2014 SW 3rd St, Miami FL 33135

Closed

$2,500,000

7.41%

Est. Payment $13,306/mo

MLS Sheet Video

1971

Year Built

170

Days on Market

Description

Discover 2014 SW 3 ST, a meticulously maintained 9-unit apartment building in the heart of vibrant Little Havana. This stabilized asset, boasting 100% occupancy, presents a rare opportunity for investors to capitalize on significant rental upside. Currently achieving an average effective rent of $1,988, this property offers a clear path to a 19% increase, aligning with market rents of $2,300-$2,400 for 2/1 units. Proven Income Stream: Current gross monthly income of $17,900, with a current in place cap rate of 6.18%. Projected Growth: Potential gross monthly income of $21,150, resulting in a projected cap rate of 6.35% after reassessment of taxes and insurance, achievable through strategic rent adjustments.

Facts

MLS#: A11697955
Subdivision: —
Property Type: Commercial Sale
Property Sub Type: Income/MultiFamily
Year Built: 1971
Lot Size: 9,250 ft²
Sq. Ft.: —
Sq. Mt.: —
Price per sq. ft.: —
Price per sq. mt.: —
Stories: —
Garage: —
Pool: —
Days on Market: 170 days
Listed: Nov 12, 2024
Last Updated: May 2, 2025
Price/Lot Sq.Ft.: $270/ft²

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Market insights for Miami

Live MLS-derived activity. Forecast is a conservative rule-of-thumb estimate — not a guarantee.

Sellers market

May 2026

100/100

Buyers marketSellers market

Median days to sold

+4.5%

1-year price forecast (est.)

Price & tax history

From the live MIAMI MLS feed. Older history requires the ListingHistory resource (not yet enabled).

5/2/2025	Sold	$2,500,000
2/22/2025	Price change	$2,500,000-7.4%
11/12/2024	Listed for sale	$2,700,000

History reflects fields present on the live MLS record. Full multi-year history requires the MIAMI ListingHistory resource (not yet enabled).

Location

2014 SW 3rd St, Miami FL 33135Directions

GreatSchools Summary Ratings

Public + private K-12 schools within 5 miles of this listing.

High Reach Learning Center DBA Small World
KG · private · 0.2 mi
P.A.C.E. Center For Girls
6,7,8,9,10,11,12 · public · 0.3 mi
G-Star School Of The Arts
6,7,8,9,10,11,12 · charter · 0.4 mi
Atlantis Academy Palm Beaches
KG,1,2,3,4,5,6,7,8,9,10,11,12 · private · 0.5 mi
St. Luke Catholic
PK,KG,1,2,3,4,5,6,7,8 · private · 0.5 mi
St Luke School
PK,TK,KG,1,2,3,4,5,6,7,8 · private · 0.6 mi
ESE Other Teaching Services
PK,6,7,8,9,10,11,12 · public · 0.8 mi
Lake Worth Community Middle School
6,7,8 · public · 1.1 mi
Montessori Independent Learning Center
PK,KG,1 · private · 1.1 mi
Palm Springs Elementary School
PK,KG,1,2,3,4,5 · public · 1.1 mi

Estimated Monthly Payment

$15,539/mo

Principal & Interest

$13,306

Property Tax

$2,083

Insurance

$150

HOA

Down Payment20% ($500,000)

Interest Rate7.00%

Loan Term30 years

Property Tax Rate1.00% (FL avg ~1.0%)

HOA / Maintenance$0/mo

Insurance$150/mo

Estimates only. Actual payment depends on credit, lender, insurance carrier, and FL/Miami-Dade specifics. Contact Rangely for a precise quote.

Rangely Adames

Sales Associate | Sunland Group

(954) 833-0020 info@rangelyadames.com

Hablo Español

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