931 SW 3rd St, Miami FL 33130

Description of 931 SW 3rd St, Miami FL 33130

Rare Urban Garden Apartment Community in the Heart of East Little Havana. Spanning 2.16 acres across two contiguous 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.

Property Details for 931 SW 3rd St, Miami FL 33130

Pool Private

No

Building Information for 931 SW 3rd St, Miami FL 33130

Building Area Total

58260

Building Area Units

Square Feet

Association

No

Property Information for 931 SW 3rd St, Miami FL 33130

Lot Size Square Feet

94,134

Waterfront

No

View

No

New Construction

No

Public Records for 931 SW 3rd St, Miami FL 33130

Parcel Number

01-41-38-003-1340

Tax Legal Description

RIVERVIEW PB 5-43 LOT 3 & E31FT OF LOT 4 & ALL LOTS 12 THRU 20 BLK L OR 19521-3874 0201 2 (2)

Zoning

T4-R

County Or Parish

Miami-Dade County

Location