Antoinette Bressler - Arterra Realty Logo
$18,500,000
 $99,312 est/mo Sourced by Back At You

931 SW 3rd Street,Miami, FL 33130

Miami, FL 33130

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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.

Details

MLS #A12044485
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Year1947
Days On Site118
Listing Provided ByFausto Commercial Realty Consultants Inc | Mauricio Villasuso

Features

SQ Feet58,260
ZoningT4-R
Acreage2.16

Area Information

StateFL
CountyMiami Dade
CityMiami
Zip Code33130
Area2410
Listing VS Median (in 33130)
Price:
$18,500,000
low | high
Med:
$9,200
100% of Average
sqft:
58,260
low | high
Med:
1,675
100% of Average
$ / sqft:
$318
low | high
Med:
$5
100% of Average
On site:
118
low | high
Med:
68
100% of Average
Sourced by Back At You

Market Activity 33130

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Learn More About This Property

Antoinette Bressler

Antoinette Bressler

Arterra

 (586) 441-0896antoinette@arterraluxe.com
StateFL
CountyMiami Dade
CityMiami
Zip Code33130
Area2410
Listing VS Median (in 33130)
Price:
$18,500,000
low | high
Med:
$9,200
100% of Average
sqft:
58,260
low | high
Med:
1,675
100% of Average
$ / sqft:
$318
low | high
Med:
$5
100% of Average
On site:
118
low | high
Med:
68
100% of Average
Sourced by Back At You
Listing Updated: September 29, 2026 at 12:44:46 AM PDT