3499 SW 1st Ave

Miami,FL 33145

$ 869000

- Bed

0 Bath

2498 SqFt


Key Details

Property Type Multi-Family

Sub Type Triplex

Listing Status Active Under Contract

Purchase Type For Sale

Square Footage 2,498 sqft

Price per Sqft $347

Subdivision East Shenandoah

MLS Listing ID A11657253

Construction Status Resale

HOA Y/N No

Year Built 1940

Annual Tax Amount $10,165

Tax Year 2023

Contingent No Contingencies

Property Description

2 Detached Buildings in The Roads area (one behind the other)! Keep as rentals with $7,500 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 house with a private backyard, offering potential for expansion & market rental income of $3,500/month. The front house features a 2 bed/1 bath main unit plus an attached 1 bed/1 bath studio, currently rented for $2,700 & $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.

Location

State FL

County Miami-dade

Community East Shenandoah

Area 41

Interior

Heating Central

Cooling Central Air

Flooring Ceramic Tile

Exterior

Pool None

Utilities Available Cable Available

Waterfront No

Roof Type Barrel

Total Parking Spaces 5

Building

Lot Description < 1/4 Acre

Story 1

Sewer Public Sewer

Water Public

Level or Stories One

Structure Type Block

Construction Status Resale

Others

Tax ID 01-41-39-007-0200

Acceptable Financing Cash,Other

Listing Terms Cash,Other

Special Listing Condition Listed As-Is

View More
Favorite Go Tour