Basic Information
- MLS # A11830222
- Type Multi Family
- Status Active
- Year Built 1925
- Total Sqft 7,500
- Date Listed 06/27/2025
- Days on Market 05 hours ago
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.
Amenities
Exterior Features
- Waterfront No
- Parking Spaces 0
- Pool No
- Parking Description
- Style Multi Family
Interior Features
- Adjusted Sqft 7,500Sq.Ft
- Floor Description Tile
- Sqft 7,500 Sq.Ft
Property Features
- Address 1631 NW 3rd St
- Aprox. Lot Size 7,500
- City Miami
- County Miami- Dade
- Furnished Info no
- Levels Two
- Listing Terms Cash
- Occupant Type Tenant
- Possession Close Of Escrow
- Postal City Miami
- Public Survey Section Two
- Public Survey Township 1
- Stories 2
- Subdivision Complex
- Subdivision Info
- Tax Amount $21,617
- Tax Legal desc 25441 P B2-46 L A W R E N C E E S T A T E L A N D C O S S U B L O T14 B L K46 L O T S I Z E7500 S Q U A R E F E E T
- Tax Year 0
- Terms Considered Cash
- Type of Property Multi Family
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The multiple listing information is provided by the Miami Association of Realtors® from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2023-present Miami Association of Realtors®. All Rights Reserved. The information provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Listing courtesy of: Campos Commercial Real Estate LLC. tel: 786-805-7408
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