Prime Sweetwater Assemblage – Income-Producing with Redevelopment Upside Rare opportunity to acquire a ±36,400 SF assemblage of duplex units in the highly sought-after Sweetwater submarket of Miami, adjacent to Florida International University. The property is currently fully leased, providing immediate and stable in-place income, while offering significant long-term upside through redevelopment. This unique offering allows a new owner to generate cash flow from day one while advancing plans for a higher and better use. The site’s scale and configuration make it well-suited for a variety of redevelopment options, including multifamily, student housing, or mixed-use, subject to zoning and approvals. Positioned in a rapidly evolving corridor, the property benefits from strong rental demand driven by proximity to FIU, major employment centers, and ongoing residential and commercial development throughout Sweetwater and West Miami-Dade.
Sweetwater Groves, located between the Florida Turnpike and SW 107th Avenue, is a residential and suburban Sweetwater neighborhood with canal-lined edges and low-rise streetscapes. The neighborhood’s character concentrates around the SW 8th Street (Tamiami Trail) corridor near SW 107th Avenue, where small storefronts, bakeries, and casual eateries set a steady, street-level rhythm. Housing reads as practical South Florida: modest single-family homes, duplexes, and small apartment buildings with driveways, carports, and shaded front yards. Canals and pocket greenspaces shape the geography, adding open sightlines and breezy walking loops. Florida International University nearby lends a weekday pulse to coffee stops and late lunches along Tamiami Trail. Commutes and errands tend to orbit the Turnpike ramps and the retail strips along SW 8th Street.
Provided by Walk Score and Local Logic
Offer insights
11002 SW 3rd St · $1,200,000
$1.18M and above
75% chance or better to win
Why $1.18M+ is a strong offer
DAYS ON MARKET
165 days
The average home goes pending in 98 days.
SALE-TO-LIST
96.6%
Most homes are selling 3% below list price.
About offer insights
Property details
Interior
Exterior
Finance
Interior features
Shingle roof
Exterior features
Less than quarter acre lot
Cable service available
Public sewer
Home design
Single-story
Block construction
Effective year built listed
Parking
4 total parking spaces
Construction
Block construction
Shingle roof
Utilities
Cable available
Public sewer
Electricity and solar
View estimated energy costs and solar savings for this home