New Construction
Address
3707 SW 1st St Miami, FL
Price
$ 1,300,000
Property Attributes
  • MLS#A11136450
  • TypeCommercial
  • CountyMIAMI-DADE
  • CityMiami
  • Area41
  • Zip33134
  • StyleMixedUse
  • Year Built1926
  • Taxes$ 10698
  • Price$ 1,300,000
  • Bedrooms0
  • Full Bathrooms0
  • Half Bathrooms0
  • Sqr Footage2866
  • Lot Size5,940 SqFt
Listing Provided Courtesy Of:
Compass Florida, LLC.
Data Source:
Southeast Florida MLS (SEFMLS)
Property Description

Unique Mixed-Use, Stabilized Investment Opp with Upside Potential! 2-building gem is located off the high traffic intersection of West Flagler and Douglas Rd at First Street. Nestled at the edge of Coral Gables, the 2-story properties, 5,940 sqft lot, hard corner commercial unit, w/great visibility & off-street parking for guests & tenants. Corner commercial unit has $150,000 recently invested in Cap-Ex improvements. Formerly a medical facility, a new tenant is in place and secured w/ 5-year lease, set to open in Jan 2022. The second building is a stacked-duplex with 2 full-floor remodeled residential units with $85,000 in improvements. The residential tenants are on annual leases with low rents. Combined total income of approx. $84,780 annual with upside to potential 5.46% Cap Rate.

Price History
12/14/2021 Listed $1,300,000

General Features

City Miami
County Miami-Dade County
Days on Market 47
Grossincome 84780.0
Lease Considered Y/N No
Levels Two
Lot Size Square Feet 5940.0
MLS Area 41
Net Operating Income 65830.0
Occupant Type Tenant
Operatingexpense 18950.0
Property SubType MixedUse
Property Type CommercialSale
Standard Status Active
Status Active
Stories 2
Street Name 1st St
Structure Type MultiFamily
Tax Annual Amount 10698.0
Tax Year 2021
Terms Cash, Conventional
Virtual Tour https://www.propertypanorama.com/instaview/mia/A11136450
Year Built 1926
Year Built Details New Construction
Zoning Description 6100

Exterior Features

Building Area Total 2866.0
Covered Spaces 0.0
Lot Size Area 5940.0
Lot Size Units SquareFeet
Number of Buildings 2
Total Parking 8.0
Water Source Public
Waterfront Y/N No

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Commercial Average in 33134

Price
AVG $3.28M
$1.3M
Taxes
AVG $24,427
$10,698
Visits
AVG 73
1
Year Built
AVG 1978
1926
Walkscore
AVG 91
84
Data Provided by Walkscore ® not using MLS data

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