956-964 SW 3rd st - Multi-Family FOR SALE


Miami, FL 33130- Little Havana
$2,400,000 USD
786-280-8680
956-964 SW 3rd st, Miami, FL for Sale
$2,400,000 USD
Multi-Family - FOR SALE
1/6
null | 4.87% Cap Rate

956-964 SW 3rd st
Miami, FL 33130
Little Havana


OVERVIEW

956-964 SW 3rd Street offers developers and investors the opportunity to acquire an eight-unit multifamily asset on a 15,000-square-foot assemblage in Miami's urban core, at an asking price of $2,400,000 and an in-place cap rate of 4.87%. The offering combines current income from the existing improvements with the underlying land value of a 0.344-acre T4-R site. For an investor, the property presents in-place net operating income of $116,901.06 on annual gross income of $163,707.00 across eight apartments, with electric service individually metered and paid directly by tenants — a structural feature relevant to evaluating the asset's ongoing expense profile. For a developer, the T4-R zoning designation and 15,000-square-foot land area, spanning two folios, may support future redevelopment, renovation, or repositioning of the site, subject to independent verification of zoning, density, and permitted uses with the applicable governing authorities.

FOR SALE DETAILS

PRICE

$2,400,000 USD

PRICE/SF

$466 USD /SF

# OF UNITS

8

PRICE/UNIT

$300,000

CAP RATE

4.87%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Multifamily

PROPERTY TYPE

Multi-Family

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1925

PARKING SPACES

-

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

T4-R

APN/PARCEL ID

01-4138-003-1440,01-4138-003-1450

ASK ABOUT THIS PROPERTY

Lais SameFloridian First RealtyMore Info
786-280-8680

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Lais SameFloridian First RealtyMore Info
786-280-8680

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