1029 NW 3rd St - Apartments FOR SALE


Miami, FL 33128- Little Havana
$3,999,999 USD
954-678-3780
1029 NW 3rd St, Miami, FL for Sale
$3,999,999 USD
Apartments - FOR SALE
1/5
null | 4.12% Cap Rate

1029 NW 3rd St
Miami, FL 33128
Little Havana


HIGHLIGHTS

  • Access & Connectivity
  • Area Amenities & Demand Drivers
  • Nearby Little Havana
  • Off-Street Parking & Amenities
  • Strong Rental Demographics & Demand
  • Quality of Life Amenities

OVERVIEW

Horvath & Tremblay is pleased to present the exclusive opportunity to purchase the multi-family investment property located at 1029 NW 3rd Street in Miami, FL (the “Property”). The three-story building contains nine (9) 2-Bedroom/2-Bathroom units and three (3) 1-Bedroom/1-Bathroom units with 16,054 square feet of gross living area. The Property is situated upon a 0.17-acre parcel and features twelve (12) off-street parking spaces. This property was built using the Miami 21 mixed-income program, which successfully doubled the lot's density and maximized its total floor area. In exchange for these development benefits, the building maintains a 12-unit affordable housing structure based on Miami-Dade's AMI limits. The unit distribution includes two units at the 30% AMI tier, one unit at the 50% AMI tier, and nine workforce units capped at 140% AMI.

FOR SALE DETAILS

PRICE

$3,999,999 USD

PRICE/SF

$222 USD /SF

# OF UNITS

12

PRICE/UNIT

$333,333

CAP RATE

4.12%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

1029 Northwest 3rd St

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

2020

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.17 AC

LAND SF

7,405 SF

ZONING

T4-R

APN/PARCEL ID

01-4102-005-1460

ASK ABOUT THIS PROPERTY

Alejandro GonzalezHorvath & TremblayMore Info
954-678-3780

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Alejandro GonzalezHorvath & TremblayMore Info
954-678-3780

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