2090 NW 31st St, Miami FL 33142

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%

This income/multifamily home located at 2090 NW 31st St, Miami FL 33142 is currently for sale and has been available on Brickellsold for 15 days. This property is listed at $5M. It has N/A beds, N/A bathrooms, and is N/A square feet. It was built in 1955. 2090 NW 31st St, Miami FL 33142 is in Miami county Miami-Dade County.