19 NORTH EAST 48TH ST, Miami
$1,490,000 USD
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| Address | 19 NORTH EAST 48TH ST, Miami |
| Building Name | SHADOWLAWN |
| Type of Property | Duplex |
| Property Style | Duplex |
| Price | $1,490,000 |
| Property Status | Active |
| MLS Number | A11897553 |
| Living Area | 2224 |
| Year Built | 1926 |
| Parking Space Number | 6 |
| Folio Number | 01-31-24-017-0220 |
| Zoning Information | 0104 |
| Days on Market | 17 |
Detailed Description: Newly renovated Luxury Duplex in the heart of Miami’s Design District—an Investor’s Dream in one of the fastest-appreciating zip codes in Miami. This Cash-Flow Property offers 4 separate entrances and a hotel-style connecting door, allowing EASY CONVERSION into 4 income-producing units. One unit is rented for $3,200 (UNDER MARKET VALUE DUE to KICK-OUT CLAUSE); the other is vacant with rental comps of $5,500– $5,750. OVER $250K in UPGRADES including new roof, metal foundation, HVAC, and $35K in tropical landscaping. Steps from Midtown and the Miami Design District. This East Buena Vista gem is located in a rapidly appreciating neighborhood. Potential to MAXIMIZE INCOME with Airbnb ( $20,000 – $35,000 PER MONTH) or maintain steady cash flow ( $11,000 – $11,500) with long term tenants.
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Address Information
| State | Florida |
| City | Miami |
| County | Miami-Dade County |
| Zip Code | 33137 |
| Address | 19 NORTH EAST 48TH ST |
| Section | 24 |
| Zip Code (4 Digits) | 3111 |
Financial Information
| Price | $1,490,000 |
| Price per Foot | $0 |
| Folio Number | 01-31-24-017-0220 |
| Tax Amount | $16,676 |
| Tax Year | 2024 |
Full Descriptions
| Detailed Description | Newly renovated Luxury Duplex in the heart of Miami’s Design District—an Investor’s Dream in one of the fastest-appreciating zip codes in Miami. This Cash-Flow Property offers 4 separate entrances and a hotel-style connecting door, allowing EASY CONVERSION into 4 income-producing units. One unit is rented for $3,200 (UNDER MARKET VALUE DUE to KICK-OUT CLAUSE); the other is vacant with rental comps of $5,500– $5,750. OVER $250K in UPGRADES including new roof, metal foundation, HVAC, and $35K in tropical landscaping. Steps from Midtown and the Miami Design District. This East Buena Vista gem is located in a rapidly appreciating neighborhood. Potential to MAXIMIZE INCOME with Airbnb ( $20,000 – $35,000 PER MONTH) or maintain steady cash flow ( $11,000 – $11,500) with long term tenants. |
| Roof Description | Other |
| Floor Description | Tile |
| Cooling Description | Central Air |
| Heating Description | Central |
| Sewer Description | Public Sewer |
Property parameters
| Living Area | 2224 |
| Zoning Information | 0104 |
| Year Built | 1926 |
| Type of Property | Duplex |
| Style | Duplex |
| Building Name | SHADOWLAWN |
| Development Name | SHADOWLAWN |
| Construction Type | Concrete Block Construction |
| Stories Number | 1.000 |
| Street Direction | North East |
| Parking Space Number | 6 |
| Listed with | The Keyes Company |