871 SW 3rd St, Miami, FL
About this property
871 SW 3rd Street is a 100% occupied, 24-unit multifamily investment in East Little Havana. All 24 one-bedroom, one-bath apartments are leased at an average in-place rent of $1,685 per month: income from day one, no lease-up, no downtime. The existing financing is assumable at a rate below 6% with about four years remaining, so a buyer steps into in-place debt. The 40-year recertification is complete. East Little Havana is one of Miami's most vibrant, culturally rich neighborhoods, set between the Little Havana core and Brickell, minutes from Downtown Miami and the Miami River. Steady demand for well-located workforce housing keeps occupancy high. Asking Price: $5,400,000 ($225,000 per unit). 5.92% cap rate on reassessed NOI.
Property facts
- Sqft
- 11,700
- Year Built
- 1925
- Location
- Miami, FL 33130
- County
- Miami-Dade County
- FEMA flood zone
- Zone AE, special flood hazard area
- Base flood elevation
- 9 ft (NGVD29)
- Ground elevation
- 4.2 ft
- Hurricane evacuation zone
- Zone B
- Distance to the coast
- 1.3 mi
Sources: FEMA National Flood Hazard Layer (panel 12086C0314L, effective 2009-09-11), USGS 3DEP, Florida Division of Emergency Management, OpenStreetMap coastline. Checked 2026-10-03. Public map data looked up at this location, not a survey or an insurance quote. Confirm with an elevation certificate, the county and your insurer.
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Interested in this property?
Contact Anthony Conners at Atlantic Commercial Advisors to schedule a showing or learn more.