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1442 SW 3Rd St Miami, FL 33135

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For Sale
$2,100,000

Stabilized multifamily asset with commercial laundry in Little Havana.

Lot size:
0.17 Acres

Property Features for 1442 SW 3Rd St

General Information

Property type
Investment
Standard status
Active
Lot size
0.17 Acres

Building Details

Year built
1921

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Listing Contact
Lynn L Taylor
Source: Elliman

Listing Agency: Premier Brokers International Listing Agent: Lynn L Taylor

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

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Overview

Multifamily Asset with Laundry Facility

This property presents a rare opportunity to acquire a fully stabilized multifamily asset, complete with a separate onsite commercial laundry facility, in the rapidly growing Little Havana market. The property comprises two structures: a four-unit CBS front building and a fully rebuilt four-unit building in the rear. The unit mix includes six two-bedroom units and two one-bedroom units, all under annual leases. The six residential units are leased for between $2,000 and $4,000 per month, generating an approximate rental income of $15,000 to $18,000 per month. The onsite commercial laundry facility has a separate business license, servicing both the building and neighboring buildings with its 13 machines, producing an additional cash flow of $3,500 to $6,500 per month. All laundry machines are owned and will be conveyed with the sale.
Location Intelligence

Current Use by Public Records

Retail space

Suggested Use

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

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

Location Insight

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  • Local Demand
City
Miami
County
Miami-Dade
State
Florida
Longitude
-80.218835
Latitude
25.770184

FAQs

What type of property is this?
Apartment building - Stabilized multifamily asset with commercial laundry in Little Havana.
Where is this apartment building located?
The property is located at 1442 SW 3Rd St Miami, FL.
What is the asking price?
The asking price for this property is $2,100,000.
What are key features of this property?
This property features: - Fully stabilized multifamily asset in rapidly growing Little Havana.; - High rental income: **$15,000 - $18,000 per month** from 8 units.; - Profitable onsite commercial laundry facility generating **$3500-$6500/month.**
More about this property
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