Miami, FL 33125,1631 NW 3rd St
Miami, FL 33125,1631 NW 3rd St
Miami, FL 33125,1631 NW 3rd St
10
See all 10 photos
$1,600,000
Est. payment /mo
3,840 SqFt
Active

1631 NW 3rd St Miami, FL 33125

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Key Details

Property Type Multi-Family

Sub Type Multi Family

Listing Status Active

Purchase Type For Sale

Square Footage 3,840 sqft

Price per Sqft $416

MLS Listing ID A11830222

HOA Y/N No

Year Built 1925

Annual Tax Amount $21,617

Lot Size 7,500 Sqft

Property Sub-Type Multi Family

Property Description

Rare 8-unit multifamily in prime Little Havana, directly across from Marlins Stadium. Renovated 1 bed/1 bath units with porcelain tile, updated wall A/Cs, and new roof. Rear lot offers parking for 10+ cars. Units rented below market with strong upside. 7,500 SF lot zoned T5-L allows for 11 units by right or up to 25 with Live Local incentives. In-place 6% cap rate with potential to reach 8% at asking. Ideal for investors seeking immediate cash flow with long-term redevelopment upside. Seller financing available up to 60% with reasonable terms. All information deemed reliable but not guaranteed. Buyers agent is responsible for verifying all details, including zoning, square footage, and potential development opportunities. Listing broker and seller make no representations or warranties.

Location

State FL

County Miami-dade

Area 41

Interior

Flooring Tile

Exterior

Total Parking Spaces 10

Private Pool Yes

Building

Story 2

Level or Stories Two

Others

Tax ID 01-41-02-005-7070

Ownership Self Proprietor/Individual

Acceptable Financing Cash

Listing Terms Cash

Virtual Tour https://www.propertypanorama.com/instaview/mia/A11830222


Listed by Campos Commercial Real Estate LLC

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agent

Sharon Colón

Agent | License ID: 3309937

+1(786) 376-2398

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1631 NW 3rd St