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$997,500was $1,250,000

2532 SW 27TH ST

5 bd · 5 ba · 1,957 sq ft

Asking price cut 20.2% on October 26, from $1,250,000.

50 days on marketSingle Family Residence

Listing courtesy of Brickell Investment Realty. 305-372-0114

From the MLS

Bedrooms
5
Bathrooms
5
Living area
1,957 sq ft
Asking per square foot
$510
Year built
1946
ZIP code
33133
MLS number
A12084833

What the listing says

Nestled perfectly between Coconut Grove to the south and The Roads to the north, this highly desirable Silver Bluff Property is perfect for a large family that wants a steadily appreciating, flexible investment opportunity for owner-occupants and seasoned investors alike. Presently set as three separate units, but extremely easy to convert to single 5 bedroom home! This well-laid-out property features two spacious 2-bedroom, 1.5-bathroom units alongside a separate studio apartment, generating a potential gross income of well over $80,000 annually. Each unit is beautifully updated with modern kitchens featuring quartz countertops, renovated bathrooms, sleek laminate flooring, and private in-unit laundry. Residents will appreciate the convenience of dedicated front and rear entrances. Parking is a premium in Miami, and this property delivers fantastic dual access parking. With secure, gated parking in the front, as well as covered, fenced-in parking in the rear. Enjoy unbeatable convenience within walking distance to the 27th Avenue Metrorail station, The Underline, the new Grove Central Shopping Mall, and Shell Lumber. With rapid access to Coral Gables, Brickell, and Miami International Airport, this prime location is truly unmatched. Whether you want to convert the entire property into one living unit or live in one unit and let the others pay your mortgage, or add a high-yield asset to your portfolio, this is it.

Description supplied by Brickell Investment Realty.

Before you offer on this one

The asking price is the easy part. What decides a Miami condo purchase sits in the association’s budget, its reserve study, the last twelve months of board minutes and the milestone inspection — and in whether the declaration permits what you intend to do with it.

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