871 3rd St ,Apartments for Sale & Rent

871 3rd St for Sale & Rent

Price $5,400,000.00

• Lot size 11700
• Year Build 1925
• Waterfront
• Zip 33130
• Style
• Parking Description
• Pool Yes
• Status Active

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.

BRICKELL RIVERVIEW PB 5-43 S100FT LOT 12 BLK 29 LOT SIZE 5000 SQUARE FEET OR 18770-1817 0999 2 (10) OR 23151-2804 02 2005 2(2)

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.

City:Miami,Zoning:3900,List A O R:A-Miami Association of REALTORS,Latitude:25.7709676,List Price:5400000,Listing Id:A12099896,Longitude:-80.2089928,Mls Status:Active,Year Built:1925,Postal Code:33130,Street Name:3rd St,Coordinates:1:25.7709676,Photos Count:23,Lot Size Units:Square Feet,M I A M I R E_ Area:41,On Market Date:2026-10-02,Parcel Number:01-41-38-003-4200,Property Type:Commercial Sale,Street Number:871,Public Remarks: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.,County Or Parish:Miami-Dade County,Expiration Date:2027-04-02,List Office Name:APEX Capital Realty LLC,Standard Status:Active,Living Area Units:Square Feet,Major Change Type:New,Postal Code Plus4:2273,Property Sub Type:Income/MultiFamily,State Or Province:FL,Street Dir Prefix:SW,Unparsed Address:871 SW 3rd St, Miami FL 33130,Listing Agreement:Exclusive Agency,M I A M I R E_ Blogging:1,Building Area Total:11700,Building Area Units:Square Feet,Leasable Area Units:Square Feet,Lot Size Square Feet:5000,M I A M I R E_ Flood Zone:AE,Original List Price:5400000,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,Syndication Remarks: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.,Listing Contract Date:2026-10-02,Originating System I D:miamire,Public Survey Section:38,Street Number Numeric:871,Tax Legal Description:BRICKELL RIVERVIEW PB 5-43 S100FT LOT 12 BLK 29 LOT SIZE 5000 SQUARE FEET OR 18770-1817 0999 2 (10) OR 23151-2804 02 2005 2(2),M I A M I R E_ Current Price:5400000,Public Survey Township:41,M I A M I R E_ Municipal Code:1,M I A M I R E_ Total Mortgage:3600000,Originating System Name:Miami Association of REALTORS®,M I A M I R E_ Internet Remarks:100% occupied 24-unit multifamily in East Little Havana. Assumable loan below 6%. $225,000 per unit.,M I A M I R E_ Parcel Number M L X:4200,M I A M I R E_ Street View Param:1$25.77097$-80.209004$272.11$13.33$1.00$hJbvtutN3ab5x4yYT-IVng,M I A M I R E_ Supplement Count:1,Contract Status Change Date:2026-10-02,Internet Address Display Y N:1,Number Of Units In Community:24,M I A M I R E_ Ok To Advertise List:Yes - Attribution Required (Agent and Office),M I A M I R E_ Subdivision Number:3,M I A M I R E_ Agent Alternate Phone:305-570-2600,Internet Entire Listing Display Y N:1,M I A M I R E_ Address Internet Display:871 SW 3rd St,