1738 NW 31st Street

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1738 NW 31st Street

Miami, FL 33142
Asking Price
$395K
Asset Type
Residential Land
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • Residential land parcel totaling 5,995 square feet for sale.
  • Property is currently cleared and ready for immediate development.
  • Zoning designation for the site is T3-O.
  • Asking price for this Miami development opportunity is $395,000.
  • Located in an established residential submarket within Miami, Florida.

What's Special

This residential land asset spans 5,995 square feet at 1738 NW 31st Street in Miami, Florida. Situated within a T3-O zoned parcel, the site is cleared and ready for development in a key sector of the Miami metro area. The property presents a functional layout for developers looking to execute residential projects in this dense urban market. Proximity to regional transit corridors and the economic activity of the city positions this lot as a viable option for residential builders. Given the current zoning, the site supports various residential development applications tailored to the local housing demand. Investors and builders will find this property serves as a blank canvas for new construction projects in an established neighborhood.

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NOI
$80,000
Cap Rate
20.25%
DSCR
3.41
Strong
Cash-on-Cash
47.72%
Monthly Payment
$1,954.244
Annual Cash Flow
$56,549.066

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