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2080-2090 NW 31st St 20 Unit Apartment Building $4,995,000 ($249,750/Unit) 7.51% Cap Rate Miami, FL 33142
Investment Highlights
- Parking assigned per unit
- Fully occupied
- All units 2 bed/ 1 bath
Executive Summary
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%
Property Facts
| Price | $4,995,000 | Building Class | C |
| Price Per Unit | $249,750 | Lot Size | 0.70 AC |
| Sale Type | Investment | Building Size | 20,000 SF |
| Cap Rate | 7.51% | Average Occupancy | 100% |
| Sale Condition | 1031 Exchange | No. Stories | 1 |
| No. Units | 20 | Year Built | 1955 |
| Property Type | Multifamily | Parking Ratio | 0.95/1,000 SF |
| Property Subtype | Apartment | Opportunity Zone |
Yes
|
| Apartment Style | Low-Rise | ||
| Zoning | 3900 - Residential | ||
| Price | $4,995,000 |
| Price Per Unit | $249,750 |
| Sale Type | Investment |
| Cap Rate | 7.51% |
| Sale Condition | 1031 Exchange |
| No. Units | 20 |
| 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 | 0.95/1,000 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 | 20 | - | - |
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