Home » Miami » 3499 SW 1st Ave, Miami, FL 33145 | A11657253

Triplex Sold 3499 SW 1st Ave, Miami, FL 33145

$869,000
closed for a price of $870,000

Property Highlights

Listing ID A11657253 Status of this Listing: Closed Sold Property Type Residential Income (Multifamily 2-4) Triplex Living Space 2,498 Sqft/232.07 m2 approx. Building Area 2,698 Sqft/250.65 m2 approx. Year Built 1940 Time of this property from published date until Closing Date 54 Days

3499 SW 1st Ave, Miami, FL 33145

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.

Useful Info

Contingency:No Contingencies
Previous Asking Price:$849,000
Original List Price:$1,150,000
Close Price:$870,000
If Bank REO, Short Sale, As Is, etc.:
  • Listed As-is

Lease Details

Rent Includes:
  • Sewer
  • Trash Collection

Land Lot (Parcel) Details

Lot Features:
  • < 1/4 Acre
Lot Size Unit:Square Feet

Construction

Builder Model:THE ROADS
Year Built Details:
  • Resale
Levels:One
Construction Materials:
  • Block
Flooring:
  • Ceramic Tile
Stories:1
Possible Use:
  • Investment

Property Features

Waterfront:No
Roof:
  • Barrel
Air Conditioning:Yes
Air Conditioning System:
  • Central Air
Heating:Yes
Heating System:
  • Central

Taxes and Expenses

Tax Annual Amount:$10,165

Property Tax Notice for Buyers: Do not rely on the current property taxes paid by the seller, as your tax liabilities may increase following the sale. Transferring ownership or making improvements to the property often triggers tax reassessments, which could raise the amount you owe. If you have questions regarding property valuation, please contact the County Property Appraiser’s Office.

Tax Year:2023
Property Tax Status:Tax Reflects Homestead Tax

Terms

Listing Terms Considered by Seller:
  • Cash
  • Other
Occupant Type:
  • Tenant
Buyer Possession:
  • Closing & Funding
  • Close Of Escrow
Buyer Financing:
  • Cash
Lease Considered:No

Community

Subdivision Name:EAST SHENANDOAH
Senior Community:No
Development Name:THE ROADS

Parking

Parking Total Spaces:5
Covered Spaces:0

Utilities

Sewer:
  • Public Sewer
Utilities Available:
  • Cable Available
Water Source:
  • Public

More Details

Other Information:
Tax InformationTax Reflects Homestead Tax
Flood ZoneX
Type of AssociationNone
StyleTriplex
FEMA Flood Zone DesignationsX
Municipal Code1
Ref1086632749
Subdivision Number7
Buyer Country of ResidenceUSA
Buy StateFlorida

Zoning and Legal

Tax Legal Description:EAST SHENANDOAH PB 14-55 LOTS 46 & 47 BLK 47 LOT SIZE 50.000 X 150 OR 11011-1525 0281 1 COC 25620-3227 05 2007 1
Real Estate Folio Number (Parcel Number):01-41-39-007-0200
Zoning Description:5700
Public Survey Township:1
Public Survey Range:41
Public Survey Section:39

Listing History

Update/EventDate/Days
Published Date:September 13, 2024 3:35 pm
On Market Date:September 13, 2024
Close Date:November 6, 2024
Price Change Date Time:October 15, 2024 8:28 pm
Last Important Update Description:Closed
Date and Time of Last Important Update:November 7, 2024 12:31 pm
Status Last Changed:November 7, 2024 12:31 pm
Photos Last Modified:October 3, 2024 11:47 pm
Last Modified:November 7, 2024 5:31 pm
Days on the Market Reference Date:November 7, 2024
Days on the Market (updated on Last Modified*):34
Cumulative Days on the Market (updated on Last Modified**):194

Additional Information

Lot Size Range:Less Than 1/4 Acre Lot
Number of Photos:22
Location:,,Less Than 1/4 Acre Lot
Included:,,
Area:41
Courtesy of:Keller Williams Capital Realty
Universal Property Id:US-12025-N-0141390070200-R-N

Location

Show Property Address:Yes
Street Name:1st Ave
Street Number:3499
Street Direction Prefix:SW
Street Address:3499 SW 1st Ave
City : Miami
State : Florida
Zip Code : 33145
County : Miami-Dade
Full Address:3499 SW 1st Ave, Miami, FL 33145
Latitude:N25° 44' 55.2''
Longitude:W81° 47' 4.7''

Neighborhood

Postal City:Miami

Property Map