NOT LISTED FOR SALE

2951 SW 1st Ave Miami, FL 33129

The Roads Neighborhood
-- Bed
-- Bath
-- Sq Ft
0.38 Acres

Last Sold March 11, 2019

Last sale price $2,100,000

119 Days on Market

Highlights

  • Wood Flooring
  • 3-minute walk to Vizcaya
  • Central Heating and Cooling System
  • No HOA
  • Complete Accordion Shutters

About This Home

As of March 2019

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. Newly installed accordion shutters. Sale "AS IS".

Last Agent to Sell the Property

Carolina Santos

Miami Network Realty, Inc. License #3065693 Listed on: 10/18/2018

Co-Listed By

Omar Santos

Miami Network Realty, Inc. License #3387346

Last Buyer's Agent

Mariela Milian

Sterling Property Group Inc License #3145508

Home Details

Home Type

  • Single Family

Est. Annual Taxes

  • $14,427

Year Built

  • Built in 1946

Lot Details

  • 0.38

Parking

  • 15 Parking Spaces

Home Design

  • Shingle Roof
  • Concrete Block And Stucco Construction

Interior Spaces

  • 2-Story Property
  • Complete Accordion Shutters

Flooring

  • Wood
  • Tile

Additional Features

  • Property is zoned 3900
  • Central Heating and Cooling System

Community Details

  • No Home Owners Association
  • Brickell Ests Pb 17 50 Subdivision

Listing and Financial Details

  • Rent includes gardener, pest control, sewer, trash collection, water
  • Assessor Parcel Number 01-41-38-009-0290

Home Details

Home Type

Single Family

Est. Annual Taxes

$14,427

Year Built

Built in 1946

Lot Details

0

Listing Details

  • Property Type: Residential Income
  • Year Built: 1946
  • Property Sub Type: Quadruplex
  • Architectural Style: Detached
  • Co List Office Mls Id: MNET01
  • Co List Office Phone: 305-300-7239
  • Directions: Near Major Thoroughfares I-95, Dolphin Expressway (FL 836) and South Dixie Highway (US 1). Minutes from Coconut Grove, Coral Gables, Downtown Miami, Brickell, and Miami Beach. Walking distance to Vizcaya Metrorail station & Coral Way.
  • Horses: No
  • New Construction: No
  • Building Stories: 2
  • Structure Type: Quadruplex, Fourplex
  • Subdivision Name: BRICKELL ESTS PB 17-50
  • Year Built Details: Resale
  • MIAMIRE_PoolYN: No
  • ResoPropertyType: ResidentialIncome
  • Special Features: VirtualTour
  • Stories: 2

Interior Features

  • Spa Yn: No
  • Flooring: Tile, Wood
  • Possible Use: Investment
  • Stories: 2
  • Window Features: Complete Accordian Shutters

Exterior Features

  • Roof: Shingle
  • Construction Type: CBS Construction
  • Lot Features: 1/4 To Less Than 1/2 Acre Lot
  • Pool Private: No
  • View: No
  • Waterfront: No

Garage/Parking

  • Park Building Name: BRICKELL ESTS PB 17-50
  • Total Parking Spaces: 15

Utilities

  • Sewer: Public Sewer
  • Water Source: Municipal Water
  • Cooling: Central Air
  • Cooling Y N: Yes
  • Heating: Central
  • Heating Yn: Yes

Condo/Co-op/Association

  • Association: No

Association/Amenities

  • MIAMIRE_TypeofAssociation: None

Lot Info

  • Parcel Number: 01-41-38-009-0290
  • Zoning: 3900
  • ResoLotSizeUnits: SquareFeet

Rental Info

  • Rent Includes: Gardener, Pest Control, Sewer, Trash Collection, Water

Tax Info

  • Tax Year: 2017
  • Tax Annual Amount: 14427

Multi Family

  • Number Of Units In Community: 4
  • Number Of Units Total: 13

Range of Values:

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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
03/11/2019 03/11/19 Sold $2,100,000 -12.1% --
10/18/2018 10/18/18 For Sale $2,390,000 -- --
Source: MIAMI REALTORS® MLS

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • Carolina Santos

    Seller's Agent in 2019

    Carolina Santos

    Miami Network Realty, Inc.

    (305) 300-7239

    8 Total Sales

    Carolina Santos
    Section Image

  • O

    Seller Co-Listing Agent in 2019

    Omar Santos

    Miami Network Realty, Inc.

    (813) 495-6293

    Omar Santos
    Section Image
  • Mariela Milian

    Buyer's Agent in 2019

    Mariela Milian

    Sterling Property Group Inc

    (305) 300-3681

    12 Total Sales

    Mariela Milian
    Section Image
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Map

Source: MIAMI REALTORS® MLS

MLS Number: A10557382

MIAMI REALTORS® MLS
Florida Miami/Dade County Miami 33129 The Roads

2951 SW 1st Ave, Miami, FL

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