New Listing - 09/13/2024 Price Reduced 13.13%

$999,000 ($399.92 per sqft)

Est. Mortgage $4,856/mo *

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Price History

$1,150,000
9/13/2024

$999,000
9/18/2024

3499 SW 1st Ave, Miami, FL, 33145

3499 SW 1st Ave, Miami, FL, 33145
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1940

2,498 sqft

Multi-Family Opportunity in The Roads! Keep as a rental with $8,000 monthly income until you're ready to build (2) Luxury Townhomes. Recent comps for townhomes are $2 million each! The numbers work! Sell out is almost 4X the purchase price! The property boasts a detached 2 bed/2 bath back unit with a private backyard, offering potential for expansion & currently rented for $3,000, well below market value. The front house features a 2 bed/1 bath main unit plus an attached 1 bed/1 bath studio, rented for $2,800 & $1,300 respectively. Both units have updated bathrooms, soundproof windows/doors & hurricane-proofing. Separate electric & water meters. Located near major highways & prestigious neighborhoods like Vizcaya, Coconut Grove & Brickell, this property offers tremendous potential.

Status:

Active

Type:

Multi-family

Zoning:

5700

Subdivision:

EAST SHENANDOAH

Heating:

Central

Cooling:

Central Air

Parking:

5-car

Est. Taxes:

$10,165

Construction

Block

Utilities

Cable Available

Lot Description:

< 1/4 Acre

Days on Market:

5

Pool:

None

MLS #:

A11657253

Community Info

School Info

Walk Score

Yelp

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Listing courtesy of Keller Williams Capital Realty Phone: 305-662-7325