1320 SW 3rd St

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1320 SW 3rd St

Miami, FL 33135
Asking Price
$1.50M
Asset Type
Multifamily
Class
Class B

What's Special

1320 SW 3rd St is located in Miami’s Little Havana neighborhood, situated just west of the Brickell financial district. The area is characterized by a mix of historic residential architecture and mid-rise developments. Residents have access to local retail corridors along SW 8th Street and several community parks within walking distance. The location offers proximity to major transit routes, including I-95 and the Dolphin Expressway, providing direct connectivity to downtown Miami, Coral Gables, and Miami International Airport. This multifamily property is suited for rental housing targeted at the local workforce and professionals commuting to nearby employment hubs. The neighborhood typically attracts long-term residents and young professionals seeking an urban living environment with lower density than the neighboring high-rise districts. Given the site’s zoning and location, the asset is positioned for consistent residential occupancy or potential value-add repositioning to meet the area’s demand for updated market-rate housing.

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NOI
$80,000
Cap Rate
5.33%
DSCR
0.90
Underwater
Cash-on-Cash
-2.01%
Monthly Payment
$7,421.182
Annual Cash Flow
$-9,054.179

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