1027 SW 3rd St, Miami FL 33130 is a fully renovated and stabilized 10-unit apartment building in the heart of Little Havana. The property is minutes from Brickell, Downtown Miami, the Miami River and Calle Ocho, placing residents near several established Miami destinations.
Each apartment offers one bedroom and one bathroom, with vinyl flooring, mini-split A/C systems, stainless-steel appliances and hurricane-impact windows. A laundry facility serves the building, which was built in 1960 and provides 5,058 square feet of living area. Offered for sale at $2,095,000, the property is presented at a 5.91% current cap rate, with a 6.71% pro forma cap rate based on $1,775 per unit. At $209,500 per unit, 1027 SW 3rd Street offers a turnkey multifamily investment with in-place cash flow and additional upside through rents.
