1844 NW 19th St, Miami, 33125

  • $1,400,000

Listing UP for Sale

Miami

Overview

Property ID: A11636209
  • Property Type
  • Quadruplex
  • 4520
  • sqft
  • 1971
  • Year Built

Description

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.

  • Address 1844 NW 19th St
  • City Miami
  • State/county Florida
  • Zip/Postal Code 33125
  • Area Miami-dade County

Details

Updated on August 6, 2024 at 12:15 pm
  • Property ID: A11636209
  • Price: $1,400,000
  • Property Size: 4520 sqft
  • Year Built: 1971
  • Property Type: Quadruplex
  • Property Status: Listing UP for Sale

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