2090 NW 31st St, Miami FL 33142
Miami, FL 33142
$4,569,000
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- Price
- $4,569,000
- Building size
- 15,299
- Property type
- Income/MultiFamily
- Year built
- 1955
- Lot size (sq ft)
- 15,299
- MLS number
- A12054966
This listing is courtesy of Lifestyle International Realty, 305-809-8085.
About this property
Excellent investment opportunity in Miami. This 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%
Details
- Property type
- Income/MultiFamily
- Year built
- 1955
- Lot size (sq ft)
- 15,299
Location
Listing information is deemed reliable but is not guaranteed accurate by MIAMI REALTORS®.
Newmar Brokerage, LLC