Closed

East Shenandoah, 3499 SW 1st Ave Miami, FL 33145

$870,000Price
2,498SqFt

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Details

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Status:
Sold
Size: 2,498 ft2 / 232 m2
Price: $348 ft2 / $3,749 m2
Type: Multi Family
Built: 1940
MLS Number: A11657253
On Site: 241 Days
Updated: 186 Days ago
Page Views: 0
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.

Features

Bedrooms
Bathrooms
Exterior and Lot Features

Price History

11/06/2024

Date

Sold

Event

$870K

Price

0.12%

Change Rate

$348 ft2 / $3,749 m2

Price Per

10/15/2024

Date

Price Increased

Event

$869K

Price

2.36%

Change Rate

$348 ft2 / $3,745 m2

Price Per

10/15/2024

Date

Price Reduced

Event

$849K

Price

-15.02%

Change Rate

$340 ft2 / $3,658 m2

Price Per

09/18/2024

Date

Listed

Event

$999K

Price

$400 ft2 / $4,305 m2

Price Per

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

Listed by Jason SmithKeller Williams Capital Realty • Buyer Agency Compensation .

Instant Comparative Market Analysis

$200/ft²
$400/ft²
$700/ft²
$1,000/ft²

Unit 3499 SW 1st Ave – Asking

$348/ft²

(-37%) from Closed Medium $/ft²

Closed Medium $/ft²

$551/ft²
Community $/Price Range (Closed) $339/ft² – $835/ft²
No Comparable Units Found: We couldn't locate comparable properties at this time. Contact us for a FREE, no-obligation Comparative Market Analysis (CMA) from a licensed RE advisor.
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