Link copied!
871 3rd St, Miami, FL
Offering:
For Sale
Location:
Miami, FL 33130
Status:
Active
$5,400,000
Deemed reliable but not guaranteed.
Details
Year built:
1925
Lot size:
5,000 sq ft
Days on market:
1
Type:
Multi-family
MLS ID
A12099896
Virtual tour:
Listed by:
APEX Capital Realty LLC (AXCR01)
Listing office phone:
305-570-2600
Listing office email:
Listing agent:
Miguel Pinto (3313310)
Features
Description
871 SW 3rd Street is a 100% occupied, 24-unit multifamily investment in East Little Havana. All 24 one-bedroom, one-bath apartments are leased at an average in-place rent of $1,685 per month: income from day one, no lease-up, no downtime. The existing financing is assumable at a rate below 6% with about four years remaining, so a buyer steps into in-place debt. The 40-year recertification is complete. East Little Havana is one of Miami's most vibrant, culturally rich neighborhoods, set between the Little Havana core and Brickell, minutes from Downtown Miami and the Miami River. Steady demand for well-located workforce housing keeps occupancy high. Asking Price: $5,400,000 ($225,000 per unit). 5.92% cap rate on reassessed NOI.
Price history
$5,400,000 → $5,400,000
· 1 price changes
Location
871 SW 3rd StMiami, FL 33130
Similar Properties Nearby
Area
9,804 sq ft
Area
3,826 sq ft
Area
8,438 sq ft
Area
3,372 sq ft
Similar Properties in Other Cities
Area
5,074 sq ft
Area
8,219 sq ft
MLS information
Last updated Oct 3, 2026
IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
