For SaleMulti FamilyActive
871 SW 3rd St
Miami, FL 33130
$5,400,000
34 Days On Site
- 11,700Sq Ft
- $462Per Sq Ft
- 0.1148Acres
- 1925Built
- County
- Miami-Dade
- MLS®
- A12099896
Overview
871 SW 3rd Street is a 100% occupied, 24-unit multifamily investment in East Little Havana. All 24 one-bedroom, one-bath apartments are leased at an average in-place rent of $1,685 per month: income from day one, no lease-up, no downtime. The existing financing is assumable at a rate below 6% with about four years remaining, so a buyer steps into in-place debt. The 40-year recertification is complete. East Little Havana is one of Miami's most vibrant, culturally rich neighborhoods, set between the Little Havana core and Brickell, minutes from Downtown Miami and the Miami River. Steady demand for well-located workforce housing keeps occupancy high. Asking Price: $5,400,000 ($225,000 per unit). 5.92% cap rate on reassessed NOI.
Listing Snapshot
- Price
- $5,400,000
- Days On Site
- 34 Days
- Bedrooms
- N/A
- Inside Area (SqFt)
- 11,700 sqft
- Total Baths
- N/A
- Full Baths
- N/A
- Partial Baths
- 0
- Lot Size
- 0.1148 Acres
- Year Built
- 1925
- MLS® Number
- A12099896
- Status
- Active
- Property Tax
- N/A
- HOA/Condo/Coop Fees
- N/A
- Sq Ft Source
- N/A
Property Details
General Features
3 items
- Property Sub Type
- Multi Family
- SqFt Total
- 11,700
- Zoning
- 3900
Community Features
1 item
- MLS Area
- 41
Location
871 SW 3rd St, Miami, FL 33130 · 41
Neighborhood & Commute
ZIP Code 33130
- Median household income
- $62,843
- Income per person
- $47,076
- Households
- 16,792
- Average household size
- 2.03
- Median age
- 42.2
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®
- Listing first seen on site
- Price changed to $5,400,000
- Status changed to Active
Friends & Family
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