For Sale
$1,699,018

2520 191St StMiami, FL 33180

Fourplex with Development Potential

Overview

Added:
Dec 11, 2024
Days on market:
116
This 1-story, 3,037 square foot apartment building in Miami, Florida, presents a compelling investment opportunity. Built in 1970, the property comprises four units: three 1-bedroom/1-bathroom units and one 2-bedroom/2-bathroom unit. All units feature central air conditioning, newer roofing, tile floors, and hurricane shutters. Currently fully leased, the property offers immediate income potential. Situated on a 10,575 square foot lot, the zoning allows for the development of a significantly larger building (20+ units on a 4-story structure, per zoning regulations; buyers should conduct independent zoning verification). The property enjoys a prime location in a rapidly developing area with residential and mixed-use projects underway. Conveniently located near the Brightline train station, Aventura Mall, Gulfstream, and major highways, it also benefits from proximity to excellent schools, shopping, dining, houses of worship, and the Fort Lauderdale International Airport. Showings are strictly by appointment only, following the execution of a fully signed contract, and access will be granted during inspections. Do not contact tenants.

Highlights

  • $1,699,018 asking price for a fourplex in Miami, FL.
  • 3,037 square feet, four units, built in 1970, one story.
  • Located at 2520 NE 191st St, Miami, FL 33180.
  • Property sits on a 10,575 sq ft lot, zoned for potential 20+ unit, four-story building.
  • Currently fully leased with three 1 bed/1 bath and one 2 bed/2 bath units; features central AC, newer roof, tile floors, and hurricane shutters.

Property Details for 2520 191St St

Property type
Apartment buildings, Small apartment buildings
Square Feet
3,037 SF
Year Built
1970
Stories
1
Units
4

Location Insight

City
Miami
County
Miami-Dade
State
Florida
Latitude
25.9517593
Longitude
-80.1504177
2520 191St St, Miami, Florida

FAQs

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2520 191St St
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