1931 Northwest 1st Terrace

Miami, FL 33125

$555,000
Last Sold Price
Beds
1,120 Sq. Ft.
$496 / Sq. Ft.
1,120
Sq. Ft.
$496
per Sq. Ft.

Description

Updated building with upside in the red-hot Little Havana market. Originally constructed in 1956 and recently renovated in 2022. Great opportunity for both owner users and investors. This duplex has been renovated, with all new flooring, impact windows and doors, new kitchen cabinets with quartz countertops and new stainless-steel appliances. This building is poised for years of maintenance free headaches. Within close proximity to Brickell, Downtown Miami and Wynwood providing easy access to all...Updated building with upside in the red-hot Little Havana market. Originally constructed in 1956 and recently renovated in 2022. Great opportunity for both owner users and investors. This duplex has been renovated, with all new flooring, impact windows and doors, new kitchen cabinets with quartz countertops and new stainless-steel appliances. This building is poised for years of maintenance free headaches. Within close proximity to Brickell, Downtown Miami and Wynwood providing easy access to all parts of the city. This opportunity provides an investor or owner user to own an easily manageable property with a good unit mix in a strong rental market poised for long term growth Work horse with a proforma cap rate of 7.8%
  1. Listed by Leonardo Delgado, Jr. • Resivest Realty LLC

Property Details for 1931 Northwest 1st Terrace

Subdivision
NORRIS PARK
Style
Duplex
Waterfront
No
Area
41
Auction
No
Total Units
2
Num Stories
1
Sq Ft Total
1296

Location

Listing Courtesy of Resivest Realty LLC

Sold By Passion Realty Inc

Add your commute
LISTING UPDATED: 09/13/2022 10:48 PM

Property Details for 1931 Northwest 1st Terrace

StatusClosed
MLS #A11250716
Days on Market8
Taxes$4,849 / year
HOA Fees-
Condo/Co-op Fees-
Compass TypeMulti Family
MLS TypeResidential Income / Duplex
Year Built1956
Lot Size-
CountyMiami-Dade County

Location

Listing Courtesy of Resivest Realty LLC

Sold By Passion Realty Inc

Add your commute

Building Information for 1931 Northwest 1st Terrace

Stories-Residences2Year Built1956Building Size-Lot Size-

Payment Calculator

$3,433 per month

30 year fixed, 7.25% Interest

Principal and Interest

$3,029

Property Taxes

$404

HOA Dues

$0

The Payment Calculator is for illustrative purposes only.

Property Information for 1931 Northwest 1st Terrace

Location Information
Location Information
  • Parcel Number Free Text: 01-41-03-010-0231
  • Parcel Number MLX: 0231
  • MLS Area: 41
  • Municipal Code: 1
  • Township Range: 41
  • Section: 3
  • Subdivision Number: 10
  • Subdivision Complex Bldg: NORRIS PARK
  • Unit Count: 2
  • Zoning Information: 5700
General Information
Parking
  • Num Parking Spaces: 4
General Information
  • Property Type Information: Detached, Substantially Remodeled
  • Lot Description: Less Than 1/4 Acre Lot
Additional Property Information
Utilities
  • Heating Description: Heat Pump/Reverse Cycle
  • Cooling Description: Central Cooling
  • Water Description: Municipal Water
  • Sewer Description: Municipal Sewer
  • Separate Meter: Yes
  • Cable Available: Yes
Additional Property Information
  • Guest Accommodations: No
  • Rent Includes: Lawn Care, Trash Removal
Financial Information
Financial Information
  • Type of Association: None
  • Flood Zone: X
  • Tax Year: 2022
  • Tax Information: Tax Reflects No Exemptions
  • Information Available: Deposit - Security, Copy Of Lease(S), Rent Rolls

Property History for 1931 Northwest 1st Terrace

DateEvent & SourcePriceAppreciation
DateEvent & SourcePrice

For completeness, Compass often displays two records for one sale: the MLS record and the public record.

Public Records for 1931 Northwest 1st Terrace

Taxable ValueLand$201,677Additions$193,683Total$395,360
Tax Record2023$8,887 ($741 / month)
Home Facts
Total Finished SqFt1,512 SqFtAbove Grade Finished SqFt1,512 SqFtStories1Lot Size4,200 SqFtStyleDuplexYear Built1956Year Renovated2006Zoning5700:DUPLEXESCountyMIAMI-DADEAPN01-4103-010-0231

Schools near 1931 Northwest 1st Terrace

This home is within Miami-Dade.
Rating
School
Type
Grades
Distance
Public - PK to 5
Public - PK to 8
Public - 6 to 8
Public - 9 to 12
Rating
School
Distance
Citrus Grove Elementary School
PublicPK to 5

Citrus Grove Middle School
Public6 to 8

Robert Morgan Voc-Tech Institute
Public9 to 12

School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.

Similar Homes

Sorry, we can't find any similar homes at this time. Please check back later.

Similar Sold Homes

Sorry, we can't find any similar sold homes at this time. Please check back later.

No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.

Listing Courtesy of Resivest Realty LLC

Based on information from one of the following Multiple Listing Services: Beaches Multiple Listing Service, Inc., Martin County REALTORS® of the Treasure Coast, Inc., Miami Association of REALTORS®. Information being provided is for the visitor’s personal, noncommercial use and may not be used for any purpose other than to identify prospective properties visitor may be interested in purchasing. The data contained herein is copyrighted by Beaches Multiple Listing Service, Inc., Martin County REALTORS® of the Treasure Coast, Inc., Miami Association of REALTORS® is protected by all applicable copyright laws. Any dissemination of this information is in violation of copyright laws and is strictly prohibited. Property information referenced on this web site comes from the Internet Data Exchange (IDX) program of the MLS. This web site may reference real estate listing(s) held by a brokerage firm other than the broker and/or agent who owns this web site. For the avoidance of doubt, the accuracy of all information, regardless of source, is deemed reliable but not guaranteed and should be personally verified through personal inspection by and/or with the appropriate professionals.