Property Description

Excellent investment opportunity in Miami. This fully stabilized and 100% occupied multifamily portfolio features 16 units, all boasting desirable 2-bedroom, 1-bathroom layouts. The property consists of four separate structures situated across two massive adjacent lots totaling 30,573 square feet of land with two separate Folios. Every unit has been remodeled with fully renovated kitchens, fresh paint, and modern finishes. Generates a strong GPI of $38,480, $461,760 annually this turnkey asset is highly efficient to run, featuring assigned parking per unit and individually..located conveniently near Allapattah station metro rail located at both addresses 2090 NW 31st St and 2081 NW 30th St. Perfect addition to any investor’s portfolio looking for immediate, hassle-free cash flow in Miami’s growing city. Perfect for investors, 1031 exchange, minimal work with a great return. NOI $375235.56 Cap Rate 7.51%

Features
Parking Features
Address Map
State:
FL
County:
Miami-Dade
City:
Miami
Zipcode:
33142
Street:
2090 Nw 31st St, Miami, Florida 33142
Longitude:
W81° 46' 13.3''
Latitude:
N25° 48' 16.3''
MLS Addon
Building Area:
15,299 Sqft
Cumulative DOM:
15
DOM:
15
Internet Address Display:
1
Internet Listing Display:
1
Parcel Number:
01-31-27-061-0040
Structure Type:
Multi Family
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Commercial Sale For Sale

2090 Nw 31st St, Miami, Florida 33142, Miami, Florida 33142

15,299 Sqft
$4,995,000
MLS # #A12054966
Basic Details
Property Type :
Commercial Sale
Listing Type :
For Sale
Price :
$4,995,000
Year Built :
1955
Lot Area :
15,299 Sqft
MLS # :
A12054966
Property Sub Type :
Multi Family
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