2080-2090 NW 31st St - Apartments FOR SALE


Miami, FL 33142- Allapattah
$4,995,000 USD
305-588-0323
2080-2090 NW 31st St, Miami, FL for Sale
$4,995,000 USD
Apartments - FOR SALE
1/3
null | 7.51% Cap Rate

2080-2090 NW 31st St
Miami, FL 33142
Allapattah


HIGHLIGHTS

  • Parking assigned per unit
  • All units 2 bed/ 1 bath
  • Fully occupied

OVERVIEW

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%

FOR SALE DETAILS

PRICE

$4,995,000 USD

PRICE/SF

$250 USD /SF

# OF UNITS

20

PRICE/UNIT

$249,750

CAP RATE

7.51%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1955

PARKING SPACES

19

LAND DETAILS

LAND ACRES

0.7 AC

LAND SF

30,492 SF

ZONING

3900

APN/PARCEL ID

01-3127-061-0040,01-3127-061-0060

ASK ABOUT THIS PROPERTY

Massiel PerdomoLifestyle International RealtyMore Info
305-588-0323

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Massiel PerdomoLifestyle International RealtyMore Info
305-588-0323

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.