Interior
- Bedrooms
- 3
- Bathrooms
- 1
- Living area
- 1,256 sq ft
- Flooring
- Tile
- Cooling
- Central Air
- Heating
- Central
- Interior features
- Bedroom On Main Level, First Floor Entry
Active · SingleFamilyResidence
$1,275,000
287 NW 31st St, Miami, FL 33127
- Beds
- 3
- Baths
- 1
- Living area
- 1,256 sq ft
- $ / sq ft
- $1,015/sq ft
- Year built
- 1930
- Lot size
- 7,200 sq ft
- HOA fee
- —
- Annual tax
- $20,853
About this property
7,200 sqft lot development opportunity in the highly sought-after Wynwood Norte area. This prime T-4R property with NRD-2 Zoning Overlay offers the potential to build up to 16 units by right, with no parking requirements. The site is also well-suited for luxury townhome development. Ideally located just minutes from Wynwood, Midtown, and the Design District, with convenient access to I-95 and I-195. The property currently features a 3-bedroom, 1-bath single-family home generating approximately $3,000/month in rental income. Within walking distance to numerous restaurants, retail, entertainment venues, art galleries, and several Michelin-recognized dining spots. Positioned south of the Design District and west of Midtown, Wynwood Norte continues to experience strong growth with numerous new developments transforming the neighborhood.
Property location
Get Directions287 NW 31st St, Miami, FL 33127
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Facts & features
Exterior & Structure
- Property type
- SingleFamilyResidence
- Year built
- 1930
- Lot size
- 7,200 sq ft
- Architectural style
- One Story
- Roof
- Shingle
- Construction
- Block
- Exterior features
- Patio
- Pool
- None
- View
- None
Parking
- Garage spaces
- 0
- Covered spaces
- 0
- Parking features
- Covered, Driveway, On Street
HOA, Community & Financials
- Security
- Smoke Detectors
- Annual tax
- $20,853
- Subdivision
- WYND WOOD PARK
- County
- Miami-Dade
- Days on market
- 1
- MLS listing ID
- A11980020
- Listing status
- Active
Virtual tour
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Yield & ROI calculator
Pre-filled from this listing's price, HOA and tax record. Adjust anything to see returns update instantly.
Estimated monthly cash flow
-$3,335
- Cap rate
- 2.5%
- Net yield
- 2.5%
- Cash-on-cash return
- -11.2%
- Gross yield
- 5.4%
- Mortgage payment
- $6,044/mo
- Down payment
- $318,750
- Loan amount
- $956,250
- Annual NOI
- $32,506
Estimates only — includes 5% maintenance reserve and ~3% closing costs in cash invested. Verify taxes, HOA and insurance before making an offer.