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1027 3rd St, Miami, FL
Offering:
For Sale
Location:
Miami, FL 33130
Status:
Active
$2,095,000
Deemed reliable but not guaranteed.
Details
Year built:
1960
Lot size:
7,500 sq ft
Levels:
Two
Stories:
2
Type:
Multi-family
MLS ID
A12088855
Virtual tour:
Listed by:
Metropolitan Property Group Florida (MTPG01)
Listing office phone:
631-356-5697
Listing office email:
Listing agent:
Francisco Brito (3649842)
Features
Utilities
Water source:
Public
Sewer:
Public Sewer
Description
1027 SW 3rd Street is a fully renovated and stabilized 10-unit apartment building in the heart of Little Havana, just minutes from Brickell, Downtown Miami, the Miami River and Calle Ocho. The property consists of ten 1-bedroom/1-bath units with vinyl flooring, mini-split A/C systems, stainless-steel appliances and hurricane-impact windows. This is a true turnkey Miami multifamily opportunity with strong in-place cash flow and additional upside through rents. Offered at $2,095,000, the property is being sold at a 5.91% current cap rate with a 6.71% pro forma cap rate at $1,775 per unit. At only $209,500 per unit, this is a rare opportunity to own a renovated 10-unit building in one of Miami’s most centrally located and high-demand rental markets.
Location
1027 SW 3rd StMiami, FL 33130
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MLS information
Last updated Sep 15, 2026
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