3711 SW 27th Terrace, Miami FL
$2,900,000 · $729 per sq ft · Multifamily for sale
- Property type: Multi Family
- Asking price: $2,900,000
- Price per sq ft: $729
- Building size: 3,980 sq ft
- Lot size: 13,939 sq ft
- Zoning: 5700
- Year built: 1947
- Units: 5
- Stories: 2
- Net operating income: $141,400/yr
- Cap rate: 4.9%
- Buildings: 2
- Parking spaces: 9
- Units leased / vacant: 5 leased · — vacant
- Parcel ID: 0141170010350
- MLS#: B26081463
About this property
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.
Video Tour
Building Features and Utilities
- Cable Available
- Electricity Connected
- Phone Available
- Sewer Connected
- Water Connected
- Concrete Block - With Stucco
Rent Roll
| Unit type | Units | Beds / baths | Size | Rent per unit | Pro forma |
|---|---|---|---|---|---|
| 3 Bedroom | 1 | 3 / 2 | — | $6,000/mo | — |
| 2 Bedroom | 3 | 2 / 1 | — | $7,800/mo | — |
| 1 Bedroom | 1 | 1 / 1 | — | $2,000/mo | — |
5 units. Reported rent $376,800 a year ($31,400 a month).
Unit types and rents as the listing reports them in the MLS. Ask the listing broker for the leases and the trailing twelve months before you rely on them.
Operating Statement
| Gross income | $189,600/yr |
|---|---|
| Property taxes | $24,000/yr |
| Total operating expenses | $48,200/yr |
| Net operating income | $141,400/yr |
| Cap rate at asking price | 4.9% |
Income and expenses as the seller entered them in the MLS, not verified. A buyer's lender underwrites from the actual statements and the property tax and insurance a new owner will pay.
About the Business at 3711 SW 27th Terrace
- Included: Building, Fixtures, Land
Presented by
BreakThru Realty · (786) 914-1017
Courtesy of
Real Broker, LLC · flbroker@therealbrokerage.com · Listing agent: Richard M DiPietro
All listings featuring the BMLS logo are provided by BeachesMLS, Inc. This information is not verified for authenticity or accuracy and is not guaranteed. Copyright © 2026 BeachesMLS, Inc. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by BeachesMLS. Listings held by brokerage firms other than BreakThru Realty carry the name of the listing broker.
Request a tour or more information
Call or text BreakThru Realty at (786) 914-1017 or email sales@breakthrurealty.com to tour 3711 SW 27th Terrace or to ask for what the listing leaves out: the rent roll, the leases and the operating statements.
Questions About 3711 SW 27th Terrace
- How much is 3711 SW 27th Terrace?
- 3711 SW 27th Terrace is listed at $2,900,000, about $729 per square foot of building. Ask for the rent roll, the existing leases and the operating statements: for an income property those, more than the asking price, show what the building is worth.
- What is the cap rate on 3711 SW 27th Terrace?
- The listing reports net operating income of $141,400 a year, a cap rate of about 4.9% at the $2,900,000 asking price. Seller-reported income is a starting point: verify it against the rent roll, the leases and the operating statements during due diligence.
- What is 3711 SW 27th Terrace zoned?
- The listing reports zoning of 5700. Permitted uses, parking and signage are set by the city or county zoning code, so confirm your intended use with the local zoning office before you close.
- How big is 3711 SW 27th Terrace?
- The listing reports 3,980 square feet of building.
- When was 3711 SW 27th Terrace built?
- 3711 SW 27th Terrace was built in 1947. For an older commercial building, ask about the roof, the HVAC and electrical systems, fire and life-safety compliance and whether a county building safety recertification is due.
- What are the property taxes on 3711 SW 27th Terrace?
- The listing reports annual property taxes of $24,000 for 2025. Florida reassesses a non-homestead property after it sells, so budget for the new owner's bill rather than the current one.
- How do I tour 3711 SW 27th Terrace?
- Request a tour from this page or call BreakThru Realty. A licensed agent will arrange access with the listing broker and ask for what the listing leaves out, such as the rent roll, the leases and the operating statements.
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