Bill Barnaba
    Bill Barnaba
    (813) 316-7288billbarnaba1@gmail.com
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      billbarnaba1@gmail.com
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      My Florida Regional MLS DBA Stellar MLS

      IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Some IDX listings have been excluded from this website. Listing Information presented by local MLS brokerage: Bill Barnaba

      $549,900
      For Sale

      1025 NW 31ST AVENUE

      Miami, FL 33125
      2364 sqft | 8 beds | 5 baths | 0.15 acres | #TB8449729
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      36 photos
      Type:Purchase
      Structure:House
      Zone:Residential

      Description

      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>

      • Property Details
          • Property SubtypeSingle Family Residence
          • Sewer InformationPublic Sewer
          • FoundationBlock, Slab
          • CountyMiami-Dade
          • SubdivisionBOREL SUB
          • MLS #TB8449729
          • MLS #TB8449729
          • Property TypePurchase
          • Original List Price$549,900
          • Utility SourcePublic
          • Taxes Annual$9,499
          • Cost549900
          • InteriorOther
          • Exterior MaterialsOther
          • Utility FeaturesOther
          • Acres0.15
          • Square Feet2364
          • Year Built1947
          • Bedrooms8
          • Bathrooms5
          • Full Baths5
          • Stories1
          • Days on Market (Cumulative)1

      Location

      Legal

      IDX information is provided exclusively for personal, non-commercial use, and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Some IDX listings have been excluded from this website. Listing Information presented by local MLS brokerage: Bill Barnaba

      Last Updated: Yesterday at 6:55 PM. Source: SMLS

      Provided By
      Listing Agent: Ronald Ryder (#MFR279669042)
      Listing Office: RICHARD PETERS REALTY LLC (#MFR261597099)

      Bill BarnabaReal Estate Group
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