831 SW 31st Ct
Coral Way, Miami, FL 33135
$1,395,000
Description
831 SW 31st Ct,
Miami,
FL
33135
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.
Listing By: Octavio Robles, RE Broker via Data Source: MIAMI MLS
Duplex Homes
Property type
Price History
date | price | variance | type |
---|
6/13/2024 | $1,395,000 | - | Listed |
listing agent: Octavio Robles