Railway Shops, 315 NW 50th St Miami, 33127

980,000(-13.37% )
$849,000Price
3Beds
3Baths
1,189SqFt

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Details

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Status:
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Parking: 2
Size: 1,189 ft2 / 110 m2
Price: $714 ft2 / $7,686 m2
Built: 1924
MLS Number: A11687650
View: None
On Site: 17 Days
Updated: 9 Days ago
Page Views: 0
The living area is more than what records show, totaling 2,090 sqft. Ideally located east of i-95 and south of 54th street, this is a prime investment opportunity in one of miami’s most sought-after neighborhoods, minutes from wynwood and the design district. The property features a 2-bed, 2-bath main house with additional space that could be converted into a 3rd bedroom, plus a studio with one bathroom in the back for rental income or guests. Equipped with a brand new ac unit and hurricane impact windows throughout, this property has incredible potential for future development, including multi-family construction. A rare chance to own in an expanding area with amazing returns!
Features
Bedrooms
Bedrooms: 3
Bathrooms
Bathrooms: 3
Half Bathrooms: No info
Exterior and Lot Features
Exterior Features: Fence
View: None
Price History
11/12/2024

Date

Price Reduced

Event

$849K

Price

-13.37%

Change Rate

$406 ft2 / $4,373 m2

Price Per

11/04/2024

Date

Listed

Event

$980K

Price

$469 ft2 / $5,047 m2

Price Per

Price per square foot and days on website are not provided values and are calculated by Subdivisions.

Listed by Ana SalazarAvanti Way Realty LLC • Buyer Agency Compensation .

Instant Comparative Market Analysis
$200/ft²
$400/ft²
$700/ft²
$900/ft²

Unit 315 NW 50th St – Asking

$714/ft²

(+14%) from Closed Avg. $/ft²

Closed Avg. $/ft²

$629/ft²
Community $/Price Range (Closed) $346/ft² – $788/ft²
UnitBed/BathSize SqFt$/SqFtExposureViewSoldClosed Date
424 NW 53rd St1/31,172$640NorthGarden$750,0009/30/2024
551 NW 50th St1/21,036$618SouthGarden, None$640,0006/13/2024
Bed/Bath: 1/3Size SqFt: 1,172$/SqFt: $640Exposure: NorthView: GardenSold: $750,000Closed Date: 9/30/2024
Bed/Bath: 1/2Size SqFt: 1,036$/SqFt: $618Exposure: SouthView: Garden, NoneSold: $640,000Closed Date: 6/13/2024
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