About 1808 Sw 3rd St
Investors- Navigate to this cash flowing property in a historic area. The prime location is close to Calle Ocho and Brickell which has alot of new multi family development. The building is zoned mixed use and features 6x1/1 apartments and 1 convenience store. Gated access to top floor which features 4x1/1 apartments. 1 apartment in the front of the building and 1x1/1 at the rear. The store has a separate storage building with electric and privacy fence from the building common yard area. 40 year recertification is approved and recorded. No code violations and all units have separate meters. 1 water meter. 5x1/1 paying $1300 and 1x1/1 paying $1200. Convenience store paying $3000 and in process of negotiating higher. All units have leases. 7%+ cap rate. No seller financing. Contract to view.
Features of 1808 Sw 3rd St
| MLS® # | A11576545 |
|---|---|
| Price | $1,399,999 |
| Square Footage | 3,988 |
| Year Built | 1930 |
| Type | Residential Income |
| Sub-Type | Quadruplex |
| Style | Fourplex |
| Status | Active Under Contract |
Community Information
| Address | 1808 Sw 3rd St |
|---|---|
| Area | 41 |
| Subdivision | IDLEWILD PARK |
| City | Miami |
| County | Miami-Dade County |
| State | FL |
| Zip Code | 33135-1943 |
Amenities
| Utilities | Cable Available |
|---|---|
| Is Waterfront | No |
| Has Pool | No |
Interior
| Flooring | Tile |
|---|---|
| Heating | Wall Furnace |
| Cooling | Wall/Window Unit(s) |
| Fireplace | No |
| # of Stories | 2 |
| Stories | Two |
Exterior
| Roof | Other |
|---|---|
| Construction | Block |
| Lot Features | < 1/4 Acre |
| Sewer | Public Sewer |
Additional Information
| Date Listed | April 26th, 2024 |
|---|---|
| Days on Market | 12 |
| Zoning Description | 3900 |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |
| Rent Includes | Water |
| Operating Expenses | $27,100 |
| Year Built Details | Resale |
| Tax Annual Amount | $8,059 |
| Tax Year | 2023 |
| Buyer Agent Compensation | 2.5% |
Unit 1 Details
| Beds | 6 |
|---|---|
| Baths | 6.00 |
| Rent | $10,700 |
| Features | Parking:On-Street |
| Leased | Yes |
Listing Details
| Office | Navigate Real Estate, LLC. |
|---|