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Residential Income
$1,400,000
1844 NW 19th St Miami, FL

A11636209

285 of 459 for Sale
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an agent
  • Listed On:

    Aug 6, 2024
  • Days on Market:

    91
  • Year:

  • Taxes:

    $14,896 per year
  • Floor Description:

    Terrazzo
  • Occupancy:

  • Zoning:

  • Parking:

1844 NW 19th St Miami, FL This 6-unit apartment building features 2 units with 2 bedrooms and 1 bathroom each, and 4 units with 1 bedroom and 1 bathroom each. Currently, 4 units are occupied, generating a monthly income of $3,650. The rents are significantly below market rates and can conservatively be raised to $1,800 for the 1-bedroom units and $2,000 for the 2-bedroom units, bringing in over $11,200 per month. The projected yearly income is approximately $134,400. The property includes separate electric meters, two balconies, 8 private parking spaces, and has undergone a 40/50 year recertification in 2023. Located just minutes from downtown Miami, this building represents an excellent investment in a dynamic area with strong rental demand and a growing population, ensuring long-term appreciation.

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For Sale Details

  • Floor Description

    Terrazzo

  • Heating Description

    Other

  • Photo Count

    18

  • Property Type

    Residential Income

  • Terms Considered

    All Cash, Conventional

  • Year Built

    1971

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