2951 SW 1st Ave $2,390,000

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    2951 SW 1st Ave Miami, FL 33129

    • 0 Beds
    • 0 Baths
    • 0 sq.ft.
    • Residential Income
    MLS# A10557382 | Active

    $2,390,000

    Market Estimate
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    Days On Market: 90 0 Views
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    Property Details

    Unique Opportunity to purchase an income producing multifamily (7% Cap rate approximately), consisting of three buildings & two folios (2941 & 2951). The buildings were built on two adjoining lots (2 separate folios) zoned as T4-R and totaling 16,424 sq. ft. and 6,809 adj. sq. ft. of living area. The properties show as 3 buildings with 9 units in the Miami-Dade tax rolls but has been operating in a Non-conforming use as 13 units: 3 units (2/1), 6 units (1/1) & 4 studios. The 3 buildings are two story with central A/C & wall units. All units have been upgraded with newer kitchens & baths. One assigned parking space for all 13 units & 2 assigned parking spaces for visitors (15 total parking spaces) + street parking. Currently 100% occupied. Newly installed accordion shutters. Sale AS IS.

    • General Features
      • Year Built 1946
      • Year Built Description Resale
      • County Or Parish Miami-Dade County
      • REO 0
      • Short Sale 0
    • Building Features
      • Cable Available 1
      • Construction Type CBS Construction
      • Cooling Description Central Cooling
      • Floor Description Tile Floors, Wood Floors
      • Heating Description Central Heat
      • Number of Parking Spaces 15
      • Number of Stories 2.0000
      • Roof Description Shingle Roof
      • Sewer Description Municipal Sewer
      • Style Fourplex
    • Property Features
      • Approximate Lot Size 16424
      • Lot Description 1/4 To Less Than 1/2 Acre Lot
      • Waterfront Property 0
      • Water Description Municipal Water

    Contact

    Cristian Cardenas

    Sales Associate

    Miami Beach

    Mobile Phone: 305-510-1679

    Neighborhood

    33129 (Miami) Demographics

    42Median Age
    9,311Population Density (per sq. mile)
    70%College Educated
    $73,306Estimated Median Income
    3,041Estimated Total Home Owners
    3,103Estimated Total Renters
    50% / 51%Estimated Owner / Renter Divide
    3Estimated Average Household Size
    12,579Total Population

    Market Last 30 Days

    $287,500 Median Sales Price
    10 Homes Sold
    43 New On Market

    Average Days on Market

      Properties for Sale

        Property History

        Date Event Price Percent Change
        -- Current Price Source New Value: $2,390,000
        10/18/2018 6:12:00 PM New in Database Source

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