531 NE 55th Ter, Miami, FL 33137

$1,675,000 Asking Price

3 beds
2 baths
1,896  sqft
Built in 1938

Welcome to an exceptional investment opportunity on the most desirable street in Morningside.Investor Special! Prime Opportunity in Miami's Prestigious Morningside Gated Community. Tear down and build a new or completely renovate (complete gut). Strong comps and high return potential make this a golden chance to invest in a premier Miami location. Renovation plans available upon request. Property Highlights: Impact Sliding Glass Doors and Windows:Included with the property. Comprehensive New Plans:Includes MEP, architectural, and pool plans. Pending Approvals:Expected within the next month or two. Excellent Roof Condition:Only 6-7 years old. Solid Foundation:Ready for interior renovation. Community Features: Gated Security Park with Walking Paths Tennis Courts

Features & Amenities

Interior

General:
First Floor Entry, Florida Room
Flooring:
Wood
A/C:
true, Other
Heating:
true, Other

Exterior

General:
Other
Style:
Detached, One Story
Parking:
Covered, Driveway

Construction

Roofing:
Flat Tile
General:
CBS Construction

Location

Originating MLS:
Miami Association of REALTORS®
County:
Miami-Dade County

Lot

Zoning:
0100, BAYSHORE UNIT NO 3 PB 12-50 LOT 14 BLK 25 LOT SIZE 60.000 X 109 OR 11857-2038 0783 4, 01-32-18-037-0710
View:
None

Utilities

Water:
Other
Sewer:
Public Sewer

Financial

Source:
Miami Association of REALTORS®

This listing courtesy of:
Compass Florida, LLC., Elena Evstigneeva

About Miami, FL

Housing

Number of Units
711,975
Median Home Value
$380,974
Median Rent
$1,338

49.94% of housing units are renter occupied.

8.26% are vacant.

Commute

Car
71.69%
Public Transportation
3.80%
Walk to Work
1.60%
Work from Home
21.37%
Other
1.11%

The median travel time to work is 29 minutes.

People

Population
1,830,481
Median Age
41.50
Median Household Size
2.91

Education

High School
24.77%
Associate’s Degree
8.99%
Bachelor’s Degree
21.60%
Graduate Degree
13.31%

Disclaimer: Community and Demographic information uses data from the U.S. Census Bureau but is not endorsed or certified by the Census Bureau.

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