1844 NW 19th St Active Save Request In-Person Tour Request Virtual Tour
Miami,FL 33125
Key Details
Property Type Multi-Family
Sub Type Quadruplex
Listing Status Active
Purchase Type For Sale
Square Footage 4,520 sqft
Price per Sqft $309
Subdivision Marldale Sub
MLS Listing ID A11636209
Style Fourplex
Year Built 1971
Annual Tax Amount $14,896
Tax Year 2023
Property 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.
Location
State FL
County Miami-dade
Community Marldale Sub
Area 31
Interior
Heating Other
Cooling Electric,Wall/Window Unit(s)
Flooring Terrazzo
Exterior
Exterior Feature Balcony
Pool None
Utilities Available Cable Not Available
Waterfront No
Roof Type Concrete
Building
Lot Description < 1/4 Acre
Story 2
Sewer Public Sewer
Structure Type Brick,Block
Others
Acceptable Financing Cash,Conventional
Listing Terms Cash,Conventional