Brickell Riverview Multifamily Homes For Sale

Exceptional opportunity to acquire a fully renovated legal 5-unit multifamily property in the heart of little havana. Featuring a desirable mix of spacious 3/1 and 2/1 units, the property has been thoughtfully updated with modern finishes and upgraded systems, minimizing maintenance and maximizing tenant appeal. Ideally located just minutes from downtown and brickell also to mention its close to the miami river, this turn-key asset offers immediate cash flow with strong rental demand and long-term upside in one of miami’s most dynamic rental markets. Financing options are now available.

Alerio group is proud to exclusively present 870 sw 3rd street, a boutique 4-unit multifamily property located in the heart of little havana. This meticulously maintained asset features four 2-bedroom, 1-bath units, currently rented at $2, 250 x 3 and 1x @ $2225, delivering high in-place income at a 5.5% cap rate with upside potential. The property has undergone extensive upgrades both inside and out. All of the unit interiors have been fully remodeled and include impact windows, a new roof, central air conditioning in all units, six on-site parking spaces, new asphalt paving, a new fence including dumpster enclosure, and new railings. All work was done with permits. Additional income is generated through on-site coin-operated laundry (1 new washer / 1 dryer). Designed for ease of ownership, this low-maintenance building is simple to manage and offers the ability to further increase rents. All tenants are secured with annual leases except one mtm lease. Located in one of the strongest rental markets in the country, this little havana multifamily asset offers durable cash flow, inflation resistance, and long-term appreciation potential. This offering will not last.

Location, location! Brickell riverview subdivision. This property is zoned t4-r multifamily, providing a versatile range of residential functions by right. Whether you are looking to maintain the current duplex or maximize the lot's footprint, the zoning supports: multi-family housing, two-family residence, community residence, ancillary dwelling units. Secure a high-value asset in the rapidly appreciating brickell riverview area. Offering a rare combination of immediate rental income and massive future development upside. Disclaimer: all information provided regarding zoning (t4-r), square footage, and potential land use is deemed reliable but not guaranteed. Buyer is responsible for performing their own due diligence and verifying all zoning regulations, buildability, and property lines with the city of miami and professional consultants (architects/surveyors) prior to purchase. Property sold "as-is".