Call Now: Mobile: 904.248.9848

Wade M. Berlin

ABR,BrkrAssc,CNE,CPM,FSSR,GAA,LLC,PMN,REALTOR ®,SRES
Broker IDX Sites Inc.
The Real Estate Professional You Deserve
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PRICED AT ONLY: $218,000

Address: Address Not Provided

Description

Residential Income Opportunity Multifamily Mobile Home in University Lakes, Miami, FL Dont miss this excellent residential income opportunity in the desirable University Lakes Mobile Home community. This property offers a unique and profitable investment with four separate rental units: Two units with 2 bedrooms and 1 bathroom each Two units with 1 bedroom and 1 bathroom each Total living area: 1,456 sq ft on a 2,625 sq ft leasehold lot Important Note: The land is not owned it is leased from the community HOA. Monthly expenses, including land lease, water, and electricity, are approximately $1,700. Income Overview Current monthly rent from all four units totals approximately $6,000, with an estimated net income of $4,300/month, providing strong and consistent cash flow from day one. Recent Improvements & Features: Updated interiors with laminate flooring, fresh paint, and upgraded appliances Bright, spacious units with large windows and functional layouts Concrete driveway with parking for up to 4 cars Low maintenance property thanks to recent renovations and updated systems Durable aluminum siding exterior construction Unbeatable Location University Lakes Community: Peaceful setting with lakes, parks, playgrounds, and community pools Family friendly and walkable neighborhood Conveniently located near FIU, the Turnpike, Publix, schools, and public transportation Just minutes from shopping, dining, nightlife, and Miamis vibrant cultural scene Enjoy the rich lifestyle that Miami and University Lakes have to offer This is a rare opportunity to own a cash flowing, multi unit mobile home property in a high demand area with very low vacancy risk. Ideal for seasoned investors or those entering the Miami rental market. Schedule your showing today and secure your next income generating asset!
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  •   Principal & Interest -
  •   Property Tax $
  •   Home Insurance $
  •   HOA Fees $
  •   Mortgage Insurance-

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  • MLS#: O6326167 ( Residential )
  • Street Address: Address Not Provided
  • Viewed: 3
  • Price: $218,000
  • Price sqft: $150
  • Waterfront: No
  • Year Built: 2004
  • Bldg sqft: 1456
  • Bedrooms: 6
  • Total Baths: 4
  • Full Baths: 4
  • Days On Market: 50
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Features
Building and Construction
  • Covered Spaces: 0.00
  • Exterior Features: Other
  • Flooring: Laminate
  • Living Area: 1456.00
  • Roof: Shingle
Garage and Parking
  • Garage Spaces: 0.00
  • Open Parking Spaces: 0.00
Eco-Communities
  • Pool Features: Other
  • Water Source: Public
Utilities
  • Carport Spaces: 0.00
  • Cooling: Wall/Window Unit(s)
  • Heating: None
  • Pets Allowed: Yes
  • Sewer: Public Sewer
  • Utilities: Other
Amenities
  • Association Amenities: Basketball Court, Clubhouse, Playground, Pool, Recreation Facilities, Tennis Court(s)
Finance and Tax Information
  • Home Owners Association Fee Includes: Pool, Sewer, Trash
  • Home Owners Association Fee: 1145.00
  • Insurance Expense: 0.00
  • Net Operating Income: 0.00
  • Other Expense: 0.00
  • Tax Year: 2024
Other Features
  • Appliances: Microwave, Refrigerator
  • Association Name: Hometown America Communities
  • Association Phone: 305-226-4251
  • Country: US
  • Furnished: Unfurnished
  • Interior Features: Ninguno
  • Legal Description: 11 54 39 152.93 AC M/L NE1/4 OF SEC INCLUDING TR 2 OF PB 35-21 LESS E 40FT & S 35FT & W42.5FT FOR R/W OR 19533-4927 0301 5 (2)
  • Levels: One
  • Area Major: 99999 - Unknown
  • Occupant Type: Tenant
  • Parcel Number: 30-4911-000-0010
  • Possession: Close Of Escrow
  • Zoning Code: 8900

Contact Info

  1. The Real Estate Professional You Deserve
  2. Mobile: 904.248.9848
  3. phoenixwade@gmail.com
Wade M. Berlin