3711 SW 27th Terrace, Miami, FL

New Listing
$2,900,000
Property Type: Commercial Sale Square Footage: 3,980 Status: Active
Current Price: $2,900,000 List Date: 9/28/2026 Last Modified: 9/28/2026

Overview

Description

Two-building, five-unit multi-family package in Gables Manor / Coral Way. 3711 and 3721 SW 27th Terrace, Miami, sold together. Combined living area 3,980 SqFt. Combined lot 13,722 SqFt. Actual rent $189,600 per year. Expenses $48,200. NOI $141,400. Cap rate 4.88% at $2,9mn. 3711 is a 2-story, 2,428 Sqft, 3-unit income property with a pool. 3721 is a 2-story, 1,552 Sqft duplex. Approximately 9 On-site parking. Cash or conventional. Close to Coral Way, Coral Gables, dining, and major highways. Request the offering memo.

Listing Details MLS# B26081463

General Property Information

Number Of Buildings
2
Property Sub Type
Multi Family
Number Of Units Total
5
Price Per Unit
580000
Occupant Type
Tenant
Building Area Main
3980
Building Area Source
Owner
Adjusted Area Main
3980
Year Built
1947
Parking Total
9
Lot Size Area
13722
Lot Size Acres
0.32
Accessibility Features YN
No
Stories Total
2
Stories
2
Leasable Area
3980

Property Features

Ceiling: Drywall Documents Available: Aerial Photo(s); Investment Analysis; Owner Managed; Rent Rolls Electric: Separate Meters Fencing: Back Yard; Fenced Flooring: Tile Heating: Central; Central Building; Central Individual; Electric; Separate Meters Parking Features: Common; Free; Guest; On Street; Shared Possession: Close Of Escrow Property Condition: Resale Sale Includes: Building; Fixtures; Land Special Listing Conditions: Standard Zoning Information: Use Conforms To Zoning Source Of Expenses: Owner Provided Construction Materials: Concrete Block - With Stucco Cooling: Central Air; Central Building; Central Individual; ENERGY STAR Qualified Equipment Listing Terms: Cash; Conventional; FHA; VA Loan Road Responsibility: Public Maintained Road Road Surface Type: Paved Roof: Shingle; Tile Security Features: Carbon Monoxide Detector(s) Sewer: Public Sewer Utilities: Cable Available; Electricity Connected; Phone Available; Sewer Connected; Water Connected Water Source: Public Showing Requirements: Appointment Only; Call Listing Agent Acreage Description: 1/4 To Less Than 1/2 Acre Lot; Less Than 1 Acre Lot

Contract Information

Comp Sale YN
No
Original List Price
2900000
Negotiable Seller Concessions YN
No
Listing Service
Full Service
Seller Represented YN
Yes

Location and Legal

Country
United States
County Or Parish
Miami-Dade
Street Number
3711
Street Direction Prefix
SW
Street Name
27th
Street Suffix
Terrace
Municipality Type
Incorporated
Municipal Code
01
State Or Province
FL
Postal Code
33134
Postal Code +4
7223
Area
2410
Geographic Area
DADE
Parcel Number
0141170010350
Subdivision Number
Yes
Zoning
5700
Flood Zone
X
Building Name
3721-3723 & 3711-3713 SW 27th Terrace
Property Description
MULTIFAMILY 2-9 UNITS

Financial Information

Tax Annual Amount
24000
Tax Year
2025
Tax Assessed/SOH Value
653526
Tax Legal Description
17 54 41 GABLES MANOR SUB PB 47-36 LOT 8 BLK 3 LOT SIZE 60.000 X 115 OR 20393-4033 05/2002 1 COC 24317-3769 03 2006 5
Assessor Market Value
653526

Status Change Information

Major Change Timestamp
2026-09-28T18:04:07Z
Major Change Type
New Listing
Status Change Date
2026-09-28

More Information

Distance To Information

Miles to Beach
5
Miles to Expressway
3

Meter Information

Separate Electric Meters YN
Yes
Number Of Separate Electric Meters
4
Separate Gas Meters YN
No
Separate Water Meters YN
Yes
Number Of Separate Water Meters
2

Income and Expenses

Annual Total Expense
48200
Gross Income
189600
Net Operating Income
141400

Unit Details

Number Of Units Leased
5

Description of Unit Type 1

Unit Type
3 Bedroom
Units Total
Yes
Full Baths
2
Annual Rent
72000

Description of Unit Type 2

Unit Type
2 Bedroom
Units Total
3
Full Baths
Yes
Annual Rent
93600

Description of Unit Type 3

Unit Type
1 Bedroom
Units Total
Yes
Full Baths
Yes
Annual Rent
24000

Originating Details

Originating System Key
20260928162911070485000000
Originating System ID
M00000170
IDX
Listing Office: Real Broker LLC
Source MLS Verified
Last Updated: September - 28 - 2026
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