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1027 SW 3rd St
Miami, FL 33130
Multifamily Property For Sale
·
10 Units
Executive Summary
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.
Unit mix: 10 - 1 bedroom / 1 bath units
Enjoy a strong cashflow right from the start and let the property appreciate.
Property Facts
| Price Per Unit | $229,500 | Building Class | C |
| Sale Type | Investment | Lot Size | 0.17 AC |
| Cap Rate | 5.62% | Building Size | 5,058 SF |
| No. Units | 10 | Average Occupancy | 100% |
| Property Type | Multifamily | No. Stories | 2 |
| Property Subtype | Apartment | Year Built | 1960 |
| Apartment Style | Low-Rise | Parking Ratio | 1.98/1,000 SF |
| Zoning | R-3 | ||
| Price Per Unit | $229,500 |
| Sale Type | Investment |
| Cap Rate | 5.62% |
| No. Units | 10 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.17 AC |
| Building Size | 5,058 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1960 |
| Parking Ratio | 1.98/1,000 SF |
| Zoning | R-3 |
Amenities
Site Amenities
- Laundry Facilities
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 1+1 | 10 | $1,650 | - |
Property Taxes
| Parcel Number | 01-4102-005-3670 | Improvements Assessment | $837,500 |
| Land Assessment | $562,500 | Total Assessment | $1,400,000 |
Property Taxes
Parcel Number
01-4102-005-3670
Land Assessment
$562,500
Improvements Assessment
$837,500
Total Assessment
$1,400,000
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