3145 Virginia St 4, Miami
Miami-Dade County Real Estate - Miami
Miami
Miami is Florida's second most populous city. Miami is also the second largest US city with a Spanish speaking majority, which accounts for its nickname of "the capital of Latin America." Industries with the largest influence in Miami include commerce, finance, and international business. Miami is home to the headquarters of many large businesses including Burger King, US Century Bank, Caribbean Cruise Lines, and World Fuel Services. The port of Miami is one of the nation's busiest ports and contributes $18 billion to the city's economy. The largest employers in Miami are Miami-Dade County Public Schools, Miami-Dade County, United States Government, Florida Government, University of Miami, and Baptist Health South Florida.
Miami is in South East Florida. It's population as recorded in the 2010 Census was 399,457.
The median age for residents of Miami is 38.8. Around 27.3% of Miami households include school aged children and 29.9% of households include individuals aged 65 years or over. Census records indicate 72.5% of the Miami population are White, 19.2% are Black or African American, .2% American Indian, .9% Asian and 2.6% are Two or more Races. Miami has a significant Hispanic population. 69.9% (279,456) of Miami residents are of Hispanic or Latino origin. Of these 2.08% are of Mexican origin, 4.57% Puerto Rican, 49.13% Cuban and 44.2% are of other Hispanic or Latino origin.
There are 183,994 housing units in Miami. 25,677 (13.9%) of these were reported as vacant in the 2010 Census. There are 118,493 residential rental units in Miami. 107,131 of them were occupied in 2010 providing a residential rental vacancy rate of 9.2%.
Miami links:
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Miami-Dade County
Miami-Dade County is part of the southeast Florida region along with Indian River, St. Lucie, Martin, Palm Beach, Broward, and Monroe counties. Miami Dade County has 35 cities and incorporates many different geographical areas. The north, central, and east regions are heavily urbanized, with many large skyscrapers and a dense population. The southern region of Miami-Dade County is sparsely populated and is the heart of Miami-Dade's agricultural economy. The western region of the county includes the Everglades National Park and is inhabited only by a tribal village. The county is home to around 2.5 million people, making it the most populous in Florida and number seven in the country.
Major industries for this county are tourism, international trade, international banking, and transportation. Top public employers are Miami-Dade County Public Schools, Miami-Dade County, the Federal Government, Florida State Government, and Jackson Health Systems. Major private employers include the University of Miami, Baptist Health South Florida, Publix Supermarkets, American Airlines, and Precision Response Corporation.
The county's seat and largest city is Miami. Miami's close proximity to Latin America and the Caribbean makes it the center for international trade with those areas. The city?s population is 70% Hispanic. The concentration of Latin American businesses and international banks in the city has given it the nickname ?Capital of Latin America?. PortMiami acts as one of the largest cruise spots in the world. Miami International Airport is one of the busiest ports of entry for foreign travelers and handles the most international air cargo of any airport in the country.
Miami-Dade is also a major tourist destination, especially in the city of Miami Beach. The historic 1920s Art Deco hotels on Ocean Drive are well-known landmarks, many of which have historic designations. Visitors enjoy the warm weather, sandy beaches, and nightlife of South Beach. It is also a major convention destination. The annual Art Basel Miami and its satellite fairs bring the foremost art collectors to South Beach and the Miami neighborhood of Wynwood.
Miami-Dade County is home to numerous large universities including the private University of Miami, public Florida International University, and Catholic Barry University. The county is also home to historically-black Florida Memorial University and Miami Dade College, the second-largest public university in the nation by enrollment. The Miami-Dade County Public School System is the fifth-largest in the nation.
