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.
Property Details
Price:
$999,000
MLS #:
A11657253
Status:
Active Under Contract
Beds:
0
Baths:
0
Address:
3499 SW 1st Ave
Type:
Multi Family
Subtype:
Triplex
Subdivision:
EAST SHENANDOAH,THE ROADS
Neighborhood:
East Shenandoah
City:
Miami
Listed Date:
Sep 13, 2024
State:
FL
Finished Sq Ft:
2,698
Total Sq Ft:
2,698
ZIP:
33145
Year Built:
1940
See this Listing
CENTURY 21 Carioti is a full service real estate company servicing the State of Florida with a headquarters in Orlando, FL.
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Schools
Interior
Cooling
Central Air
Flooring
Ceramic Floor
Heating
Central
Exterior
Architectural Style
Detached
Parking Spots
5
Roof
Barrel Roof
Financial
Tax Year
2023
Taxes
$10,165
Map
Community
- Address3499 SW 1st Ave Miami FL
- SubdivisionEAST SHENANDOAH,THE ROADS
- CityMiami
- CountyMiami-Dade County
- Zip Code33145
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Courtesy of Keller Williams Capital Realty. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the Miami, FL. Detailed information about real estate listings held by brokerage firms other than CENTURY 21 Carioti include the name of the listing broker. Neither the listing company nor CENTURY 21 Carioti shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2024. Miami, FL. All rights reserved.
3499 SW 1st Ave
Miami, FL
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