821 31st Ct ,Detached, Duplex, Hilah Park Addn for Sale

821 31st Ct for Sale

Price $895,000.00

• Lot size 1320
• Year Build 1925
• Waterfront
• Zip 33135
• Style Detached
• Parking Description
• Pool Yes
• Status Active

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.

Submit all offers via MLS Offers: https://www.mlsoffers.com/propertysearch.php?mls=A11606113 Together, they sit on 14,490 Sq Ft of land and generate income of $9,400 per month ($112,800 / year) as of June, 2024. It is possible that the master plan can be changed to the equivalent of T6/8. That?s the zoning along 8th St. That would increase the value dramatically. The property borders T 6-8 zoning and sits 100 feet from 8th St. It is directly across the street from whatever the just sold trailer park becomes. There?s nothing like this in central Miami. A superb opportunity for value increase from its proximity to the new trailer park development, SW 8th Street, possible master plan increase, benefit of the Live Local Act. There?s development potential for shops/restaurants on the ground floor & apartments above.

9 54 41 HILAH PARK ADDN PB 24-50 LOT 6 BLK 1 & S1/2 OF ALLEY LYG N & ADJ CLOSED PER ORD 13492 LOT SIZE 5670 SQ FT M/L

Less Than 1/4 Acre Lot

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.

City:Miami,Zoning:3901,Cooling:1:Wall/Window Unit(s),List A O R:A-Miami Association of REALTORS,Stories:1,Tax Year:2023,Latitude:25.7645485,Cooling Y N:1,Heating Y N:1,List Price:895000,Listing Id:A11606113,Longitude:-80.2454426,Mls Status:Active,Year Built:1925,Living Area:1320,Postal Code:33135,Street Name:31st Ct,Coordinates:1:25.7645485,Photos Count:10,Building Name:HILAH PARK ADDN,Days On Market:1,Lot Size Units:Square Feet,M I A M I R E_ Area:41,M L S Area Major:Hilah Park Addn,On Market Date:2024-06-13,Parcel Number:01-41-09-021-0030,Parking Total:4,Property Type:Residential Income,Stories Total:1,Street Number:821,M I A M I R E_ Style:Duplex,Public Remarks: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.,County Or Parish:Miami-Dade County,List Office Name:Octavio Robles, RE Broker,Standard Status:Active,Living Area Units:Square Feet,Major Change Type:New,Postal Code Plus4:4526,Property Sub Type:Duplex,State Or Province:FL,Street Dir Prefix:SW,Subdivision Name:HILAH PARK ADDN,821/831 Assemblage,Tax Annual Amount:6548,Total Actual Rent:48000,Unparsed Address:821 SW 31st Ct, Miami FL 33135,Listing Agreement:Exclusive Right To Sell,Year Built Details:Effective Year Built,Building Area Total:1320,Building Area Units:Square Feet,M I A M I R E_ L P Amt Sq Ft:678.0303,Original List Price:895000,Public Survey Range:41,Documents Available:1:Deposit - Security,2:Copy Of Lease(S),3:Rent Rolls,I D X Participation Y N:1,Number Of Units Total:3,Syndication Remarks: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.,Listing Contract Date:2024-06-13,Originating System I D:miamire,Public Survey Section:9,Showing Instructions:Call Listing Agent,Street Number Numeric:821,Tax Legal Description:9 54 41 HILAH PARK ADDN PB 24-50 LOT 6 BLK 1 & S1/2 OF ALLEY LYG N & ADJ CLOSED PER ORD 13492 LOT SIZE 5670 SQ FT M/L,Public Survey Township:41,Originating System Name:Miami Association of REALTORS?,M I A M I R E_ Adjusted Area S F:902,M I A M I R E_ Internet Remarks:Both properties are classified as ?Medium density commercial? in the Master Plan. The corresponding zoning is T 5.,Contract Status Change Date:2024-06-13,Internet Address Display Y N:1,Number Of Units In Community:3,M I A M I R E_ Ok To Advertise List:With Written Broker Approval,Internet Entire Listing Display Y N:1,M I A M I R E_ R A T I O_ Current Price_ By_ S Q F T:678.03,