Active

$825,000

Features:
  • 16 Bedrooms
  • 8 Bathrooms
  • 6150 sq ft
Overview
  • ID: MFRO6317305
  • Bedrooms: 16
  • Bathrooms: 8
  • Size: 6150 sq ft
Property Details
Remarks
This updated 2-Bedroom Multifamily Unit is a standout opportunity for investors seeking strong cash flow and long-term appreciation. Fully rent-ready, the unit features new flooring, fresh interior paint, a modern kitchen with updated appliances, a stylishly renovated bathroom, and a brand-new washer and dryer. The property is ideally located just 1.8 miles—or a quick 5-minute drive—from the University of Florida, placing it squarely in the path of strong, year-round rental demand. It’s also just 6 minutes from the Florida Museum of Natural History and close to major retail hubs, including Publix, Walmart, and The Oaks Mall. This location ensures convenience for tenants and adds to the property's long-term rental appeal. Operationally, this asset is investor-friendly. All units are separately metered, and tenants are responsible for their own utilities—including water, sewer, and trash—keeping your expenses low and margins healthy. Most of the building's units have been similarly updated, which minimizes future capital expenditures and supports tenant satisfaction and retention. For serious investors looking to expand their portfolio with a low-maintenance, high-demand rental in a growth market, this property offers both immediate income and future upside.
Financial Considerations
Price:
$825,000
HOA Fee:
166
Tax Amount:
$8209.79
Price per SqFt:
$134.15
Tax Legal Description:
PHOENIX S/D PHASE 2 PB K-33 LOT 49 OR 3524/0316
Exterior Features
Lot Size:
8712
Lot Features:
N/A
Waterfront:
No
Parking Spaces:
N/A
Parking:
N/A
Roof:
Shingle
Pool:
No
Pool Features:
N/A
Interior Features
Bedrooms:
16
Bathrooms:
8
Heating:
Central
Cooling:
Central Air
Appliances:
N/A
Furnished:
No
Floor:
Vinyl
Levels:
N/A
Additional Features
Property Sub Type:
Multi Family
Style:
N/A
Year Built:
1981
Construction Type:
Block
Garage Spaces:
No
Covered Spaces:
N/A
Direction Faces:
N/A
Pets Allowed:
No
Special Condition:
None
Additional Features:
Other
Additional Features 2:
N/A
Map
  • Address
    2404 SW 31ST PL
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