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1025 31st Avenue
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PRICED AT ONLY: $536,900

Address: 1025 31st Avenue, MIAMI, FL 33125

Description

this may be one of the biggest investment opportunities to hit the miami market this year. Centrally located just minutes from the airport, major highways, restaurants, and the citys core, this property offers an extremely rare chance to secure eight total units on a single lot at an unbelievable value! The main home is a renovated 3 bed, 1 bath with great curb appeal, a carport, a wide driveway, and extra parking. Inside, it features a bright open layout, wood look floors, modern kitchen with warm cabinetry and a built in bar, and an updated bath. Roof, ac, and water heater were replaced within the past year! In the backyard, the property transforms into a true income generating compound with seven additional units. Several have partial updates, while others need light tlc, and the deep lot provides impressive space and potential. Current rental setup: the main 3/1 is vacant. Three separate 1/1s bring in $1,100 and $1,200 per month, with one currently vacant. Another 1/1 with a kitchen brings in $2,000. Two shed/storage units sit in the back one currently being used for storage, the other rented for $500. All tenants are on month to month verbal agreements. As is, the seller collects $4,800 per month, with three units including the main house vacant, and existing are below market. With minimal improvements and proper leasing, you can significantly increase rents, fill vacancies, and realistically double or even triple the income, boosting cash flow and long term value. Home is sold as is; buyer should verify any zoning or city requirements for continuing the current setup. This is a rare chance to secure a high upside investment compound in the heart of miami. Opportunities with this level of cash flow potential, expansion possibilities, and long term value simply dont hit the market often. Move quickly deals like this do not last!
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  • MLS#: TB8449729 ( Residential )
  • Street Address: 1025 31st Avenue
  • Viewed: 68
  • Price: $536,900
  • Price sqft: $227
  • Waterfront: No
  • Year Built: 1947
  • Bldg sqft: 2364
  • Bedrooms: 8
  • Total Baths: 5
  • Full Baths: 5
  • Garage / Parking Spaces: 2
  • Days On Market: 57
  • Additional Information
  • Geolocation: 25.7824 / -80.2462
  • County: MIAMI DADE
  • City: MIAMI
  • Zipcode: 33125
  • Subdivision: Borel Sub
  • Provided by: RICHARD PETERS REALTY LLC
  • Contact: Ronald Ryder
  • 352-448-9712
  • mfrmls
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Features
Building and Construction
  • Covered Spaces: 0.00
  • Exterior Features: Other
  • Flooring: Other
  • Living Area: 2432.00
  • Roof: Other
Garage and Parking
  • Garage Spaces: 0.00
  • Open Parking Spaces: 0.00
Eco-Communities
  • Water Source: Public
Utilities
  • Carport Spaces: 2.00
  • Cooling: Central Air
  • Heating: Central, Electric
  • Sewer: Public Sewer
  • Utilities: Other
Finance and Tax Information
  • Home Owners Association Fee: 0.00
  • Insurance Expense: 0.00
  • Net Operating Income: 0.00
  • Other Expense: 0.00
  • Tax Year: 2024
Other Features
  • Appliances: Other
  • Country: US
  • Furnished: Negotiable
  • Interior Features: Other
  • Legal Description: BOREL SUB PB 47-89 LOT 17 BLK 1 LOT SIZE SITE VALUE OR 18993-2107 02 2000 1 COC 25600-4233 04 2007 1
  • Levels: One
  • Area Major: 33125 - Miami
  • Occupant Type: Tenant
  • Parcel Number: 01-3133-021-0170
  • Views: 68
  • Zoning Code: 0100

Contact Info

  1. Broker IDX Sites Inc.
  2. A Winning Team
Broker IDX Billing System