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1025 31st Avenue1025 31st Avenue Listing photo id 0 for 1025 31st Avenue Listing photo id 1 for 1025 31st Avenue Listing photo id 2 for 1025 31st Avenue Listing photo id 3 for 1025 31st Avenue Listing photo id 4 for 1025 31st Avenue Listing photo id 5 for 1025 31st Avenue Listing photo id 6 for 1025 31st Avenue Listing photo id 7 for 1025 31st Avenue Listing photo id 8 for 1025 31st Avenue Listing photo id 9 for 1025 31st Avenue Listing photo id 10 for 1025 31st Avenue Listing photo id 11 for 1025 31st Avenue Listing photo id 12 for 1025 31st Avenue Listing photo id 13 for 1025 31st Avenue Listing photo id 14 for 1025 31st Avenue Listing photo id 15 for 1025 31st Avenue Listing photo id 16 for 1025 31st Avenue Listing photo id 17 for 1025 31st Avenue Listing photo id 18 for 1025 31st Avenue Listing photo id 19 for 1025 31st Avenue Listing photo id 20 for 1025 31st Avenue Listing photo id 21 for 1025 31st Avenue Listing photo id 22 for 1025 31st Avenue Listing photo id 23 for 1025 31st Avenue Listing photo id 24 for 1025 31st Avenue Listing photo id 25 for 1025 31st Avenue Listing photo id 26 for 1025 31st Avenue Listing photo id 27 for 1025 31st Avenue Listing photo id 28 for 1025 31st Avenue Listing photo id 29 for 1025 31st Avenue Listing photo id 30 for 1025 31st Avenue Listing photo id 31 for 1025 31st Avenue Listing photo id 32 for 1025 31st Avenue Listing photo id 33 for 1025 31st Avenue Listing photo id 34 for 1025 31st Avenue
  • MLS#: TB8449729 ( Residential )
  • Street Address: 1025 31st Avenue
  • Viewed: 11
  • Price: $21,999,999
  • Price sqft: $9,306
  • Waterfront: No
  • Year Built: 1947
  • Bldg sqft: 2364
  • Bedrooms: 8
  • Total Baths: 5
  • Full Baths: 5
  • Garage / Parking Spaces: 2
  • Days On Market: 30
  • 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
  • DMCA Notice
  • 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!
Features
Appliances
  1. Other
Home Owners Association Fee
  1. 0.00
Carport Spaces
  1. 2.00
Close Date
  1. 0000-00-00
Cooling
  1. Central Air
Country
  1. US
Covered Spaces
  1. 0.00
Exterior Features
  1. Other
Flooring
  1. Other
Furnished
  1. Negotiable
Garage Spaces
  1. 0.00
Heating
  1. Central
  2. Electric
Insurance Expense
  1. 0.00
Interior Features
  1. Other
Legal Description
  1. 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
  1. One
Living Area
  1. 2432.00
Area Major
  1. 33125 - Miami
Net Operating Income
  1. 0.00
Occupant Type
  1. Tenant
Open Parking Spaces
  1. 0.00
Other Expense
  1. 0.00
Parcel Number
  1. 01-3133-021-0170
Property Type
  1. Residential
Roof
  1. Other
Sewer
  1. Public Sewer
Tax Year
  1. 2024
Township
  1. 53
Utilities
  1. Other
Views
  1. 11
Virtual Tour Url
  1. https://www.propertypanorama.com/instaview/stellar/TB8449729
Water Source
  1. Public
Year Built
  1. 1947
Zoning Code
  1. 0100