964 3rd St , for Sale & Rent

964 3rd St for Sale & Rent

Price $2,400,000.00

• Lot size 15000
• Year Build 1925
• Waterfront
• Zip 33130
• Style
• Parking Description
• Pool Yes
• Status Active

Description

956-964 SW 3rd Street offers developers and investors the opportunity to acquire an eight-unit multifamily asset on a 15,000-square-foot assemblage in Miami's urban core, at an asking price of $2,400,000 and an in-place cap rate of 4.87%. The offering combines current income from the existing improvements with the underlying land value of a 0.344-acre T4-R site. For an investor, the property presents in-place net operating income of $116,901.06 on annual gross income of $163,707.00 across eight apartments, with electric service individually metered and paid directly by tenants — a structural feature relevant to evaluating the asset's ongoing expense profile. For a developer, the T4-R zoning designation and 15,000-square-foot land area, spanning two folios, may support future redevelopment, renovation, or repositioning of the site, subject to independent verification of zoning, density, and permitted uses with the applicable governing authorities.

RIVERVIEW PB 5-43 LOT 8 BLK M LOT SIZE 7500 SQUARE FEET COC 24147-1033 01 2006 2

956-964 SW 3rd Street offers developers and investors the opportunity to acquire an eight-unit multifamily asset on a 15,000-square-foot assemblage in Miami's urban core, at an asking price of $2,400,000 and an in-place cap rate of 4.87%. The offering combines current income from the existing improvements with the underlying land value of a 0.344-acre T4-R site. For an investor, the property presents in-place net operating income of $116,901.06 on annual gross income of $163,707.00 across eight apartments, with electric service individually metered and paid directly by tenants — a structural feature relevant to evaluating the asset's ongoing expense profile. For a developer, the T4-R zoning designation and 15,000-square-foot land area, spanning two folios, may support future redevelopment, renovation, or repositioning of the site, subject to independent verification of zoning, density, and permitted uses with the applicable governing authorities.

City:Miami,Zoning:3900,List A O R:A-Miami Association of REALTORS,Latitude:25.77044,List Price:2400000,Listing Id:A12093630,Longitude:-80.21061,Mls Status:Active,Year Built:1925,Postal Code:33130,Street Name:3rd St,Coordinates:1:25.77044,Photos Count:2,Lot Size Units:Square Feet,M I A M I R E_ Area:41,On Market Date:2026-09-22,Parcel Number:01-41-38-003-1450,Property Type:Commercial Sale,Street Number:964,Public Remarks:956-964 SW 3rd Street offers developers and investors the opportunity to acquire an eight-unit multifamily asset on a 15,000-square-foot assemblage in Miami's urban core, at an asking price of $2,400,000 and an in-place cap rate of 4.87%. The offering combines current income from the existing improvements with the underlying land value of a 0.344-acre T4-R site. For an investor, the property presents in-place net operating income of $116,901.06 on annual gross income of $163,707.00 across eight apartments, with electric service individually metered and paid directly by tenants — a structural feature relevant to evaluating the asset's ongoing expense profile. For a developer, the T4-R zoning designation and 15,000-square-foot land area, spanning two folios, may support future redevelopment, renovation, or repositioning of the site, subject to independent verification of zoning, density, and permitted uses with the applicable governing authorities.,County Or Parish:Miami-Dade County,Expiration Date:2027-02-22,List Office Name:Floridian First Realty Corp,Standard Status:Active,Living Area Units:Square Feet,Major Change Type:New,Postal Code Plus4:2291,Property Sub Type:Income/MultiFamily,State Or Province:FL,Street Dir Prefix:SW,Unparsed Address:964 SW 3rd St, Miami FL 33130,Listing Agreement:Exclusive Right To Sell,Building Area Total:15000,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,Original List Price:2400000,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,Net Operating Income:163707,Syndication Remarks:956-964 SW 3rd Street offers developers and investors the opportunity to acquire an eight-unit multifamily asset on a 15,000-square-foot assemblage in Miami's urban core, at an asking price of $2,400,000 and an in-place cap rate of 4.87%. The offering combines current income from the existing improvements with the underlying land value of a 0.344-acre T4-R site. For an investor, the property presents in-place net operating income of $116,901.06 on annual gross income of $163,707.00 across eight apartments, with electric service individually metered and paid directly by tenants — a structural feature relevant to evaluating the asset's ongoing expense profile. For a developer, the T4-R zoning designation and 15,000-square-foot land area, spanning two folios, may support future redevelopment, renovation, or repositioning of the site, subject to independent verification of zoning, density, and permitted uses with the applicable governing authorities.,Listing Contract Date:2026-09-22,Originating System I D:miamire,Public Survey Section:38,Street Number Numeric:964,Tax Legal Description:RIVERVIEW PB 5-43 LOT 8 BLK M LOT SIZE 7500 SQUARE FEET COC 24147-1033 01 2006 2,M I A M I R E_ Current Price:2400000,Public Survey Township:41,M I A M I R E_ Municipal Code:1,M I A M I R E_ Total Mortgage:665000,Originating System Name:Miami Association of REALTORS®,M I A M I R E_ Internet Remarks:956-964 SW 3rd Street offers developers and investors the opportunity to acquire an eight-unit multifamily asset,M I A M I R E_ Parcel Number M L X:1450,M I A M I R E_ Showing Time Flag:1,M I A M I R E_ Street View Param:1$25.770437$-80.210613$210.14$13.33$1.00$pDJzmzIb986QA8oM94Gz8w,Contract Status Change Date:2026-09-22,Internet Address Display Y N:1,Number Of Units In Community:8,M I A M I R E_ Ok To Advertise List:With Written Broker Approval,M I A M I R E_ Subdivision Number:3,M I A M I R E_ Agent Alternate Phone:786-280-8680,Internet Entire Listing Display Y N:1,M I A M I R E_ Address Internet Display:964 SW 3rd St,