1844 Nw 19th St St
Miami, Florida
$1,400,000 Rental Price
- Bedrooms   - Baths

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...

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.

Listing courtesy of InteRealty Properties, LLC

 

Listing Details

Miami, Florida
Type: Rental
Price: $1,400,000
Approx. square footage: 4,520 sf
Last Updated: 9/30/2024
Web ID: 11636209
MLS ID: A11636209

Info & Amenities

Type: Quadruplex
Built: 1971
Pool: Yes

Listing Agent(s)