SoldMulti FamilySold
2014 SW 3rd St
Miami, FL 33135
$2,500,000
- 7,566Sq Ft
- $330Per Sq Ft
- 0.2124Acres
- 1971Built
- County
- Miami-Dade
- MLS®
- A11697955
Overview
Discover 2014 SW 3 ST, a meticulously maintained 9-unit apartment building in the heart of vibrant Little Havana. This stabilized asset, boasting 100% occupancy, presents a rare opportunity for investors to capitalize on significant rental upside. Currently achieving an average effective rent of $1,988, this property offers a clear path to a 19% increase, aligning with market rents of $2,300-$2,400 for 2/1 units. Proven Income Stream: Current gross monthly income of $17,900, with a current in place cap rate of 6.18%. Projected Growth: Potential gross monthly income of $21,150, resulting in a projected cap rate of 6.35% after reassessment of taxes and insurance, achievable through strategic rent adjustments.
Listing Snapshot
- Price
- $2,500,000
- Days On Site
- N/A
- Bedrooms
- N/A
- Inside Area (SqFt)
- 7,566 sqft
- Total Baths
- N/A
- Full Baths
- N/A
- Partial Baths
- 0
- Lot Size
- 0.2124 Acres
- Year Built
- 1971
- MLS® Number
- A11697955
- Status
- Sold
- Property Tax
- $26,323
- HOA/Condo/Coop Fees
- N/A
- Sq Ft Source
- N/A
Property Details
General Features
4 items
- Additional Property Use
- Investment
- Property Sub Type
- Multi Family
- SqFt Total
- 7,566
- Zoning
- 3900
Community Features
1 item
- MLS Area
- 99
Location
2014 SW 3rd St, Miami, FL 33135 · 99
Neighborhood & Commute
ZIP Code 33135
- Median household income
- $37,532
- Income per person
- $21,865
- Households
- 14,795
- Average household size
- 2.50
- Median age
- 44.7
Source: Walk Score.
Disclosure: Community information and market data powered by Constellation Data Labs. Information is deemed reliable but not guaranteed.
Price & Status History
- Listing updated with changes from the MLS®
- Status changed to Closed
- Price changed to $2,500,000
Friends & Family
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