329 SW 9th Ave, Miami, FL 33130

• 3,380 sqft

Property Description

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 Section 8 tenant with an 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.

Listing Status:

Active

Date Added:

February 5, 2026

Data Last Updated:

February 10, 2026 at 7:07AM

Listing Office:

Pellego, LLC : 561-414-4614

Listing Agent:

Richard Collar : 786-301-9051

MLS ID:

A11959419

Interior

• General: Stairs
• Flooring: Vinyl
• A/C: Central AirElectric
• Heating: CentralElectric

Exterior

• General: Balcony

Construction

• Roofing: Shingle
• Windows: Clear Impact GlassComplete Impact GlassHigh Impact WindowsImpact Glass
• General: CBS Construction2

Location

• Originating MLS: Miami Association of REALTORS®
• County: Miami-Dade County

Lot

• Zoning: 390038 54 41 BRICKELL RIVERVIEW PB 5-43 N50FT LOTS 11 - 12 BLK 28 LOT SIZE 5000 SQUARE FEET OR 16319-0596 0393 401-41-38-003-3960
• Fencing: Fenced

Utilities

• Water: Municipal Water
• Sewer: Public Sewer

Financial

• Source: Miami Association of REALTORS®