1371 NW 3rd St - Apartments FOR SALE


Miami, FL 33125- Little Havana
$2,950,000 USD
305-340-8901
1371 NW 3rd St, Miami, FL for Sale
$2,950,000 USD
Apartments - FOR SALE
1/31
null | Request Cap Rate

1371 NW 3rd St
Miami, FL 33125
Little Havana


HIGHLIGHTS

  • Centric Little Havana property with ability to operate short-term rental, licensure available for AirBNB
  • Covered-land play for future mixed-use development
  • Mixed-use, medium density of 65du/acre, allows 80% lot coverage, 5 story height. Live-Local SB102 eligible - allows height and density increase

OVERVIEW

In the heart of Little Havana lies this exceptional, 1997 construction, 10 unit multifamily, income producing property that also has T5-L zoning allowing for AirBnB licensure and short-term rental. All 10 units are spacious 1-bed 1 bath, with flat roof, a mix of central A/C and wall units, individual water meters and electric reducing operating expenses, impact windows and PVC plumbing: making this a turnkey investment. The location offers accessibility and connectivity to Brickell, Downtown, the Health District, 836 HWY to Miami Beach and with this comes fine dining, chic shops, sidewalk cafes and picturesque parks, all are a brisk walk or drive away for residents who will be immersed in the vibrant culture of the area. Loan Depot Park is across the street, idyllic for those in the short term business hoping to tap into the market of folks attending conventions, sporting events or other entertainment. Havana has been home to tycoons, adventurers, artists, writers, and investors have taken notice that this is the heart of the city. The housing demand is very high driving rents up, take advantage of this inflation proof investment and contact us immediately.

FOR SALE DETAILS

PRICE

$2,950,000 USD

PRICE/SF

$514 USD /SF

# OF UNITS

10

PRICE/UNIT

$295,000

CAP RATE

Request Cap Rate

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

1990s Little Havana 10-Unit Complex

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1997

PARKING SPACES

9

LAND DETAILS

LAND ACRES

0.24 AC

LAND SF

10,282 SF

ZONING

T5-L

APN/PARCEL ID

01-4102-005-7220

ASK ABOUT THIS PROPERTY

Mauricio VillasusoFausto Commercial Realty ConsultantsMore Info
305-340-8901

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Mauricio VillasusoFausto Commercial Realty ConsultantsMore Info
305-340-8901

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