MIAMI · Commercial Sale
871 SW 3rd St, Miami FL 33130
$5,400,000
01 — THE RESIDENCE
The details make
the difference.
A considered introduction to this property, using the information provided with its MLS listing.
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.
02 — THE PERSPECTIVE
Every angle tells
another story.
Explore the original listing photography for a more complete impression of the residence, its architecture and surrounding setting.
DISCOVER THE GALLERY03 — PROPERTY PROFILE
Residence at a glance.
04 — DISCOVER MORE
Beyond the first impression.
05 — LOCATION
Find your place
in Miami.
871 SW 3rd St, Miami FL 33130
The map uses coordinates supplied with the MLS record. Pin positions may be approximate; verify exact access and location with your advisor.
THE WOLSEN EXPERIENCE
Every extraordinary address
begins with a conversation.
Discover more about this property through a personal, considered conversation.