2723 NW 3rd St

Alameda - West Flagler, Miami, FL · 4 days on market · View on Zillow

2723 NW 3rd St

$500K somewhere else buys…

2 bedrooms · 1 baths · 1,902 sqft · 7,930 sqft lot

Built 1940 · Open Parking · Pool · $263/sqft (city median $425)

Prime redevelopment opportunity or remodel in a highly desirable Miami location surrounded by new construction and continued investment. Ideal for developers, investors, or end users looking to build a custom residence or renovate the existing property. Centrally located near Coral Gables, Coconut Grove, Brickell, top schools, dining, and shopping.

What this place offers

  • Private pool
  • Heating: Central
  • Cooling: Central Air
  • Open Parking

The numbers

$9K/yr

Property tax (actual rate)

$2K/yr

Insurance (quoted)

Price history

2000$151,000
2005$330,000
2012$170,000
2026 (asking)$500,000

Up 231% since 2000

$500,000

Down payment20% · $100,000
%
Mortgage (principal + interest)$2,502
Property tax$767
Home insurance$150
All-in monthly$3,419/mo

You'd need about $146,515/yr in household income (28% rule) plus $100,000 in cash.

Would rent for ~$1,994/mo · 4.8% gross yield

More homes in Miami

Show all