Closed

Miami Suburban Acres, 3690 SW 23rd Ter, Miami, FL 33145

2,500,000(-26% )
$1,850,000Price
2,428SqFt

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Details

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Status:
Sold - Mar 14, 2024
Size: 2,428 SqFt (226 m2)
Price: $762/SqFt ($8,202/m2)
Type: Multi Family
Built: 1950
MLS Number: A11360739
On Site: 863 Days
Updated: 504 Days ago
Page Views: 0
Great investor/developer opportunity. Well-maintained duplex on a 14,000 sf lot, located just blocks to shopping & dining on miracle mile in coral gables and close to the bayfront community of coconut grove. Current structure offers 2 rentable units (one is a 2br/2ba and the other a 2br/1ba). Both units are currently tenant occupied at below market rental values. Potential for rental income or for future development of multi-family structure. The lot is zoned t6-8-o (able to build a max of 48 units). Just a few minutes drive to mia, downtown, key biscayne & the beaches.
Features
Bedrooms
    Bathrooms
      Exterior and Lot Features
      • Exterior Features: Fence
      Interior, Heating and Cooling
      • Heating Description: Central
      • Cooling Description: CentralAir
      Building and Construction
      • Floor Description: Tile,Wood
      • Year Built: 1950
      • Year Built Description: Resale
      Waterfront and Water Access
      • Waterfront Frontage: No info
      School Information
        Other Property Info
        • Listing Date: 2023-03-22T14:18:20.000-00:00
        Taxes, Fees & More
        • Taxes: 15624

        Price History

        03/14/2024

        Date

        Sold

        Event

        $1.9M

        Price

        -26%

        Change Rate

        $762 ft2 / $8,202 m2

        Price Per

        05/25/2023

        Date

        Price Reduced

        Event

        $2.5M

        Price

        -16.67%

        Change Rate

        $1,030 ft2 / $11,083 m2

        Price Per

        03/22/2023

        Date

        Listed

        Event

        $3M

        Price

        $1,236 ft2 / $13,300 m2

        Price Per

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

        Listed by Ana CuanCompass Florida, LLC • Buyer Agency Compensation .

        Instant Comps

        $100/ft²
        $300/ft²
        $600/ft²
        $900/ft²

        Unit 3690 SW 23rd Ter – Asking

        $762/ft²

        (+43%) from Closed Avg. $/ft²

        Closed Avg. $/ft²

        $534/ft²
        Community $/Price Range (Closed) $238/ft² – $664/ft²
        UnitBed/BathSize SqFt$/SqFtExposureViewSoldClosed Date
        3121 SW 23rd Ter2/42,244$305North$685,0001/17/2025
        # amnd plat of miami suburban acres2/42,428$762North$1,850,0003/5/2024
        Bed/Bath: 2/4Size SqFt: 2,244$/SqFt: $305Exposure: NorthSold: $685,000Closed Date: 1/17/2025
        Bed/Bath: 2/4Size SqFt: 2,428$/SqFt: $762Exposure: NorthSold: $1,850,000Closed Date: 3/5/2024
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