1631 NW 3rd St, Miami, FL 33125

3,840 sqft

Multi-Family Home
Built in 1925
7,405sqft lot
—— car garage
$417/sqft
Listed 11 days ago

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.

Listing Status:: Active
Date Added:: June 27, 2025 at 05:00AM
Listing Office:: Campos Commercial Real Estate LLC : 786-805-7408
Listing Agent:: Francisco Campos : 786-805-7408
MLS ID:: A11830222

Flooring: Tile

This listing courtesy of Francisco Campos, Campos Commercial Real Estate LLC

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Principal & Interest $
Property Taxes $
Home Insurance $
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Location

Schools Nearby

Mater Preparatory Academy

601 NW 12th Ave, Miami, FL, 33136

Grades KG-8

0.51 miles away

Sports Leadership and Management (Slam) Charter Middle School

604 NW 12th Ave, Miami, FL, 33136

Grades 6-8

0.49 miles away

Sports Leadership of Miami Charter High School

604 NW 12th Ave, Miami, FL, 33136

Grades 9-12

0.49 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.