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PRESTINE DUPLEX- Miami Allapattah 1790 NW 19th St

2 Unit Block of Flats £509,866 (£254,933/Unit) 5.50% Net Initial Yield Miami, FL 33125

Investment Highlights

  • Upside potential in rental income
  • No deferred maintenance
  • Large rental demand area- near employment hubs

Executive Summary

Duplex Investor Alert!
Same owners for 30+ years—this impeccably maintained 1956 property in vibrant Allapattah, one of Miami’s most dynamic areas, is a RARE find! Both units are occupied by stable, long-term tenants on a month-to-month basis, generating $3,600 monthly with potential to increase to $4,500 without any capital expenditures. Key updates include a 6-year old roof, newer central A/C units, retiled bathrooms, and spacious kitchens with wood cabinetry. Situated on a 6,800 sq. ft. lot zoned T4-R, offering potential for redevelopment of more than 2 units. Close to employment hubs, hospitals, and the upcoming Inter Miami soccer stadium, this property is primed for steady cash flow and appreciation. Ample parking and on-site storage enhance rental appeal. This is a secure investment—don’t miss out!

Property Facts

Price £509,866
Price Per Unit £254,933
Sale Type Investment
Net Initial Yield 5.50%
Gross Rent Multiplier 12
No. Units 2
Property Type Residential
Property Subtype
Apartment
  • Apartment Buildings
Apartment Style Garden
Building Class C
Lot Size 0.14 AC
Building Size 2,331 SF
Average Occupancy 100%
Number of Floors 1
Year Built 1956
Parking Ratio 1.29/1,000 SF

Unit Mix Information

Description No. Units Avg. Rent.Mo SF
3+1 1 - -
Walk Score ®
Very Walkable (79)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

zoning

Zoning Code R-3 (Multi Medium-Density Residential)
R-3 (Multi Medium-Density Residential)
  • Listing ID: 34129723

  • Date on Market: 08/12/2024

  • Last Updated:

  • Address: 1790 NW 19th St, Miami, FL 33125

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