1027 SW 3rd St - Apartments FOR SALE


Miami, FL 33130- Little Havana
$2,295,000 USD
631-356-5697
1027 SW 3rd St, Miami, FL for Sale
$2,295,000 USD
Apartments - FOR SALE
1/11
null | 5.62% Cap Rate

1027 SW 3rd St
Miami, FL 33130
Little Havana


OVERVIEW

1027 Southwest 3rd St is a unique opportunity to own a stabilized 10 unit multi-family community in growing area of Little Havana. Ownership spent over $150,000 is Capital Improvements including exterior paint and interior renovations, stainless steel appliances, new stone countertops, etc. The current rent roll is $16,525 and the new owner has the ability to recapture an average of $128/month per unit, increasing the total rent roll to $17,800. This would reflect in an increase of $15,300 of NOI from $128,914 to $144,214. Unit mix: 10 - 1 bedroom / 1 bath units Enjoy a strong cashflow right from the start and let the property appreciate.

FOR SALE DETAILS

PRICE

$2,295,000 USD

PRICE/SF

$454 USD /SF

# OF UNITS

10

PRICE/UNIT

$229,500

CAP RATE

5.62%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1960

PARKING SPACES

10

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,405 SF

ZONING

R-3

APN/PARCEL ID

01-4102-005-3670

ASK ABOUT THIS PROPERTY

Frank BritoAstra Property GroupMore Info
631-356-5697

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Frank BritoAstra Property GroupMore Info
631-356-5697

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.