3499 SW 1st Ave Miami, FL 33145

Multi-Family Opportunity in The Roads! Keep as a rental with $8,000 monthly income until you're ready to build (2) Luxury Townhomes. Recent comps for townhomes are $2 million each! The numbers work! Sell out is almost 4X the purchase price! The property boasts a detached 2 bed/2 bath back unit wi...th a private backyard, offering potential for expansion & currently rented for $3,000, well below market value. The front house features a 2 bed/1 bath main unit plus an attached 1 bed/1 bath studio, rented for $2,800 & $1,300 respectively. Both units have updated bathrooms, soundproof windows/doors & hurricane-proofing. Separate electric & water meters. Located near major highways & prestigious neighborhoods like Vizcaya, Coconut Grove & Brickell, this property offers tremendous potential. Continue reading