Neighboring Properties
| Address | Type | Sq Ft | Class | |
|---|---|---|---|---|
| 3158 Virginia St 2 | Condominium | 1,845 | B |
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| 3156 Virginia St 1 | Condominium | 1,845 | B |
|
| 3143 Virginia St 3 | Condominium | 1,275 | B |
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| 3160 Virginia St 3 | Condominium | 1,845 | B |
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| 3005 Orange St 3142 | Condominium | 1,290 | B |
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| 3155 Virginia St | Multi-family - less than 10 units | 1,420 | C |
|
| 3162 Virginia St 4 | Condominium | 1,845 | B |
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| 3164 Virginia St 5 | Condominium | 1,845 | B |
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| 3141 Virginia St 2 | Condominium | 1,275 | B |
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| 3015 Orange St 3144 | Condominium | 1,290 | B |
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| 3168 Virginia St 7 | Condominium | 1,845 | B |
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| 3170 Virginia St 8 | Condominium | 1,845 | B |
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| 3166 Virginia St 6 | Condominium | 1,845 | B |
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| 3139 Virginia St 1 | Condominium | 1,275 | B |
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| 3159 Virginia St | Multi-family - less than 10 units | 3,510 | B |
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| 3174 Virginia St 10 | Condominium | 1,845 | B |
|
| 3174 Virginia St | Vacant Residential | 0 | L | |
| 3172 Virginia St 9 | Condominium | 1,845 | B |
|
| 3030 Orange St | Multi-family - less than 10 units | 1,918 | B |
|
| 3197 Virginia St | Single Family | 1,754 | A |
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| 2997 Ruth St | Multi-family - less than 10 units | 1,667 | C |
|
| 2967 Ruth St 2967 | Condominium | 1,677 | B |
|
| 3199 Virginia St | Single Family | 1,754 | B |
|
| 3120 Virginia St 3120 | Condominium | 2,920 | B |
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| 3122 Virginia St 3122 | Condominium | 2,670 | B |
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| 2965 Ruth St 2965 | Condominium | 1,677 | B |
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| 3155 Peachy St 4 | Condominium | 1,700 | B |
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| 3153 Peachy St 3 | Condominium | 1,700 | B |
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| 3152 Peachy St 1 | Condominium | 1,700 | B |
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| 3154 Peachy St 2 | Condominium | 1,700 | B |
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| 3123 Virginia St | Multi-family - less than 10 units | 3,090 | C |
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| 2985 Day Ave | Multi-family - less than 10 units | 2,762 | B |
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| 2993 Ruth St | Multi-family - less than 10 units | 3,657 | A |
|
| 3032 Orange St | Vacant Residential | 0 | L | |
| 2997 Day Ave | Single Family | 1,915 | B |
|
| 2965 Day Ave | Multi-family - less than 10 units | 2,712 | C |
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| 2954 Peachy St 7 | Condominium | 1,700 | B |
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| 2952 Peachy St 8 | Condominium | 1,700 | B |
|
| 3034 Orange St | Vacant Residential | 0 | L | |
| 2945 Day Ave | Multi-family - 10 units or more | 8,963 | B |
|
| 3111 Virginia St | Single Family | 1,474 | C |
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| 2961 Day Ave B | Condominium | 1,920 | B |
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| 2961 Day Ave | Condominium | 1,920 | B |
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| 3146 Peachy St 6 | Condominium | 1,700 | B |
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| 3147 Peachy St 9 | Condominium | 1,640 | B |
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| 3038 Orange St 3038 | Condominium | 2,318 | B |
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| 3042 Orange St 3042 | Condominium | 2,318 | B |
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| 3040 Orange St 3040 | Condominium | 2,318 | B |
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| 2955 Ruth St | Multi-family - less than 10 units | 1,619 | B |
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Local Household Income
The median household income in this part of Florida is $44,926. The bottom 10% of the population earn less than $12,918 per year. The top 10% earn more than $184,479 per year. The top 1% earn more than $594,594 per year. Most renters earn between $25,140 (20th percentile) and $49,848 (80th percentile) per year. Someone earning the median household income in this area is likely to qualify for a mortgage between $89,852 and $112,315.
The tax assessed value of this property places it in percentile 81 of all properties in this area. This suggests it would appeal to someone earning around $111,636 per year who should qualify for a mortgage between $223,272 and $279,090.
Source: US Census American Community Survey - 2008-2012 ACS 5-year PUMS estimates
Local Rents
The median monthly rent in this part of Florida is $994. Most renters earn between $2,095 and $4,154 per month. They typically spend 38% of their monthly income on rent. Most rents fall in the $666 (20th percentile) to $1,568 (80th percentile) range. The residential vacancy rate is 5%.
This property falls in percentile 81 of all properties in this area. This corresponds to a rent of $1,593 per month and a monthly household income of $4,218 ($50,616 per year)
Nearby Companies
3141 Virginia St
2954 Peachy St
2954 Peachy St
2995 Ruth St
2967 Ruth St
3122 Virginia St
3120 Virginia St
3111 Virginia St
3144 Mary St
3144 Mary St
3124 Paola Dr
3124 Paola Dr
3124 Paola Dr
3090 Virginia St
3090 Virginia St
3090 Virginia St
2981 Shipping Avenue Unit B
2942 Shipping Ave
3080 Virginia St
3080 Virginia St
2949 Shipping Ave
2949 Shipping Ave
2997 Day Ave
2997 Day Ave
2997 Day Ave
2997 Day Ave
2997 Day Ave
2968 Day Ave
2968 Day Ave
2968 Day Ave
2968 Day Ave
3199 Virginia St
2961b Day Ave
2958 Day Ave
2959 Day Ave Unit B
3174 Virginia St
3170 Virginia St
3160 Virginia St
2945 Day Ave
3156 Virginia St
3062 Orange St
3060 Orange St
3049 R Orange St
3051 Orange St
3053 Orange St
3053 Orange St
3050 Shipping Ave
3041 Orange St
3040 Orange St
3040 Orange St
3034 Orange St
3035 Orange St
3035 Orange St
3032 Orange St
3140 Virginia St
3227 Virginia St
3223 Virginia St
3220 Virgina St
3022 Day Ave
3009 Day Ave
3037 Day Ave
3037 Day Ave
3037 Day Ave
1073 W C 48
2965 Day Ave
2961-B Day Ave
3051 Day Ave
3054 Day Ave
3053 Day Ave
3054 Day Ave
3054 Day Ave
3048 Day Ave
3046 Day Ave
3046 Day Ave