Miami, FL 33135,821 SW 31st Ct
Miami, FL 33135,821 SW 31st Ct
Miami, FL 33135,821 SW 31st Ct
Miami, FL 33135,821 SW 31st Ct
Miami, FL 33135,821 SW 31st Ct
Miami, FL 33135,821 SW 31st Ct
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$ 895,000
Est. payment | /mo

1,320 SqFt


$ 895,000
Est. payment | /mo

1,320 SqFt

Key Details

Property Type Multi-Family

Sub Type Duplex

Listing Status Active

Purchase Type For Sale

Square Footage 1,320 sqft

Price per Sqft $678

Subdivision Hilah Park Addn

MLS Listing ID A11606113

Construction Status Effective Year Built

HOA Y/N No

Year Built 1925

Annual Tax Amount $6,548

Tax Year 2023

Property Description

THIS IS A DEVELOPMENT SITE WITH INCOME UNTIL DEMOLISHED.

One of two contiguous sites for sale together. The other is the adjacent property at 831 SW 31 Ct. Miami, FL 33135. MLS # A11606119.
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, 2021 for $58 million and is a half block from Home Depot. This property generates $48,000 in annual income (together; $112,800). $895,000 price equals $158/SF per lot size of 5,670 SF.
(together; $2,290,000), See MLS # 11606119.

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 Ceiling Fan(s), Wall/Window Unit(s)

Flooring Tile

Exterior

Pool None

Utilities Available Cable Available

Waterfront No

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 01-41-09-021-0030

Acceptable Financing Cash

Listing Terms Cash

Listed by Octavio Robles, RE Broker
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821 SW 31st Ct