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.
Property Details
Price:
$1,395,000
MLS #:
A11606119
Status:
Active
Beds:
0
Baths:
0
Address:
831 SW 31st Ct
Type:
Multi Family
Subtype:
Duplex
Subdivision:
HILAH PARK ADDN,821/831 Assemblage
Neighborhood:
Hilah Park Addn
City:
Miami
Listed Date:
Jun 13, 2024
State:
FL
Finished Sq Ft:
2,252
Total Sq Ft:
2,252
ZIP:
33135
Year Built:
1957
Units:
2
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Schools
Interior
Cooling
Wall/ Window Unit(s)
Flooring
Tile
Heating
Window/ Wall
Exterior
Architectural Style
Detached
Parking Spots
4
Roof
Shingle
Financial
Tax Year
2023
Taxes
$12,231
Map
Community
- Address831 SW 31st Ct Miami FL
- SubdivisionHILAH PARK ADDN,821/831 Assemblage
- CityMiami
- CountyMiami-Dade County
- Zip Code33135
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