10860 SW 3Rd St Miami, FL 33174
For Sale
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Unique opportunity to acquire a well-maintained 10-unit apartment building in the heart of Sweetwater, just blocks from FIU's main campus. Property consists of 5 spacious 2BR/1BA units and 5 1BR/1BA units with long-term tenants in place. Located within the FIU University District, benefiting from strong rental demand and future development potential. The site spans from SW 3rd Street to SW 4th Street, offering exceptional access and a rare full-block footprint. Low operating expenses, 40-Year Recertification completed, and Certificate of Use (CU) in place. Current NET income approximately $177,000 annually with upside through future rent increases. Current return approximately 5% CAP rate, projected to increase to approximately 5.5% by December 2026/January 2027. Contact broker for details.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.