Active

$549,900

Features:
  • 8 Bedrooms
  • 5 Bathrooms
  • 2432 sq ft
Overview
  • ID: MFRTB8449729
  • Bedrooms: 8
  • Bathrooms: 5
  • Size: 2432 sq ft
Property Details
Remarks
This may be one of the BIGGEST investment opportunities to HIT the MIAMI MARKET THIS YEAR. Centrally located just minutes from the airport, major highways, restaurants, and the city’s core, this property offers an extremely rare chance to secure EIGHT TOTAL UNITS on a single lot at an UNBELIEVABLE VALUE! The main home is a renovated 3-bed, 1-bath with great curb appeal, a carport, a wide driveway, and extra parking. Inside, it features a bright open layout, wood-look floors, modern kitchen with warm cabinetry and a built-in bar, and an updated bath. Roof, AC, and water heater were REPLACED WITHIN THE PAST YEAR! In the backyard, the property transforms into a true income-generating compound with seven additional units. Several have partial updates, while others need light TLC, and the deep lot provides impressive space and potential. Current rental setup: the main 3/1 is vacant. Three separate 1/1s bring in $1,100 and $1,200 per month, with one currently vacant. Another 1/1 with a kitchen brings in $2,000. Two shed/storage units sit in the back- one currently being used for storage, the other rented for $500. All tenants are on month-to-month verbal agreements. As-is, the seller collects $4,800 per month, with three units- including the main house- vacant, and existing are below market. With minimal improvements and proper leasing, you can significantly increase rents, fill vacancies, and realistically double or even triple the income, boosting cash flow and long-term value. Home is sold as-is; buyer should verify any zoning or city requirements for continuing the current setup. This is a rare chance to secure a high-upside investment compound in the heart of Miami. Opportunities with this level of cash-flow potential, expansion possibilities, and long-term value simply don’t hit the market often. Move quickly- deals like this do not last! <NO ASSIGNABLE CONTRACTS>
Financial Considerations
Price:
$549,900
HOA Fee:
N/A
Tax Amount:
$9499.07
Price per SqFt:
$226.11
Tax Legal Description:
BOREL SUB PB 47-89 LOT 17 BLK 1 LOT SIZE SITE VALUE OR 18993-2107 02 2000 1 COC 25600-4233 04 2007 1
Exterior Features
Lot Size:
6667
Lot Features:
N/A
Waterfront:
No
Parking Spaces:
N/A
Parking:
N/A
Roof:
Other
Pool:
No
Pool Features:
N/A
Interior Features
Bedrooms:
8
Bathrooms:
5
Heating:
Central, Electric
Cooling:
Central Air
Appliances:
Other
Furnished:
Yes
Floor:
Other
Levels:
One
Additional Features
Property Sub Type:
Single Family Residence
Style:
N/A
Year Built:
1947
Construction Type:
Block, Stucco
Garage Spaces:
No
Covered Spaces:
N/A
Direction Faces:
West
Pets Allowed:
No
Special Condition:
None
Additional Features:
Other
Additional Features 2:
N/A
Map
  • Address
    1025 NW 31ST AVE
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