No photos available
Offered at
$18,500,000
931 SW 3rd Street, Miami, FL 33130
- 0
- Beds
- 0
- Full Baths
- 58,260
- Sq.Ft.
Listing courtesy of Mauricio Villasuso, Fausto Commercial Realty Consultants Inc
Property Description
Rare Urban Garden Apartment Community in the Heart of East Little Havana. Spanning 2.16 acres across twocontiguous parcels totaling 79 units and 58,260 SF of building area, this community offers operational scale, enduring land value, & a residential character difficult to replicate in Miami's urban core.Presenting a rare opportunity to acquire a 79-unit garden apartment community spanning 2.16 acres — an increasingly scarce combination of scale, land, & low-density residential character within Miami's urban core. Originally developed in 1947, the property consists of multiple residential structures in a garden- style setting distinguished by expansive open areas, mature landscaping, and generous green space. The property features a diversified unit mix of 29 two-bedroom residences, 46 one-bedroom residences, and 4 studio apartments, providing broad tenant appeal and durable leasing flexibility. The site's configuration and significant land component create a setting that is increasingly difficult to replicate under today's development conditions. With current in-place gross income of $1,336,754 and pro forma gross income of $1,990,800, the portfolio presents a compelling value- add opportunity with clear rent upside — units currently average below market, offering an investor a 5.93% pro forma cap rate. Residents benefit from convenient access to employment centers while remaining immersed in the culture, dining, and everyday conveniences that define Little Havana.
Overview
At a glance
- Property Type
- Commercial Sale
- Property Sub-Type
- Multi Family
- Address
- 931 SW 3rd Street, Miami, FL 33130
- Zoning
- T4-R
- MLS ID
- A12044485
- Listing Date
- 2026-06-17
- Last Updated
- 6/28/2026, 3:00:49 PM
- Days on Market
- 19
Features & Amenities
The Details
Details
- Building Area
- 58,260 sq.ft.
- Lot Size
- 94,134 sq.ft.
- Lot Size (Acres)
- 2.16 acres
- Year Built
- 1947
- County
- Miami-Dade
- Zoning
- T4-R
Financial
- List Price
- $18,500,000
- Original List Price
- $18,500,000
Location
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Learn More →Information & Accuracy
All information provided on this page is deemed reliable but is not guaranteed. Square footage, lot size, room dimensions, year built, taxes, and HOA figures are sourced from the MLS, the seller, or public records, and Aquantis Realty makes no representation or warranty as to their accuracy. All measurements and material facts should be independently verified by the buyer.