1631 3rd St ,Apartments for Sale

1631 3rd St for Sale

Price $1,600,000.00

• Lot size 7500
• Year Build 1925
• Waterfront
• Zip 33125
• Style
• Parking Description Additional Spaces Available
• Pool Yes
• Status Active

Description

Rare 8-unit multifamily in prime Little Havana, directly across from Marlins Stadium. Renovated 1 bed/1 bath units with porcelain tile, updated wall A/Cs, and new roof. Rear lot offers parking for 10+ cars. Units rented below market with strong upside. 7,500 SF lot zoned T5-L allows for 11 units by right or up to 25 with Live Local incentives. In-place 6% cap rate with potential to reach 8% at asking. Ideal for investors seeking immediate cash flow with long-term redevelopment upside. Seller financing available up to 60% with reasonable terms.

2 54 41 PB 2-46 LAWRENCE ESTATE LAND COS SUB LOT 14 BLK 46 LOT SIZE 7500 SQUARE FEET

Rare 8-unit multifamily in prime Little Havana, directly across from Marlins Stadium. Renovated 1 bed/1 bath units with porcelain tile, updated wall A/Cs, and new roof. Rear lot offers parking for 10+ cars. Units rented below market with strong upside. 7,500 SF lot zoned T5-L allows for 11 units by right or up to 25 with Live Local incentives. In-place 6% cap rate with potential to reach 8% at asking. Ideal for investors seeking immediate cash flow with long-term redevelopment upside. Seller financing available up to 60% with reasonable terms.

City:Miami,Zoning:6107,List A O R:A-Miami Association of REALTORS,Stories:2,Latitude:25.7763812,List Price:1600000,Listing Id:A11830222,Longitude:-80.2222281,Mls Status:Active,Ownership:Self Proprietor/Individual,Year Built:1925,Inclusions:Building & Land,Postal Code:33125,Street Name:3rd St,Coordinates:1:25.7763812,Photos Count:10,Lot Size Units:Square Feet,M I A M I R E_ Area:41,On Market Date:2025-06-27,Parcel Number:01-41-02-005-7070,Parking Total:10,Property Type:Commercial Sale,Stories Total:2,Street Number:1631,Public Remarks:Rare 8-unit multifamily in prime Little Havana, directly across from Marlins Stadium. Renovated 1 bed/1 bath units with porcelain tile, updated wall A/Cs, and new roof. Rear lot offers parking for 10+ cars. Units rented below market with strong upside. 7,500 SF lot zoned T5-L allows for 11 units by right or up to 25 with Live Local incentives. In-place 6% cap rate with potential to reach 8% at asking. Ideal for investors seeking immediate cash flow with long-term redevelopment upside. Seller financing available up to 60% with reasonable terms.,County Or Parish:Miami-Dade County,List Office Name:Campos Commercial Real Estate LLC,Standard Status:Active,Living Area Units:Square Feet,Major Change Type:New,Postal Code Plus4:4692,Property Sub Type:Income/MultiFamily,State Or Province:FL,Street Dir Prefix:NW,Tax Annual Amount:21617,Unparsed Address:1631 NW 3rd St, Miami FL 33125,Listing Agreement:Exclusive Agency,Building Area Total:3840,Building Area Units:Square Feet,Lot Size Square Feet:7500,Number Of Buildings:1,Original List Price:1600000,Public Survey Range:41,I D X Participation Y N:1,Syndication Remarks:Rare 8-unit multifamily in prime Little Havana, directly across from Marlins Stadium. Renovated 1 bed/1 bath units with porcelain tile, updated wall A/Cs, and new roof. Rear lot offers parking for 10+ cars. Units rented below market with strong upside. 7,500 SF lot zoned T5-L allows for 11 units by right or up to 25 with Live Local incentives. In-place 6% cap rate with potential to reach 8% at asking. Ideal for investors seeking immediate cash flow with long-term redevelopment upside. Seller financing available up to 60% with reasonable terms.,Listing Contract Date:2025-06-27,Originating System I D:miamire,Public Survey Section:2,Showing Instructions:24 Hour Notice,Appointment Only,Call Listing Agent,Street Number Numeric:1631,Tax Legal Description:2 54 41 PB 2-46 LAWRENCE ESTATE LAND COS SUB LOT 14 BLK 46 LOT SIZE 7500 SQUARE FEET,Public Survey Township:41,Originating System Name:Miami Association of REALTORS?,M I A M I R E_ Internet Remarks:Contact Donna for Showings.,Contract Status Change Date:2025-06-27,Internet Address Display Y N:1,Number Of Units In Community:8,Internet Consumer Comment Y N:1,M I A M I R E_ Ok To Advertise List:With Written Broker Approval,Internet Entire Listing Display Y N:1,Internet Automated Valuation Display Y N:1,