1631 NW 3rd St, Miami, Florida 33125
MLS#: A11830222
$1,600,000 USD
Listed By Campos Commercial Real Estate LLC
The Commercial Property for Sale located at Miami, Florida 33125 is currently for sale. Miami, Florida 33125 is listed for $1,600,000. This property has Total Parking features. If the property located at Miami, Florida 33125 isn't what you're looking for, visit https://www.sfpropertysearch.com to see other Commercial Properties for Sale in Miami .
Date Updated : Jul 1, 2025
Property features
Key features
- Total Parking
Construction details
- Year built: 1925
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.
Location
All real estate advertised herein is subject to the Federal Fair Housing Act, which makes it illegal to advertise "any preference, limitation, or discrimination because of race, color, religion, sex, handicap, familial status, or national origin, or intention to make any such preference, limitation, or discrimination." We will not knowingly accept any advertising for real estate which is in violation of the law. All persons are hereby informed that all dwellings advertised are available on an equal opportunity basis.