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    2628 31St Pl Miami, FL 33133

    For Sale
    $1,199,999

    Prime Miami Multifamily Investment Opportunity

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional 2-story, 5-unit apartment building, located at 2628 SW 31st Pl in Miami, Florida, presents a lucrative investment opportunity. Built in 1948, the property boasts a strong rental history, currently generating nearly $130,000 in gross profit as of August 19, 2024. All five units are fully furnished and recently remodeled, maximizing rental income potential. The property's convenient Miami location in Miami-Dade County, zip code 33133, ensures high occupancy rates. The building's current configuration includes a mix of apartment units, operating effectively as a short-term rental property via Airbnb. This turnkey investment is ideal for both seasoned investors and those seeking a high-return, low-maintenance property. The asking price is $1,199,999. Further details and supporting documentation are available upon request. This is a rare chance to acquire a well-maintained, high-performing multifamily property in a desirable Miami location. Don't miss this opportunity to capitalize on the robust Miami real estate market. The property is classified as a Multifamily building, specifically an Apartment Building, Duplex/Triplex/Quadruplex.

    Property Features for 2628 31St Pl

    General Information

    Property type
    Multifamily properties

    Building Details

    Year Built
    1948
    Stories
    2

    HighLights

    • Exceptional 2‑story, 5‑unit apartment building in Miami, FL.
    • Generating nearly $130,000 annual gross profit (as of 8/19/2024).
    • Fully furnished and recently remodeled units maximizing rental income.
    • Prime Miami location (33133) ensures high occupancy.
    • Currently operating as a short‑term rental (Airbnb).
    • Turnkey investment, asking price $1,199,999.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Defenders Financial Consultant

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Dental Office Hair Salon Clothing Store Nail Salon Food Market Grocery Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Miami
    County
    Miami-Dade
    State
    Florida
    Longitude
    -80.2455723
    Latitude
    25.7426428

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    FAQs

    What type of property is this?
    Multifamily property - Prime Miami Multifamily Investment Opportunity
    Where is this multifamily property located?
    The property is located at 2628 31St Pl Miami, FL.
    What is the asking price?
    The asking price for this property is $1,199,999.
    What are key features of this property?
    This property features: Exceptional 2-story, 5-unit apartment building in Miami, FL.; Generating nearly $130,000 annual gross profit (as of 8/19/2024).; Fully furnished and recently remodeled units maximizing rental income.
    Request Owner's contact information
    2628 31St Pl Miami, FL 33133
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    Miami, FL 33133
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2628 31St Pl Miami, FL 33133
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