Debbie Wilson - Preferred Properties Int'l Realty, Inc Logo
$5,400,000
 $28,988 est/mo Sourced by Back At You

871 SW 3rd Street,Miami, FL 33130

Miami, FL 33130

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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.

Details

MLS #A12099896
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Year1925
Days On Site34
Listing Provided ByAPEX Capital Realty LLC | Miguel Angel Pinto

Features

SQ Feet11,700
Zoning3900
Acreage0.11

Area Information

StateFL
CountyMiami Dade
CityMiami
Zip Code33130
Area2410
Listing VS Median (in 33130)
Price:
$5,400,000
low | high
Med:
$15,000
100% of Average
sqft:
11,700
low | high
Med:
4,645
100% of Average
$ / sqft:
$462
low | high
Med:
$4
100% of Average
On site:
34
low | high
Med:
145
23.448275862069% of Average
Sourced by Back At You

Market Activity 33130

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Learn More About This Property

Debbie Wilson

Debbie Wilson

Preferred Properties Intl Realty Inc

BK663882 (561) 305-5955debbiewilsonrealtor@gmail.com
StateFL
CountyMiami Dade
CityMiami
Zip Code33130
Area2410
Listing VS Median (in 33130)
Price:
$5,400,000
low | high
Med:
$15,000
100% of Average
sqft:
11,700
low | high
Med:
4,645
100% of Average
$ / sqft:
$462
low | high
Med:
$4
100% of Average
On site:
34
low | high
Med:
145
23.448275862069% of Average
Sourced by Back At You
Nearby Listings (Within 1/4 mile)
Price: $4.05M - $6.75M
sqft: 8,500 - 14,500
Nearby Listings Property ImageNearby Listings Details
750 SW 2nd Street Property Photo 1
$4,750,000
750 Sw 2nd Street
Miami, FL 33130
Listing Updated: October 30, 2026 at 8:26:41 PM PDT

Debbie Wilson - Preferred Properties Int'l Realty, Inc