3102-3104 10Th St Miami, FL 33135

Property Details for 3102-3104 10Th St

Year built

1947

Property type

Apartment buildings

Property subtype

Small apartment buildings

Description

This exceptional three-unit apartment building, located at 3102-3104 SW 10th St in Miami, Florida, presents a compelling investment opportunity. Built in 1947, this single-story property boasts a prime location, just minutes from vibrant neighborhoods like Calle Ocho, Brickell, Coconut Grove, and Coral Gables. Each of the three units offers modern living with two bedrooms and one bathroom, complete with a private washer/dryer and a private back patio. Interior features include good storage space, walk-in closets, and a combination of tile and vinyl flooring. The property is well-maintained and equipped with two electric meters, one water meter, and two assigned parking spaces per unit, supplemented by ample street parking. Currently generating a substantial annual rental income of $102,000, with two units occupied by long-term tenants and one unit averaging $3,200 per month through Airbnb rentals. The property is zoned T3-O, providing significant potential for future development and increased density. This is a rare opportunity to acquire a well-located, income-producing multifamily property in a rapidly growing area of Miami, offering both immediate returns and long-term growth potential. The asking price is $1,089,000. The property's zip code is 33135, and it is situated in Miami-Dade County.