10 days on rocket

701 NW 1st St, Miami, FL, 33128

$1,345,000

Home List Price

$10,000*

Closing Credit

0 Baths
3,510 SqFt
$383/SqFt
Multi

Location

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701 NW 1st St, Miami$1,345,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeTriplex
Year Built1925
HeatingElectric, Wall Furnace
CoolingElectric, Wall/Window Unit(s)
MLS #A11707078
StatusActive

About 701 NW 1st St

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.

Property Details

Property Features

Property Information:

  • Year Built: 1925
  • Stories: 2
  • Living Area: 3,510 SqFt

Listing Office:

  • Office Name: Florida Brokers Intl' Realty
  • Office Phone: (786) 502-3228
  • Listing Agent: Alejandro Paez

Interior Features

Interior Information:

  • Flooring Type: Laminate, Tile

Virtual/3D Tour

  • Virtual Tour: 701 NW 1st St
Virtual Tour

Utilities

Utilities Information:

  • Heating: Electric, Wall Furnace
  • Cooling: Electric, Wall/Window Unit(s)

Price Information

Listing Price Info

Price Summary:

  • List Price: $1,345,000
  • Price Per SqFt: $383/SqFt

Tax Information:

  • Annual Amount: $8,372
  • Tax Year: 2020
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Housing Market Comparison

See how this home compares to others in Miami, FL.

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Miami, FL

City

Med. Sold Price

$565.6K

Med. Price/SqFt

$391

Avg. Days On Market

60

# of Sold Homes

595

701 NW 1st St vs Miami

10 DAYS ON ROCKET

-50 Days

$1,345,000

+$779.3K More

$383/SqFt

-$9 Less

KEY TAKEAWAY

This property is $779.3K more than the Median Sold Price and $9/SqFt less than other homes in Miami, FL.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: SEFMIAMI
  • MLS Number: #A11707078

Listing Office:

  • Office Name: Florida Brokers Intl' Realty
  • Office Phone: (786) 502-3228
  • Listing Agent: Alejandro Paez

IDX © 2024 Miami Association of REALTORS®. All rights reserved. The data relating to real estate on this web site comes in part from the Internet Data Exchange program of the MLS of the Miami Association of REALTORS®. All information is deemed reliable but not guaranteed by the MLS and should be independently verified. The MLS, this broker and their affiliates provide all content therein “AS IS” and without any warranty, express or implied. The information included in this listing is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. This property is offered without respect to any protected classes in accordance with the law.
Data displayed may be a portion of, and not a complete set of all listings published in the MLS.
Last updated on: 12/21/2024, 11:20:50 AM Eastern. If you have any questions regarding the accuracy of this data, please contact us at help@rockethomes.com.

Property Sales & Tax

Tax History

YEARPROP. TAXASSESSMENT
2020$8,372$393,094
2018$7,749$370,000
2017$7,482$353,165

History based on county public records data.

Payment Calculator

$6,780

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$4,099

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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.

Nearby Schools

school-card-donut-704065
10
/10

  • Mater Academy East Charter

  • 450 SW 4th St

  • 0.43 miles

  • Public Charter Grades KG-5

school-card-donut-704066
7
/10

  • Downtown Miami Charter School

  • 305 NW 3rd Ave

  • 0.46 miles

  • Public Charter Grades KG-6

school-card-donut-704067
3
/10

  • Riverside Elementary School

  • 1190 SW 2nd St

  • 0.53 miles

  • Public District Grades PK-5

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $16,900. Typical income of Miami, FL residents is less than $35k annually. Most families are single, no kids. Most residents in this area have high school diploma education.

All data provided by Home Junction and Claritas

Rocket Homes›Florida›Miami-Dade County›Miami›33128›701 NW 1st St

This home is located at 701 NW 1st St in Miami, FL and zip code 33128 in the Little Havana neighborhood. This 3,510 square foot home was built in 1925. It has been listed on Rocket Homes since December 10, 2024 and is currently priced at $1,345,000.

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 number of listings in Miami, FL increased by 6.7% between October 2024 and November 2024. In November 2024, listings were on the market for 60 days. During the same period, the median list price in this real estate market was $565,671.

From Rocket Homes Real Estate and based on county public records data.

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