8-Unit Multifamily Property for Sale — 956–964 SW 3rd Street, Miami, FL
- Price
- $2,400,000 | 4.87% CAP
- Size
- 8 Units | 15,000 SF Land
- Property Type
- Multifamily Investment / Development Opportunity
- Availability
- For Sale
- City
- Miami, FL
About this Miami multifamily investment / development opportunity
Fully leased, eight-unit multifamily property for sale at 956–964 SW 3rd Street in Miami's urban core. Each unit has two bedrooms and one bathroom. Offered at $2,400,000 with an in-place cap rate of 4.87%, the asset occupies a 15,000-square-foot assemblage (0.344 acres) zoned T4-R. The offering combines current income from the existing improvements with the underlying land value. The adjoining lot is also available separately, creating an opportunity to assemble approximately 30,000 square feet of land for future development, subject to zoning and applicable governmental approvals.
Property highlights
- Asking Price: $2,400,000
- In-Place CAP Rate: 4.87%
- 8 Units — 2 Bedrooms / 1 Bathroom Each
- 100% Leased
- 15,000 SF Assemblage (0.344 Acres)
- Zoned T4-R
- Current Rental Income and Underlying Land Value
- Adjacent Lot Available Separately — Potential 30,000 SF Combined Site
- Miami Urban Core Location
- Future Development Subject to Zoning and Governmental Approvals
Listing facts at a glance
- Where is this property located?
- 956–964 SW 3rd Street, Miami, FL — Miami, Florida (Miami-Dade County).
- What type of property is it?
- Multifamily Investment / Development Opportunity, for sale.
- How large is it and what is the price?
- 8 Units | 15,000 SF Land. $2,400,000 | 4.87% CAP.
- Who is the listing broker?
- Lais Same, Commercial Real Estate Broker with Floridian First Realty, serving Miami and South Florida. Call (786) 280-8680 or email LSame@FLFirstRealty.com.
Location: 956–964 SW 3rd Street, Miami
This multifamily investment / development opportunity is located at 956–964 SW 3rd Street, Miami, FL, in Miami, Florida. Lais Same is a commercial real estate broker based in Coral Gables who represents owners, landlords, investors, buyers, and tenants throughout Miami-Dade, Broward, and Palm Beach counties. For a tour, financial details, or a discussion of how this property fits your plans, contact Lais Same directly.
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Listing information is provided for general informational purposes and is deemed reliable but not guaranteed. Sizes, pricing, zoning, and availability are subject to change, prior sale or lease, and verification by the prospective buyer or tenant.