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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Schools
Schools Nearby
The school rating is a score out of 10, where 10 is the highest and 1 is the lowest. Assigned schools have a bold outline.
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Nearby Schools
4
/10
Comstock Elementary School
2420 NW 18th Ave
Distance between this listing and this school0.46 miles
Public District Grades PK-5
6
/10
Maya Angelou Elementary School
1850 NW 32nd St
Distance between this listing and this school0.84 miles
Public District Grades PK-5
4
/10
Citrus Grove Elementary School
2121 NW 5th St
Distance between this listing and this school1.04 miles
Public District Grades PK-5
Nearby Schools
6
/10
Sports Leadership and Management (Slam) Charter Middle School
604 NW 12th Ave
Distance between this listing and this school1.15 miles
Public Charter Grades 6-8
4
/10
Citrus Grove Middle School
2153 NW 3rd St
Distance between this listing and this school1.16 miles
Public District Grades 6-8
3
/10
Mater Preparatory Academy
601 NW 12th Ave
Distance between this listing and this school1.18 miles
Public Charter Grades KG-8
Nearby Schools
7
/10
Sports Leadership of Miami Charter High School
604 NW 12th Ave
Distance between this listing and this school1.15 miles
Public Charter Grades 9-12
3
/10
Mater Virtual Academy Charter Middle/High School
601 NW 12th Ave
Distance between this listing and this school1.18 miles
Public Charter Grades 6-12
3
/10
Miami Jackson Senior High School
1751 NW 36th St
Distance between this listing and this school1.23 miles
The neighbors living near this home have an average income of $30,114. Residents of Miami, FL typically earn less than $35k each year. The most common type of family is single, no kids. The most common level of education of people living in this area is high school diploma.
This home is located at 1844 NW 19th St in Miami, FL and zip code 33125 in the Civic Center neighborhood. This 4,520 square foot home was built in 1971. It has been listed on Rocket Homes since August 06, 2024 and is currently priced at $1,400,000.
In October 2024, from all listings sold in Miami, FL there were more than 62 sold above asking price, over 507 sold below and more than 129 were sold right at the asked price. In October 2024 in Miami, FL there were 8.3% more homes for sale than in September 2024. While the average time on the market in October 2024 was 60 days, the median list price was $560,436.
From Rocket Homes Real Estate and based on county public records data.