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$ 2,050,000
Est. payment /mo
Price Dropped by $250K
2825 SW 3rd Ave Miami, FL 33129
2,280 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 2,280 sqft
Price per Sqft $899
MLS Listing ID 11665801
Year Built 1951
Annual Tax Amount $29,382
Tax Year 2025
Property Description
The property consists of a 2,280 SF building situated on a 6,250 SF lot in the Brickell Estates subdivision. Originally built in 1951 with improvements added in 1990. It features six studio/1-bath units, all currently occupied with strong rental demand driven by the prime location. The municipal zoning is T6-8-O and the PA zone is 6100 (Commercial-Neighborhood), offering potential for future redevelopment under Miami 21 code. The property is 100% occupied by six tenants generating $9,725 per month in gross rental income. The unit mix consists entirely of studio/1-bath apartments averaging $1,621/month, which remains competitive for the Brickell/Coral Way corridor. Recent lease-ups in mid-2025 at $1,625-$1,700/month confirm strong market demand and upward rent trajectory.
Location
State FL
County 12086
Rooms
Dining Room 0
Kitchen 0
Building
Story 1
Sewer Municipal
Structure Type Masonry - Concrete Block
Others
Virtual Tour https://www.propertypanorama.com/instaview/mia/A11974831