1837 NW 3rd Ave - Apartments FOR SALE


Miami, FL 33136- Overtown
$2,200,000 USD
305-209-8866
1837 NW 3rd Ave, Miami, FL for Sale
$2,200,000 USD
Apartments - FOR SALE
1/9
null | Request Cap Rate

1837 NW 3rd Ave
Miami, FL 33136
Overtown


OVERVIEW

RENOVATION PROGRESS The renovation of this 12-unit, 2-bed/1-bath apartment building is well underway and currently in the rough-in phase. Major infrastructure upgrades have been completed: Framing: All interior framing is complete, supporting updated unit layouts, and ready for inspection. Plumbing: Rough plumbing is installed throughout, including new supply and drain lines. Wet walls, vent stacks, and fixture points are in place and code-compliant. Electrical: Rough electrical is complete, with new wiring, panels, boxes, and conduit installed and organized for inspection. HVAC: Ductwork and venting are installed, including metal flue pipes and returns for each unit. Quality: Workmanship appears clean and professional. Materials and layout reflect modern building standards. Next Steps: Final inspections, insulation, drywall, and finish installations. This project is approaching the final stages of major infrastructure work, offering investors a near-complete value-added opportunity.

FOR SALE DETAILS

PRICE

$2,200,000 USD

PRICE/SF

$264 USD /SF

# OF UNITS

12

PRICE/UNIT

$183,333

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

3

YEAR BUILT

1961

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.19 AC

LAND SF

8,276 SF

ZONING

R-3

APN/PARCEL ID

01-3136-029-0280

ASK ABOUT THIS PROPERTY

Arthur PorosoffCompass Florida LLCMore Info
305-209-8866

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Arthur PorosoffCompass Florida LLCMore Info
305-209-8866

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