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$ 1,395,000
Est. payment /mo
Active
831 SW 31st Ct Miami, FL 33135
2,076 SqFt
UPDATED:
09/30/2024 09:38 PM
Key Details
Property Type Multi-Family
Sub Type Duplex
Listing Status Active
Purchase Type For Sale
Square Footage 2,076 sqft
Price per Sqft $671
Subdivision Hilah Park Addn
MLS Listing ID A11606119
Construction Status Effective Year Built
HOA Y/N No
Year Built 1957
Annual Tax Amount $12,231
Tax Year 2023
Property Description
THIS IS A DEVELOPMENT SITE WITH INCOME UNTIL DEMOLISHED.
It is one of two contiguous sites for sale together. The other is the adjacent property at 821 SW 31 Ct. Miami, FL 33135. MLS # A11606113.
The properties are 100 feet from SW 8th St. 6 blocks from the Douglas Entrance in Coral Gables. They are directly across from a trailer park that sold in November of 2021 for $58 million and is a half block from the Home Depot. This property presently generates $64,800 in annual income (together; $112,800). $1,395,000 price is $158/SF per lot size of 8,820 SF.
(both $2,290,000).
Both properties are classified as “Medium density commercial” in the Master Plan. This corresponds to a T-5 zoning. Additionally, under the amended Live Local Act, the density can be increased substantially.
It is one of two contiguous sites for sale together. The other is the adjacent property at 821 SW 31 Ct. Miami, FL 33135. MLS # A11606113.
The properties are 100 feet from SW 8th St. 6 blocks from the Douglas Entrance in Coral Gables. They are directly across from a trailer park that sold in November of 2021 for $58 million and is a half block from the Home Depot. This property presently generates $64,800 in annual income (together; $112,800). $1,395,000 price is $158/SF per lot size of 8,820 SF.
(both $2,290,000).
Both properties are classified as “Medium density commercial” in the Master Plan. This corresponds to a T-5 zoning. Additionally, under the amended Live Local Act, the density can be increased substantially.
Location
State FL
County Miami-dade
Community Hilah Park Addn
Area 41
Interior
Heating Wall Furnace
Cooling Wall/Window Unit(s)
Flooring Tile
Exterior
Pool None
Utilities Available Cable Available
Roof Type Shingle
Total Parking Spaces 4
Building
Lot Description < 1/4 Acre
Story 1
Sewer Public Sewer
Level or Stories One
Structure Type Block
Construction Status Effective Year Built
Others
Tax ID 01-41-09-021-0040
Acceptable Financing Cash
Listing Terms Cash
Listed by Octavio Robles, RE Broker