2 buildings with large car port area in the middle for sale, total lot size over 15k sq ft, 13 units taking in $22k per month and can increase rents. Opportunity to build a new multi family, great covered land play earning income while planning and design.
Property Details
Property Features
Property Information:
Architectural Style: Fourplex
Year Built: 1925
Stories: 2
Living Area: 5,500 SqFt
Listing Office:
Office Name: Douglas Elliman
Office Phone: (305) 677-5000
Listing Agent: Joseph Azar
Interior Features
Interior Information:
Flooring Type: Tile
Utilities
Utilities Information:
Heating: Wall Furnace
Cooling: Wall/Window Unit(s)
Price Information
Listing Price Info
Price Summary:
List Price: $4,195,000
Price Per SqFt: $763/SqFt
What can I afford?
Understand what home price range makes sense for your budget.
Housing Market Comparison
See how this home compares to others in Miami, FL.
We're sorry, we currently don't have sales or tax history data for this listing.
Payment Calculator
Calculate your estimated monthly expenses for this listing. Play with the values below to better understand your monthly payment and utilities.
$21K
Per Month
Principal & Interest
$20.9K
Home PriceThe dollar amount you pay for the home.
$
Interest RateMortgage interest rates fluctuate, but they're typically in the 5% to 9% range. Your rate will be calculated based on personal details including your credit score.
%
Down PaymentThe initial money paid at closing that is usually a percentage of the purchase price. Most loans require at least 3% down, but a 0% down payment may be possible if you're eligible for a VA or USDA loan.
$%
Loan TermThis is how long you'll pay on the loan. A longer term gives you smaller payments, while a shorter term saves you money on interest.
Property Taxes
$0
Property Taxes -Annual CostEvery homeowner pays taxes to their local government based on their home's value and the property tax rates for the county or city. Most areas charge property taxes semiannually.
$/ Year
Mortgage Insurance
$0
Mortgage Insurance -Monthly PremiumMortgage insurance helps secure a mortgage with a lower down payment. It typically costs 0.1% - 2% of your loan amount per year.
$/ Month
Homeowners Insurance
$67
Homeowners Insurance -Monthly PremiumMost homeowners pay about $1,000 a year for homeowners insurance, but the cost varies based on your location, home and coverage.
$/ Month
Homeowners Association (HOA)
$0
Homeowners Association -Monthly FeesHomeowners Association (HOA) fees can range from $30 per month to $500+ per month. Be sure to ask your agent about HOA fees on a home as it can impact your affordability or check the online home listing.
$/ Month
Utilities
$0
Utilities - Monthly CostYou'll need to budget for utilities as a homeowner, which typically includes water and sewer, gas and electric, internet and cable. Cost will depend on your location and the size of your home. On a monthly basis, Americans pay $239 - $442 per month.
$/ Month
Recommended Financing
30-Year Fixed
Rate/APR
7.5% / 6.68%
Total Monthly Payment
$12.6K
Powered By
Advertisement
NMLS#3030
Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
We're sorry, we currently don't have assigned school data for this listing.
Nearby Schools
7
/10
Southside Elementary School
45 SW 13th St
Distance between this listing and this school0.38 miles
Public Magnet Grades PK-5
10
/10
Mater Academy East Charter
450 SW 4th St
Distance between this listing and this school0.65 miles
Public Charter Grades KG-5
3
/10
Alpha Charter of Excellence
1217 SW 4th St
Distance between this listing and this school1.11 miles
Public Charter Grades KG-5
Nearby Schools
10
/10
Ada Merritt K-8 Center
660 SW 3rd St
Distance between this listing and this school0.77 miles
Public Magnet Grades PK-8
9
/10
Lincoln-Marti Charter School Little Havana Campus
970 W Flagler St # 984
Distance between this listing and this school1.06 miles
Public Charter Grades KG-8
3
/10
Mater Preparatory Academy
601 NW 12th Ave
Distance between this listing and this school1.58 miles
Public Charter Grades KG-8
Nearby Schools
6
/10
Charter High School of the Americas
970 W Flagler St # 984
Distance between this listing and this school1.06 miles
Public Charter Grades 9-12
9
/10
Mater Academy East Charter High School
998 SW 1st St
Distance between this listing and this school1.07 miles
Public Charter Grades 9-12
8
/10
Law Enforcement Officers Memorial High School
300 NW 2nd Ave
Distance between this listing and this school1.15 miles
The neighbors living near this home have an average income of $99,732. Typical income of Miami, FL residents is between $100k-200k annually. Residents typically live in single, no kids family. Most residents in this area have post secondary degree education.
By checking this box and submitting your personal information, you agree to our Terms of Use and Privacy Policy. You also expressly consent to having Rocket Homes Real Estate LLC, its Family of Companies, Rocket Homes Network Partners, and potentially our mortgage partners contact you about your inquiry by text message or phone (including automatic telephone dialing system, AI voice, or an artificial or prerecorded voice) to the residential or cellular telephone number you have provided, even if that telephone number is on a corporate, state, or national Do Not Call Registry. You do not have to agree to receive such calls or messages as a condition of getting any services from Rocket Homes Real Estate, LLC or its partners. By communicating with us by phone, you consent to calls being recorded and monitored. You also agree that we can share your personal data and contact information with third parties such as mortgage partners, partner companies, and affiliates, and that these parties may use your personal data and contact information for marketing and analytic purposes, and to improve your experience.
This home is located at 1248-1256 SW 3rd St in Miami, FL and zip code 33135 in the Brickell neighborhood. This 5,500 square foot home was built in 1925. It has been listed on Rocket Homes since September 16, 2024 and is currently priced at $4,195,000.
Over 38 listings were sold over their listed price in November 2024 in Miami, FL. In the same period over 445 listings were sold below the listed price and 112 listings were sold for the listed price. The inventory of homes for sale in Miami, FL between October 2024 and November 2024 increased by 6.7%. In November 2024 median list price was $565,671 and the average listing age was 60 days.
From Rocket Homes Real Estate and based on county public records data.