing Compares in Miami

Medians from closed MLS sales in Miami; a starting point, not an appraisal.

Home Features at 871 SW 3rd St, Miami, FL 33130

Pool Private

No

The Building at 871 SW 3rd St, Miami, FL 33130

Building Area Total

11700

Building Area Units

Square Feet

Association

No

Lot, Views & Construction at 871 SW 3rd St, Miami, FL 33130

Lot Size Square Feet

5,000

Waterfront

No

View

No

New Construction

No

Taxes & Public Record for 871 SW 3rd St, Miami, FL 33130

Parcel Number

01-41-38-003-4200

Tax Legal Description

BRICKELL RIVERVIEW PB 5-43 S100FT LOT 12 BLK 29 LOT SIZE 5000 SQUARE FEET OR 18770-1817 0999 2 (10) OR 23151-2804 02 2005 2(2)

Zoning

3900

County Or Parish

Miami-Dade County

Map & Neighborhood