1065 31St Ave Miami, FL 33125
This tastefully remodeled duplex in Miami, Florida, presents a compelling investment opportunity. Situated on a large 11,300 square foot corner lot at 1065 NW 31st Ave, 33125, this property offers significant potential. Each of the two units features three bedrooms and two bathrooms. Built in 1946, the single-story building is zoned T3O, allowing for diverse development options. The property's location near Miami International Airport and the expansive Miami Freedom Park (home to the new soccer stadium) provides excellent accessibility and proximity to amenities. The large lot size presents a unique opportunity for redevelopment, potentially allowing for the construction of up to four modern twin homes or a substantial single-family residence. Alternatively, the existing duplex could be maintained, capitalizing on its strong rental potential. Its convenient location near major highways ensures easy access to all parts of the city. This property is ideal for investors, developers, or those seeking a substantial home with significant expansion possibilities. The asking price is $895,000.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Risks
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