701 1st St ,Old Spanish, Triplex, City Of Miami South for Sale

701 1st St for Sale

Price $1,350,000.00

• Lot size 3510
• Year Build 1925
• Waterfront
• Zip 33128
• Style Old Spanish
• Parking Description
• Pool Yes
• Status Active

Description

Situated next to Brickell and the Miami River, just 1 minute from Brickell and popular spots like Sea Spice / Kiki on the River. This multifamily property already generates an annual gross income of $108,000, making it a solid investment with positive cash flow from day one. Riverside is a vibrant area in Miami-Dade County. It offers residents a dense urban feel with plenty of bars, restaurants, coffee shops, and parks. Most residents rent their homes. Just 5 minutes away from Brickell and 10 minutes from Downtown Miami and Wynwood. The property offers parking availability and is located in a zone with excellent potential for future appreciation.

YEARLY ACTUAL GROSS INCOME $108,000. CAN BE INCREASED TO $130,000. YEARLY EXPENSES ALL IN $28,000. ACTUAL CAP RATE 6%. For appointments and additional information please contact listing agent.

CITY OF MIAMI SOUTH PB B-41 S50FT LOT 19 BLK 7 LOT SIZE 50.000 X 50 OR 20017-0312 09 2001 4 COC 21845-4509 11 2003 4

Less Than 1/4 Acre Lot

Situated next to Brickell and the Miami River, just 1 minute from Brickell and popular spots like Sea Spice / Kiki on the River. This multifamily property already generates an annual gross income of $108,000, making it a solid investment with positive cash flow from day one. Riverside is a vibrant area in Miami-Dade County. It offers residents a dense urban feel with plenty of bars, restaurants, coffee shops, and parks. Most residents rent their homes. Just 5 minutes away from Brickell and 10 minutes from Downtown Miami and Wynwood. The property offers parking availability and is located in a zone with excellent potential for future appreciation.

City:Miami,Zoning:4601,Cooling:1:Wall/Window Unit(s),Heating:1:Window/Wall,List A O R:A-Miami Association of REALTORS,Stories:2,Tax Year:2023,Latitude:25.7748959,Cooling Y N:1,Heating Y N:1,List Price:1350000,Listing Id:A11641173,Longitude:-80.2062452,Mls Status:Active,Year Built:1925,Living Area:3510,Postal Code:33128,Street Name:1st St,Coordinates:1:25.7748959,Photos Count:9,Building Name:CITY OF MIAMI SOUTH,Lot Size Units:Square Feet,M I A M I R E_ Area:41,M L S Area Major:City Of Miami South,On Market Date:2024-08-14,Parcel Number:01-02-00-070-1240,Property Type:Residential Income,Rent Includes:1:Trash Collection,2:Water,Stories Total:2,Street Number:701,M I A M I R E_ Style:Fourplex,Public Remarks:Situated next to Brickell and the Miami River, just 1 minute from Brickell and popular spots like Sea Spice / Kiki on the River. This multifamily property already generates an annual gross income of $108,000, making it a solid investment with positive cash flow from day one. Riverside is a vibrant area in Miami-Dade County. It offers residents a dense urban feel with plenty of bars, restaurants, coffee shops, and parks. Most residents rent their homes. Just 5 minutes away from Brickell and 10 minutes from Downtown Miami and Wynwood. The property offers parking availability and is located in a zone with excellent potential for future appreciation.,Structure Type:1:Triplex,County Or Parish:Miami-Dade County,List Office Name:Florida Brokers Intl' Realty,Private Remarks:YEARLY ACTUAL GROSS INCOME $108,000. CAN BE INCREASED TO $130,000. YEARLY EXPENSES ALL IN $28,000. ACTUAL CAP RATE 6%. For appointments and additional information please contact listing agent.,Standard Status:Active,Living Area Units:Square Feet,Major Change Type:New,Postal Code Plus4:1441,Property Sub Type:Triplex,State Or Province:FL,Street Dir Prefix:NW,Subdivision Name:CITY OF MIAMI SOUTH,Tax Annual Amount:13269,Unparsed Address:701 NW 1st St, Miami FL 33128,Listing Agreement:Exclusive Right To Sell,Year Built Details:Resale,Building Area Total:3510,Building Area Units:Square Feet,M I A M I R E_ L P Amt Sq Ft:384.6154,Original List Price:1350000,Public Survey Range:2,Documents Available:1:Rent Rolls,I D X Participation Y N:1,Syndication Remarks:Situated next to Brickell and the Miami River, just 1 minute from Brickell and popular spots like Sea Spice / Kiki on the River. This multifamily property already generates an annual gross income of $108,000, making it a solid investment with positive cash flow from day one. Riverside is a vibrant area in Miami-Dade County. It offers residents a dense urban feel with plenty of bars, restaurants, coffee shops, and parks. Most residents rent their homes. Just 5 minutes away from Brickell and 10 minutes from Downtown Miami and Wynwood. The property offers parking availability and is located in a zone with excellent potential for future appreciation.,Listing Contract Date:2024-08-14,Originating System I D:miamire,Public Survey Section:0,Showing Instructions:Appointment Only,Call Listing Agent,Street Number Numeric:701,Tax Legal Description:CITY OF MIAMI SOUTH PB B-41 S50FT LOT 19 BLK 7 LOT SIZE 50.000 X 50 OR 20017-0312 09 2001 4 COC 21845-4509 11 2003 4,Public Survey Township:2,Originating System Name:Miami Association of REALTORS?,M I A M I R E_ Adjusted Area S F:3159,M I A M I R E_ Internet Remarks:YEARLY ACTUAL GROSS INCOME $108,000. CAN BE INCREASED TO $130,000. YEARLY EXPENSES ALL IN $28,000. ACTUAL CAP RATE 6%.,Contract Status Change Date:2024-08-14,Internet Address Display Y N:1,Number Of Units In Community:4,M I A M I R E_ Ok To Advertise List:No,Internet Entire Listing Display Y N:1,M I A M I R E_ R A T I O_ Current Price_ By_ S Q F T:384.62,