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29977000
29977021

1320 SW 3rd St, Miami, FL 33135

RF
FL 3233005
Eleven Trust Real Estate Services
Eleven Trust Real Estate Services
Listed by Eleven Trust Real Estate Services
$1,500,000
119 days on market
Updated 23 days ago

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

RF
FL 3233005
Eleven Trust Real Estate Services
Eleven Trust Real Estate Services
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

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T4-L MixedMixed UseGeneral Urban Transect Limited
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Last updated May 25, 2026 For deeper zoning details, reports are available at Zoneomics

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Property History

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Tax History

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