2036 3rd Street
Miami, FL 33125

Property

Ownership: For Sale
Type: Multi-Family
Lot Size: 0.1 Acres

Financials

Price:$1,100,000
Annual Taxes:$11,340
Deborah L. Ginsburg
150 Worth Ave, Palm Beach, FL 33480
Listing Courtesy of Coldwell Banker Realty

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

Two-story stucco exterior featuring a mission-style parapet with star detail, second-level balcony, multi-pane windows, and a paved walkway

Two-story stucco exterior featuring a mission-style parapet with star detail, second-level balcony, multi-pane windows, and a paved walkway

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
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
Two-story stucco exterior featuring a mission-style parapet with star detail, second-level balcony, multi-pane windows, and a paved walkwayStaircase featuring black treads, white risers, and a wooden handrail, complemented by wood-finish flooringFrench-style glass paneled doors opening to a covered balcony with terracotta floor tiling, textured wall finishes, and a dark metal railingTwo-story masonry exterior with parapet detailing, front-facing balcony, textured stucco facade, and central tiled entrywayMulti-story building with a flat roof, central arched entryway, decorative facade detailing, and a front-facing balconyMulti-story masonry exterior featuring a flat roofline, parapet detailing, and integrated window air conditioning unitsAerial perspective of a dense urban environment featuring a mix of multi-story buildings and residential structures with mature landscapingAerial perspective of a rectangular-shaped lot featuring an expansive flat-roof structure, established mature tree canopy, and direct paved street froTextured stucco exterior wall featuring two double-hung windows with brown sills and an eight-meter electrical service panel configuration

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

  • Fire Sprinkler System
  • Security Fence
  • Smoke Detectors

All information furnished regarding property for sale, rental or financing is from sources deemed reliable, but no warranty or representation is made as to the accuracy thereof and same is submitted subject to errors, omissions, change of price, rental or other conditions, prior sale, lease or financing or withdrawal without notice. International currency conversions where shown are estimates based on recent exchange rates and are not official asking prices.

All dimensions are approximate. For exact dimensions, you must hire your own architect or engineer.