Commercial Real Estate

CommercialSaleHotelMotelMultifamilyFLMiami2090, 31st St, Miami, FL, 33142

Basics

Description

  • Description:

    SUBURBAN PARK PB 61-74 W9FT LOT 3 & ALL OF LOTS 4 & 5 LOT SIZE 15299 SQUARE FEET OR 20569-3764 08 2002 2 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%

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Building Details

  • Building Name: SUBURBAN PARK
  • Structure Type: MultiFamily
  • Covered Spaces: 0
  • Levels: One
  • Number Of Buildings: 4

Amenities & Features

  • Parking Features: Assigned

Miscellaneous

  • List Office Name: Lifestyle International Realty
  • Listing Terms: Cash,Conventional,Other

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This , -type commercial real estate is located in 2090, 31st St, Miami, FL, 33142 was built in 1955, and is listed at $4,995,000.

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