701 1st St ,Old Spanish, Triplex, City Of Miami South en Venta

701 1st St en Venta

Precio $1,265,000.00

• Tamaño de lote 3510
• Año de construcción 1925
• Frente al agua
• Zip 33128
• Estilo Old Spanish
• Parking Descripción
• Piscina Yes
• Estado Active

Descripción

Recently approved for its 50-year recertification, this building provides peace of mind with no required inspections for the next 10 years. Excellent investment opportunity! This fully occupied 4-unit multifamily property offers immediate cash flow with significant upside potential. Each unit is well-maintained and tenant-occupied. This property offers strong potential for future rental increases. Whether you're looking to expand your portfolio or secure a stable, income-producing asset in a growing area, this property is a must-see.

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

Recently approved for its 50-year recertification, this building provides peace of mind with no required inspections for the next 10 years. Excellent investment opportunity! This fully occupied 4-unit multifamily property offers immediate cash flow with significant upside potential. Each unit is well-maintained and tenant-occupied. This property offers strong potential for future rental increases. Whether you're looking to expand your portfolio or secure a stable, income-producing asset in a growing area, this property is a must-see.

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:2024,Latitude:25.7749016,Cooling Y N:1,Heating Y N:1,List Price:1265000,Listing Id:A11833174,Longitude:-80.2062265,Mls Status:Active,Year Built:1925,Living Area:3510,Postal Code:33128,Street Name:1st St,Coordinates:1:25.7749016,Photos Count:12,Building Name:CITY OF MIAMI SOUTH,Listing Terms:1:Conventional,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:2025-07-02,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:Recently approved for its 50-year recertification, this building provides peace of mind with no required inspections for the next 10 years. Excellent investment opportunity! This fully occupied 4-unit multifamily property offers immediate cash flow with significant upside potential. Each unit is well-maintained and tenant-occupied. This property offers strong potential for future rental increases. Whether you're looking to expand your portfolio or secure a stable, income-producing asset in a growing area, this property is a must-see.,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:13809,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:360.3989,Original List Price:1265000,Public Survey Range:2,Documents Available:1:Rent Rolls,I D X Participation Y N:1,Syndication Remarks:Recently approved for its 50-year recertification, this building provides peace of mind with no required inspections for the next 10 years. Excellent investment opportunity! This fully occupied 4-unit multifamily property offers immediate cash flow with significant upside potential. Each unit is well-maintained and tenant-occupied. This property offers strong potential for future rental increases. Whether you're looking to expand your portfolio or secure a stable, income-producing asset in a growing area, this property is a must-see.,Listing Contract Date:2025-07-02,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:Recently approved for its 50-year recertification, this building provides peace of mind with no required inspections for the next 10 years.,Contract Status Change Date:2025-07-02,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:360.4,