Nest Seekers

500 SW 3rd Street is a 20 unit apartment building in the heart of Little Havana, one of Miami Dade's most active multifamily submarkets.

Miami, FL 33130

Listing

Web ID:5747264
Website:https://www.nestseekers.com/5747264

Property

Ownership: For Sale
Type: Multi-Family
Lot Size: 0.3 Acres

Financials

Price:$5,400,000

Description

500 SW 3rd Street is a 20-unit apartment building in the heart of Little Havana, one of Miami-Dade's most active multifamily submarkets. The offering presents a rare dual-path opportunity: a stabilized, cash-flowing rental asset today, with a clear and increasingly favorable regulatory pathway to substantial density increases under Florida's Live Local Act. Investors can hold for in-place income, reposition unit-by-unit, or pursue a ground-up redevelopment that multiplies the site's buildable unit count well beyond what Miami 21 base zoning allows.
Virtual Tour: https://www.propertypanorama.com/instaview/mia/A12088863

Location

Miami FL 33130 USA

Contact

Palm Beach, FL
Deborah L. Ginsburg
150 Worth Ave, Palm Beach, FL 33480
Phone: +1 561-725-9229
deborahg@nestseekers.com
Listing Courtesy of J&Co. Commercial Real Estate, Inc.
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