1027 3rd St ,Residential-multi-family for Sale & Rent

1027 3rd St for Sale & Rent

Price $2,095,000.00

• Lot size 7500
• Year Build 1960
• Waterfront
• Zip 33130
• Style
• Parking Description
• Pool Yes
• Status Active

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.

2 54 41 PB 2-46 LAWRENCE ESTATE LAND CO SUB LOT 15 BLK 20 LOT SIZE 7500 SQUARE FEET OR 17617-4151 0497 4

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.

City:Miami,Zoning:3900,List A O R:A-Miami Association of REALTORS,Stories:2,Latitude:25.7709226,Cooling Y N:1,Heating Y N:1,List Price:2095000,Listing Id:A12088855,Longitude:-80.2119789,Mls Status:Active,Year Built:1960,Postal Code:33130,Street Name:3rd St,Coordinates:1:25.7709226,Gross Income:194820,Photos Count:8,Lot Size Units:Square Feet,M I A M I R E_ Area:30,On Market Date:2026-09-14,Parcel Number:01-41-02-005-3670,Property Type:Commercial Sale,Stories Total:2,Street Number:1027,Public Remarks: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.,County Or Parish:Miami-Dade County,Expiration Date:2027-03-31,List Office Name:Metropolitan Property Group Florida,Standard Status:Active,Living Area Units:Square Feet,Major Change Type:New,Postal Code Plus4:2183,Property Sub Type:Income/MultiFamily,State Or Province:FL,Street Dir Prefix:SW,Unparsed Address:1027 SW 3rd St, Miami FL 33130,Listing Agreement:Exclusive Right To Sell,M I A M I R E_ Blogging:1,Operating Expense:60560,Building Area Total:5058,Building Area Units:Square Feet,Leasable Area Units:Square Feet,Lot Size Square Feet:7500,M I A M I R E_ Flood Zone:AE,M I A M I R E_ Num Floors:2,Number Of Buildings:1,Original List Price:2095000,Public Survey Range:41,I D X Participation Y N:1,M I A M I R E_ N A R Rules Y N:1,M I A M I R E_ Num Tenants:10,Net Operating Income:130158,Syndication Remarks: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.,Listing Contract Date:2026-09-14,M I A M I R E_ Vacancy Rate:5,Originating System I D:miamire,Public Survey Section:2,Street Number Numeric:1027,Tax Legal Description:2 54 41 PB 2-46 LAWRENCE ESTATE LAND CO SUB LOT 15 BLK 20 LOT SIZE 7500 SQUARE FEET OR 17617-4151 0497 4,Gross Scheduled Income:194820,M I A M I R E_ Current Price:2095000,Public Survey Township:41,M I A M I R E_ Municipal Code:1,Originating System Name:Miami Association of REALTORS®,M I A M I R E_ Internet Remarks:Turnkey 10-Unit Little Havana Multifamily | 5.91% Current Cap | 6.71% Pro Forma | Minutes to Brickell,M I A M I R E_ Parcel Number M L X:3670,M I A M I R E_ Street View Param:1$25.770935$-80.21198$338.68$13.33$1.00$lBu3DeNFT7nCmOa-XrA0JQ,M I A M I R E_ Supplement Count:3,Contract Status Change Date:2026-09-14,Internet Address Display Y N:1,Number Of Units In Community:10,Internet Consumer Comment Y N:1,M I A M I R E_ Ok To Advertise List:Yes - Attribution NOT Required,M I A M I R E_ Subdivision Number:5,M I A M I R E_ Agent Alternate Phone:631-356-5697,M I A M I R E_ Occupancy Percentage:100,Internet Entire Listing Display Y N:1,M I A M I R E_ Address Internet Display:1027 SW 3rd St,Internet Automated Valuation Display Y N:1,