2090 NW 31st St, Miami, FL 33142

About This Home

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%

Property Details

Parking Features

Assigned

Building & Association

Building Name

SUBURBAN PARK

Stories

1

Stories Total

1

Association

No

Lot & Construction

Lot Size Square Feet

15,299

Waterfront

No

View

No

New Construction

No

Public Records

Parcel Number

01-31-27-061-0040

Zoning

3900

County Or Parish

Miami-Dade County

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Location