1 month on rocket

1872 NW 1st St, Miami, FL, 33125

$940,000

Home List Price

$10,000*

Closing Credit

0 Baths
966 SqFt
$973/SqFt
Multi
Schools Nearby

Location

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1872 NW 1st St, Miami$940,000

Buyer Closing Credits

$10,000*

1.25% Loan Amount

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Property Highlights

Home TypeTriplex
Year Built1915
HeatingNone
CoolingCentral Air, Ceiling Fan(s), Wall/Window Unit(s)
MLS #A11552935
StatusActive

About 1872 NW 1st St

Welcome to this fantastic real estate opportunity a turnkey income-producing Triplex 4400sq ft generating $7250 a month in rental income! All units are leased out. With zoning for up to 9 units, this property has endless opportunities! The property is sold as is. This property is a prime investment in an ideal location that offers numerous advantages for investors. Due to its proximity to the stadium and various local amenities, these units are highly desirable among renters. The area's popularity and growth trajectory means that demand for housing is consistently rising, making it easy to find and retain tenants. As a result, this property offers a low vacancy rate, ensuring a steady stream of rental income.

Property Details

Property Features

Property Information:

  • Year Built: 1915
  • Stories: 1
  • Living Area: 966 SqFt

Listing Office:

  • Office Name: Compass Florida, LLC
  • Office Phone: (305) 795-4849
  • Listing Agent: Maria Castro

Interior Features

Interior Information:

  • Flooring Type: Tile

Virtual/3D Tour

  • Virtual Tour: 1872 NW 1st St

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Utilities

Utilities Information:

  • Heating: None
  • Cooling: Central Air, Ceiling Fan(s), Wall/Window Unit(s)

School Info

Assigned Schools Information:

  • Miami Senior High School, Public Magnet Grades 9-12
  • Citrus Grove Middle School, Public District Grades 6-8
  • Citrus Grove Elementary School, Public District Grades PK-5

Price Information

Listing Price Info

Price Summary:

  • List Price: $940,000
  • Price Per SqFt: $973/SqFt

Tax Information:

  • Annual Amount: $4,814
  • 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

$540K

Med. Price/SqFt

$380

Avg. Days On Market

59

# of Sold Homes

883

1872 NW 1st St vs Miami

38 DAYS ON ROCKET

-21 Days

$940,000

+$399.9K More

$973/SqFt

+$593 More

KEY TAKEAWAY

This property is $399.9K more than the Median Sold Price and $593/SqFt more than other homes in Miami, FL.

Based on homes sold in the last 12 months

MLS Details

MLS Information:

  • MLS Name: SEFMIAMI
  • MLS Number: #A11552935

Listing Office:

  • Office Name: Compass Florida, LLC
  • Office Phone: (305) 795-4849
  • Listing Agent: Maria Castro

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: 4/27/2024, 4:25:14 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$4,814$248,555
2018$3,879$133,091
2017$3,323$120,992

History based on county public records data.

Payment Calculator

$4,759

Per Month

Recommended Financing

30-Year Fixed

Rate/APR

7.5% / 6.68%

Total Monthly Payment

$2,885

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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.

Elementary School

school-card-donut-1018982
4
/10

  • Citrus Grove Elementary School

  • 2121 NW 5th St

  • 0.39 miles

  • Public District Grades PK-5

Middle School

school-card-donut-1018983
3
/10

  • Citrus Grove Middle School

  • 2153 NW 3rd St

  • 0.33 miles

  • Public District Grades 6-8

High School

school-card-donut-1018984
5
/10

  • Miami Senior High School

  • 2450 SW 1st St

  • 0.65 miles

  • Public Magnet Grades 9-12

All data from GreatSchools

Neighborhood

What Are The Neighbors Like?

The neighbors living near this home have an average income of $30,833. Residents of Miami, FL typically earn less than $35k each year. Most families are single, no kids. The most common level of education of people living in this area is high school diploma.

All data provided by Home Junction and Claritas

Rocket Homes›Florida›Miami-Dade County›Miami›33125›1872 NW 1st St

This home is located at 1872 NW 1st St in Miami, FL and zip code 33125 in the Little Havana neighborhood. This 966 square foot home was built in 1915. It has been listed on Rocket Homes since March 19, 2024 and is currently priced at $940,000.

In March 2024, from all listings sold in Miami, FL there were more than 115 sold above asking price, over 619 sold below and more than 149 were sold right at the asked price. In March 2024 in Miami, FL there were 9.1% more homes for sale than in February 2024. In March 2024, listings were on the market for 59 days. During the same period, the median list price in this real estate market was $540,091.

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

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