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2080-2090 NW 31st St 16 Unit Apartment Building $4,569,000 ($285,563/Unit) 8.21% Cap Rate Miami, FL 33142
Investment Highlights
- Parking assigned per unit
- Fully occupied
- All units 2 bed/ 1 bath
Executive Summary
Deal Highlights:
• New Price: $4,995,000
• Total Units: 16 Units – All desirable 2-Bedroom / 1-Bathroom configurations.
• Occupancy: 100% Fully Occupied with strong rental history.
• Condition: Fully remodeled and upgraded! The units feature full renovations, upgraded kitchens, new cabinets, and modern finishes.
• Monthly Gross Income: $38,480 ($461,760 Gross Annually).
Property Snapshot:
• Addresses & Folios:
- 2090 NW 31st St, Miami (Folio: 01-3127-061-0040)
- 2081 NW 30th St, Miami (Folio: 01-3127-061-0060)
• Total Lot Size: 30,573 Sq.Ft. (15,299 Sq.Ft. + 15,274 Sq.Ft.)
• Layout: Four separate structures (Year Built: 1955).
• Parking: Dedicated assigned parking spaces per unit.
• Utilities: Electricity is paid entirely by the tenants.
Annual Expense Summary:
• Total Property Taxes: $39,358.44
• Insurance (Flood, Liability, Hazard): $21,727
• Water & Sewer: $11,482
• Trash Removal: $7,497
• Landscaping & Maintenance: $5,520
• Admin & Licenses: $2,500
Please let us know if you would like to receive the full financial breakdown, detailed rent roll, or schedule a site visit this week.
• New Price: $4,995,000
• Total Units: 16 Units – All desirable 2-Bedroom / 1-Bathroom configurations.
• Occupancy: 100% Fully Occupied with strong rental history.
• Condition: Fully remodeled and upgraded! The units feature full renovations, upgraded kitchens, new cabinets, and modern finishes.
• Monthly Gross Income: $38,480 ($461,760 Gross Annually).
Property Snapshot:
• Addresses & Folios:
- 2090 NW 31st St, Miami (Folio: 01-3127-061-0040)
- 2081 NW 30th St, Miami (Folio: 01-3127-061-0060)
• Total Lot Size: 30,573 Sq.Ft. (15,299 Sq.Ft. + 15,274 Sq.Ft.)
• Layout: Four separate structures (Year Built: 1955).
• Parking: Dedicated assigned parking spaces per unit.
• Utilities: Electricity is paid entirely by the tenants.
Annual Expense Summary:
• Total Property Taxes: $39,358.44
• Insurance (Flood, Liability, Hazard): $21,727
• Water & Sewer: $11,482
• Trash Removal: $7,497
• Landscaping & Maintenance: $5,520
• Admin & Licenses: $2,500
Please let us know if you would like to receive the full financial breakdown, detailed rent roll, or schedule a site visit this week.
Property Facts
| Price | $4,569,000 | Building Class | C |
| Price Per Unit | $285,563 | Lot Size | 0.70 AC |
| Sale Type | Investment | Building Size | 20,000 SF |
| Cap Rate | 8.21% | Average Occupancy | 100% |
| Sale Condition | 1031 Exchange | No. Stories | 1 |
| No. Units | 16 | Year Built | 1955 |
| Property Type | Multifamily | Parking Ratio | 0.8/1,000 SF |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Low-Rise | ||
| Zoning | 3900 - Residential | ||
| Price | $4,569,000 |
| Price Per Unit | $285,563 |
| Sale Type | Investment |
| Cap Rate | 8.21% |
| Sale Condition | 1031 Exchange |
| No. Units | 16 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.70 AC |
| Building Size | 20,000 SF |
| Average Occupancy | 100% |
| No. Stories | 1 |
| Year Built | 1955 |
| Parking Ratio | 0.8/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | 3900 - Residential |
Amenities
Unit Amenities
- Kitchen
- Refrigerator
- Oven
- Tub/Shower
Site Amenities
- Trash Pickup - Curbside
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| Studios | 16 | - | - |
1 1
Very walkable
80/100
Fairly drivable
50/100
Good public transit
60/100
Fairly bikeable
40/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $0 | |
| Land Assessment | $0 | Total Assessment | $1,964,293 |
Property Taxes
Parcel Numbers
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$1,964,293
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Contact the Sale Advisor
2080-2090 NW 31st St