Nest Seekers

Prime 8 Unit Multifamily Investment Opportunity in the Heart of Miami !

2036 3rd Street
Miami, FL 33125

Listing

Web ID:5839092
Website:https://www.nestseekers.com/5839092

Property

Ownership: For Sale
Type: Unknown
Area: 5948 sq ft

Financials

Price:$1,200,000
Annual Taxes:$11,340

Description

Prime 8 Unit Multifamily Investment Opportunity in the Heart of Miami! Discover this income producing property ideally located near Little Havana, Downtown Miami, Brickell and major expressways. This two story building features eight spacious 1 bedroom, 1 bathroom apartments with separate electric meters and 5,948 sq. ft. of building area. All units feature similar layouts and the property has been maintained with updates and repairs as needed. Highlights include a roof replaced in 2023 and City of Miami approved structural and electrical recertification reviews in 2025. Currently generating $115,200 in annual rental income, with approximately $72,200 in adjusted annual net operating income (NOI) based on estimated recurring expenses of $43,000. Excellent rental upside potential, with projected gross income of $144,000 annually if all eight units rent for $1,500 per month, subject to market conditions and existing month to month leases. This property offers investors immediate income, strong rental growth potential and a prime central Miami location. Don't miss this opportunity to own eight income producing units under one roof!

Amenities

  • Balcony
  • Cable - Available
  • Interior Lot
  • Natural Gas Available
  • Regular Lot
  • Two-story stucco exterior featuring a mission-style parapet with star detail, second-level balcony, multi-pane windows, and a paved walkway
  • Staircase featuring black treads, white risers, and a wooden handrail, complemented by wood-finish flooring
  • French-style glass paneled doors opening to a covered balcony with terracotta floor tiling, textured wall finishes, and a dark metal railing
  • Two-story masonry exterior with parapet detailing, front-facing balcony, textured stucco facade, and central tiled entryway
  • Multi-story building with a flat roof, central arched entryway, decorative facade detailing, and a front-facing balcony
  • Multi-story masonry exterior featuring a flat roofline, parapet detailing, and integrated window air conditioning units
  • Aerial perspective of a dense urban environment featuring a mix of multi-story buildings and residential structures with mature landscaping
  • Aerial perspective of a rectangular-shaped lot featuring an expansive flat-roof structure, established mature tree canopy, and direct paved street fro
  • Aerial perspective featuring a panoramic skyline backdrop and established residential neighborhood with mature tree canopy
  • Aerial perspective of an urban neighborhood featuring street grids, dense residential blocks, established tree canopy, and a distant skyline
  • Aerial perspective of an urban neighborhood featuring a residential landscape with mature tree canopy and city skyline backdrop
  • Three-story residential building featuring a stucco exterior, arched entryway, private balcony, and tile roofing
  • Aerial perspective of the urban area featuring a two-story masonry building with a flat roof, a center recessed entryway, and a paved front walkway
  • Aerial perspective of a multi-story building featuring a stucco exterior, recessed entry, and tile roofing, situated within a dense urban landscape
  • Aerial perspective of the urban landscape featuring a grid of residential streets, mature canopy trees, multi-story commercial structures, and establi
  • Aerial perspective of a dense urban environment featuring multi-story residential buildings, paved street grids, and mature tree canopy
  • Aerial perspective featuring an established urban neighborhood with a mix of residential structures and local thoroughfares
  • Textured stucco exterior wall featuring two double-hung windows with brown sills and an eight-meter electrical service panel configuration
  • Textured stucco exterior wall with multiple metered utility connections and rigid piping

Location

2036 3rd Miami FL 33125 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 Coldwell Banker Realty
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