$218,000 for Sale
1191 sw 131 place , miami, FL 33184
| Beds 6 | Baths 4 | 1,456 Sqft |
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Property Description
Residential Income Opportunity – Multifamily Mobile Home in University Lakes, Miami, FL Don’t miss this excellent residential income opportunity in the desirable University Lakes Mobile Homes community. Built in 2004, 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 sqft on a 2,625 leasehold lot The land is not owned it is leased from the community’s HOA. Monthly expenses, including land lease, water, and electricity, are approximately $1,700. Income Overview: Current monthly rent across all four units totals approximately $6,000, with an estimated net income of $4,300/month, offering strong and consistent cash flow from day one. Recent Improvements & Features: Updated interiors with modern flooring, fresh paint, and upgraded appliances Bright, spacious units with large windows and functional layouts Concrete driveway with space for 4 cars and a boat Low-maintenance property thanks to renovations and updated systems Aluminum siding exterior construction Unbeatable Location – University Lakes Community: Peaceful setting with lakes, parks, playgrounds, and community pools Family-friendly and walkable neighborhood Near FIU, the Turnpike, Publix, schools, and public transportation Just minutes from shopping, dining, nightlife, and Miami’s vibrant cultural scene The rich lifestyle of Miami and University Lakes offers something for everyone 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!
General Information
Sale Price: $218,000
Price/SqFt: $150
Status: Active
MLS#: O6326167
City: miami
Post Office: miami
County: Miami-Dade
Subdivision: 11 54 39 152.93 ac m/l ne1/4 of sec including tr 2
Acres: 0
Bedrooms:6
Bathrooms:4 (4 full, 0 half)
House Size: 1,456 sq.ft.
Acreage:
Year Built: 2004
Property Type: Manufactured Home
Style:
Features & Room Sizes
Paved Road: Concrete
Garage: No
Construction: Metal Siding
Exterior Misc: Other
Pool: Yes
Pool Description: Other
Basement: No
Foundation : Other
Appliances: Refrigerator
Cooling: Wall/Window Unit(s)
Heating: None
Waste: Public Sewer
Watersource: Public
Tax, Fees & Legal
Est. Summer Taxes: $0
Est. Winter Taxes: $0
HOA fees: 0
HOA fees Period: Monthly
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)
Information provided by My Florida Regional MLS DBA Stellar MLS, Copyright 2025
All information provided is deemed reliable but is not guaranteed and should be independently verified. Participants are required to indicate on their websites that the information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listing By: Johanna Guerrero of REALTY ONE GROUP EVOLUTION, Phone: 786-477-4715
