10860 SW 3rd St, Miami, FL 33174

Listing agent Mauricio Jalil License #3207268

Listing office MJ Estates, Inc.

Listing date Sep 2, 2022

Source Crexi

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Overview

This is a 10-unit apartment building located in Sweet Water, just blocks from the Miami Dade FIU main campus. The property consists of five 2-bedroom, 1-bathroom units and five 1-bedroom, 1-bathroom units. The property is in mint condition and features long-term tenants. There is potential for rent increases and low expenses. A 40-year certification and CU are in place. The current gross income is $195,800 at a 4% cap rate, scheduled to increase by December/January 2024 at 5.5% cap. The property size is 7,500 square feet.

Suggested Use

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

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

Location Insight

• Map
• Local Demand

City

Miami

County

Miami-Dade

State

Florida

Longitude

-80.371793

Latitude

25.765271

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FAQs

What type of property is this?

Apartment building - Mint condition 10-unit apartment building near FIU main campus.

Where is this apartment building located?

The property is located at 10860 SW 3rd St Miami, FL.

What is the asking price?

The asking price for this property is $3,650,000.

What are key features of this property?

This property features: Mint condition 10‑unit apartment building.; Located blocks from Miami Dade FIU main campus.; 5 units are 2/1's and 5 units are 1/1's.