1844 19th St ,Quadruplex, Marldale Sub for Sale

1844 19th St for Sale

Price $1,400,000.00

• Lot size 4520
• Year Build 1971
• Waterfront
• Zip 33125
• Style
• Parking Description
• Pool Yes
• Status Active

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.

Submit all offers via MLS Offers: https://www.mlsoffers.com/propertysearch.php?mls=

34 53 41 MARLDALE SUB PB 4-166 LOT 19 LOT SIZE 7004 SQ FT OR 18284-4305 0998 1

Less Than 1/4 Acre Lot

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.

City:Miami,Zoning:3900,Cooling:1:Wall/Window Unit(s),List A O R:A-Miami Association of REALTORS,Stories:2,Tax Year:2023,Latitude:25.7930319,Cooling Y N:1,Heating Y N:1,List Price:1400000,Listing Id:A11636209,Longitude:-80.2262642,Mls Status:Active,Year Built:1971,Living Area:4520,Postal Code:33125,Street Name:19th St,Coordinates:1:25.7930319,Photos Count:18,Building Name:MARLDALE SUB,Days On Market:1,Listing Terms:1:Conventional,Lot Size Units:Square Feet,M I A M I R E_ Area:31,M L S Area Major:Marldale Sub,On Market Date:2024-08-05,Parcel Number:01-31-34-012-0190,Parking Total:8,Property Type:Residential Income,Stories Total:2,Street Number:1844,M I A M I R E_ Style:Fourplex,Public Remarks: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.,Structure Type:1:Fourplex,County Or Parish:Miami-Dade County,List Office Name:InteRealty Properties, LLC,Standard Status:Active,Window Features:1:Impact Glass,Living Area Units:Square Feet,Major Change Type:New,Postal Code Plus4:1441,Property Sub Type:Quadruplex,State Or Province:FL,Street Dir Prefix:NW,Subdivision Name:MARLDALE SUB,Tax Annual Amount:14896,Unparsed Address:1844 NW 19th St, Miami FL 33125,Listing Agreement:Exclusive Agency,Year Built Details:Resale,Building Area Total:4520,Building Area Units:Square Feet,M I A M I R E_ L P Amt Sq Ft:309.7345,Original List Price:1400000,Public Survey Range:31,I D X Participation Y N:1,Syndication Remarks: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 Contract Date:2024-08-05,Originating System I D:miamire,Public Survey Section:34,Showing Instructions:Appointment Only,Call Listing Agent,Street Number Numeric:1844,Tax Legal Description:34 53 41 MARLDALE SUB PB 4-166 LOT 19 LOT SIZE 7004 SQ FT OR 18284-4305 0998 1,Public Survey Township:31,Construction Materials:1:CBS Construction,Originating System Name:Miami Association of REALTORS?,M I A M I R E_ Adjusted Area S F:3841,M I A M I R E_ Internet Remarks:Please submit all offers with proof of funds. Excellent investment with strong rental demand and growth potential.,Contract Status Change Date:2024-08-05,Internet Address Display Y N:1,Number Of Units In Community:4,M I A M I R E_ Ok To Advertise List:No,Internet Entire Listing Display Y N:1,M I A M I R E_ R A T I O_ Current Price_ By_ S Q F T:309.73,