3499 SW 1st Ave, Miami, 33145

  • $999,000

Listing UP for Sale

Miami

Overview

Property ID: A11657253
  • Property Type
  • Triplex
  • 2498
  • sqft
  • 1940
  • Year Built

Description

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.

  • Address 3499 SW 1st Ave
  • City Miami
  • State/county Florida
  • Zip/Postal Code 33145
  • Area Miami-dade County

Details

Updated on September 22, 2024 at 2:00 pm
  • Property ID: A11657253
  • Price: $999,000
  • Property Size: 2498 sqft
  • Year Built: 1940
  • Property Type: Triplex
  • Property Status: Listing UP for Sale

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Jason Smith
  • Jason Smith