1631 3rd St ,Apartments for Sale

1631 3rd St for Sale

Price $1,600,000.00

• Lot size 7500
• Year Build 1925
• Waterfront
• Zip 33125
• Style
• Parking Description Additional Spaces Available
• Pool Yes
• Status Active

Description

Rare 8-unit multifamily in prime Little Havana, directly across from Marlins Stadium. Renovated 1 bed/1 bath units with porcelain tile, updated wall A/Cs, and new roof. Rear lot offers parking for 10+ cars. Units rented below market with strong upside. 7,500 SF lot zoned T5-L allows for 11 units by right or up to 25 with Live Local incentives. In-place 6% cap rate with potential to reach 8% at asking. Ideal for investors seeking immediate cash flow with long-term redevelopment upside. Seller financing available up to 60% with reasonable terms. All information deemed reliable but not guaranteed. Buyers agent is responsible for verifying all details, including zoning, square footage, and potential development opportunities. Listing broker and seller make no representations or warranties.

2 54 41 PB 2-46 LAWRENCE ESTATE LAND COS SUB LOT 14 BLK 46 LOT SIZE 7500 SQUARE FEET

Rare 8-unit multifamily in prime Little Havana, directly across from Marlins Stadium. Renovated 1 bed/1 bath units with porcelain tile, updated wall A/Cs, and new roof. Rear lot offers parking for 10+ cars. Units rented below market with strong upside. 7,500 SF lot zoned T5-L allows for 11 units by right or up to 25 with Live Local incentives. In-place 6% cap rate with potential to reach 8% at asking. Ideal for investors seeking immediate cash flow with long-term redevelopment upside. Seller financing available up to 60% with reasonable terms. All information deemed reliable but not guaranteed. Buyers agent is responsible for verifying all details, including zoning, square footage, and potential development opportunities. Listing broker and seller make no representations or warranties.

City:Miami,Zoning:6107,List A O R:A-Miami Association of REALTORS,Stories:2,Latitude:25.7763812,List Price:1600000,Listing Id:A11830222,Longitude:-80.2222281,Mls Status:Active,Ownership:Self Proprietor/Individual,Year Built:1925,Inclusions:Building & Land,Postal Code:33125,Street Name:3rd St,Coordinates:1:25.7763812,Photos Count:10,Days On Market:1,Lot Size Units:Square Feet,M I A M I R E_ Area:41,On Market Date:2025-06-27,Parcel Number:01-41-02-005-7070,Parking Total:10,Property Type:Commercial Sale,Stories Total:2,Street Number:1631,Public Remarks:Rare 8-unit multifamily in prime Little Havana, directly across from Marlins Stadium. Renovated 1 bed/1 bath units with porcelain tile, updated wall A/Cs, and new roof. Rear lot offers parking for 10+ cars. Units rented below market with strong upside. 7,500 SF lot zoned T5-L allows for 11 units by right or up to 25 with Live Local incentives. In-place 6% cap rate with potential to reach 8% at asking. Ideal for investors seeking immediate cash flow with long-term redevelopment upside. Seller financing available up to 60% with reasonable terms. All information deemed reliable but not guaranteed. Buyers agent is responsible for verifying all details, including zoning, square footage, and potential development opportunities. Listing broker and seller make no representations or warranties.,County Or Parish:Miami-Dade County,List Office Name:Campos Commercial Real Estate LLC,Standard Status:Active,Living Area Units:Square Feet,Major Change Type:New,Postal Code Plus4:4692,Property Sub Type:Income/MultiFamily,State Or Province:FL,Street Dir Prefix:NW,Tax Annual Amount:21617,Unparsed Address:1631 NW 3rd St, Miami FL 33125,Listing Agreement:Exclusive Agency,Building Area Total:3840,Building Area Units:Square Feet,Lot Size Square Feet:7500,Number Of Buildings:1,Original List Price:1600000,Public Survey Range:41,I D X Participation Y N:1,Syndication Remarks:Rare 8-unit multifamily in prime Little Havana, directly across from Marlins Stadium. Renovated 1 bed/1 bath units with porcelain tile, updated wall A/Cs, and new roof. Rear lot offers parking for 10+ cars. Units rented below market with strong upside. 7,500 SF lot zoned T5-L allows for 11 units by right or up to 25 with Live Local incentives. In-place 6% cap rate with potential to reach 8% at asking. Ideal for investors seeking immediate cash flow with long-term redevelopment upside. Seller financing available up to 60% with reasonable terms. All information deemed reliable but not guaranteed. Buyers agent is responsible for verifying all details, including zoning, square footage, and potential development opportunities. Listing broker and seller make no representations or warranties.,Listing Contract Date:2025-06-27,Originating System I D:miamire,Public Survey Section:2,Showing Instructions:24 Hour Notice,Appointment Only,Call Listing Agent,Street Number Numeric:1631,Tax Legal Description:2 54 41 PB 2-46 LAWRENCE ESTATE LAND COS SUB LOT 14 BLK 46 LOT SIZE 7500 SQUARE FEET,Public Survey Township:41,Originating System Name:Miami Association of REALTORS?,M I A M I R E_ Internet Remarks:Contact Donna for Showings.,Contract Status Change Date:2025-06-27,Internet Address Display Y N:1,Number Of Units In Community:8,Internet Consumer Comment Y N:1,M I A M I R E_ Ok To Advertise List:With Written Broker Approval,Internet Entire Listing Display Y N:1,Internet Automated Valuation Display Y N:1,