1025 31ST AVENUE MIAMI FL 33125
Overview of 1025 Nw 31st Ave
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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!
This lovely single family home was built in 1947 and features 8 bedrooms, and 5 full bathrooms. This home for sale is 2,364 square feet, with 2,432 sq ft being air conditioned living space. The home has a does not have a private swimming pool.
Directions to this property are as follows: Merge Onto Fl-112 E. Take The Exit Toward Nw 22nd Ave. Turn Right Onto Nw 22nd Ave. Continue Straight For About 1.3 Miles. Turn Left Onto Nw 14th St. Continue For 0.4 Miles, Then Turn Right Onto Nw 31st Ave. The Property Will Be On Your Right Shortly After.
Please contact your ZFC agent for more information about MLS# MFRTB8449729 or any other homes for sale in Miami or elsewhere in the Miami-Dade County area.
1025 Nw 31st Ave Price Calculator
The payment calculator figures for 1025 Nw 31st Ave should be used as an estimate only. Loan terms including interest rate, and required downpayment will vary with each lender and/or individual. RE taxes for this home for sale are estimated based on the actual property taxes for this property for the tax year 2024 which are $9,499 but will likely change when this home sells. These estimations are calculated from a list price of $544,999 and a 25% down payment and do not include homeowners insurance which will vary greatly depending on the home characteristics and location.
Recent Home Sales near 1025 Nw 31st Ave
MLS# MFRTB8449729 Listing History
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Map of 1025 Nw 31st Ave Miami FL 33125
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The data relating to homes for sale or lease or other real estate for sale or for rent on the ZFC website comes in part from a cooperative data exchange program of the MLS in which this Broker participates. The real estate displayed may not be all of the homes in the database, or all of the properties listed with Brokers participating in the cooperative data exchange program. Homes for sale that are listed by Brokers other than this Broker are marked with either the listing Broker's name or the MLS name or a logo provided by the MLS and the details page about such properties includes the name of the listing Brokers. Information provided is thought to be reliable but is not guaranteed to be accurate; you are advised to verify facts that are important to you. No warranties, expressed or implied, are provided for the data herein, or for their use or interpretation by the user. ZFC, the Florida Association of Realtors and its cooperating Multiple Listing Services do not create, control or review the property data displayed herein and take no responsibility for the content of such records. Federal law including the fair housing act prohibits discrimination on the basis of race, color, religion, sex, handicap, familial status or national origin in the sale, rental or financing of housing. IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed.
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