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542 SW 3Rd St Miami, FL 33130

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For Sale
$5,200,000

2021-built 18-unit studio near Calle Ocho and Downtown.

Lot size:
0.17 Acres

Property Features for 542 SW 3Rd St

General Information

Property type
Commercial
Standard status
Active
Lot size
0.17 Acres

Building Details

Year built
2021

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Listing Contact
Mauricio Villasuso
Mauricio Villasuso
Source: Elliman

Listing Agent: Mauricio Villasuso

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

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Overview

Little Havana Studio Apartment Building

This 2021-built 18-unit studio apartment building is located in Little Havana. The property was developed taking advantage of the City of Miami mixed-income affordable housing program, which allowed the developer to double the number of units. The building offers accessibility to Jose Marti Park, a Publix supermarket within walking distance, and Calle Ocho. Its proximity to employment centers such as Downtown, the Health District, and nearby schools makes it a desirable location. This property may be a cornerstone for a robust and profitable portfolio, given the rising demand for quality housing in the area, which positions these units as a sought-after choice, ensuring consistent and lucrative rental income.
Location Intelligence

Current Use by Public Records

Casa lisbeth Apartment Building

Suggested Use

Restaurant Real Estate Agency Law Firm Spa & Massage Center Dental Office Hair Salon Nail Salon Food Market Grocery & Convenience Store Daycare Center

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

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City
Miami
County
Miami-Dade
State
Florida
Longitude
-80.20336
Latitude
25.770657

FAQs

What type of property is this?
Apartment building - 2021-built 18-unit studio near Calle Ocho and Downtown.
Where is this apartment building located?
The property is located at 542 SW 3Rd St Miami, FL.
What is the asking price?
The asking price for this property is $5,200,000.
What are key features of this property?
This property features: - Newly built in 2021, offering modern construction and amenities.; - Located in Little Havana, a desirable and growing area.; - Offers 18 studio apartments, maximizing rental income potential.
More about this property
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