1025 NW 31ST AVE, MIAMI, FL, 33125
$549,900
Residential
Bedrooms
8
Bathrooms
5
Living Area
2,432 Sqft
Lot Size
6,667 Sqft
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!
Property Details
Property Features Property Features
MLS ID: MFRTB8449729 Year Built: 1947
Appliances: Other Construction Materials: Block, Stucco
Cooling: Central Air Country: US
County Or Parish: Miami-Dade Direction Faces: West
Exterior Features: Other Flooring: Other
Foundation Details: Block, Slab Furnished: Negotiable
Heating: Central, Electric Laundry Features: Other
Levels: One Listing Agreement: Exclusive Right To Sell
Listing Terms: Cash, Conventional Occupant Type: Tenant
Property Sub Type: Single Family Residence Property Type: Residential
Road Surface Type: Asphalt, Concrete Roof: Other
Sewer: Public Sewer Showing Requirements: Call Listing Agent
Special Listing Conditions: None Standard Status: Active
State Or Province: FL Utilities: Other
Water Source: Public
Rooms Rooms
Primary Bedroom: Living Room:
Kitchen:
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