Listed by Eleven Trust Real Estate Services
$1,500,000
Paradise on 3rd St.
Details
APN 01-4102-006-3610
Property Type Multifamily
Sub Type Apartment Building
Square Footage 5,033
Net Rentable (SqFt) 4,095
Units 5
Cap Rate 6.51%
NOI $97,599
Occupancy 100%
Pro-Forma Cap Rate 7.23%
Pro-Forma NOI $108,418
Price per SqFt $298
Year Built 1977
Buildings 1
Stories 2
Lot Size (SqFt) 7,500
Zoning T4-L
Multifamily | 5 Units | $300,000/unit
Marketing description
Paradise on 3rd - 1320 Southwest 3rd Street, Miami, FL 33135
Discover this gem in Little Havana, Miami - the vibrant hub where Hispanic culture blends with modern city living. Paradise on 3rd presents a rare investment opportunity for a 5-unit multifamily property, nestled on a 7,500 sq. ft. lot zoned T4-L.
Built in 1977, this beautifully constructed two-story building boasts a mix of (3) 2-bed/1-bath and (2) 3-bed/2-bath apartments. Each unit features spacious living areas, elegant tile flooring, and ample natural light. The property offers convenient on-site parking and laundry facilities, ensuring a comfortable lifestyle for tenants.
Little Havana's allure lies in its cultural richness and proximity to Downtown Miami's exciting developments, making it a sought-after destination for residents and investors alike. Don't miss the chance to own a piece of Paradise on 3rd, where prime location meets great investment potential in the heart of Miami.
Listing Contacts
Listed by Eleven Trust Real Estate Services
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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$97,599.00
$8,133.25/mo
Valuation Metrics
0
DSCR
6.51%
Cap Rate
6.51%
ROI
Map
Zoning
T4-L MixedMixed UseGeneral Urban Transect Limited
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View all 49 uses
View all 49 uses Last updated May 25, 2026 For deeper zoning details, reports are available at Zoneomics
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