520 NW 49th Street Miami, FL 33127

$1,650,000
5
Beds
3
Baths
0.23
Acres
2,230
SQFT
740
$/SQFT
$1,650,000
5
Beds
3
Baths
2,230   sf
$740 / sf
Favorite

active
1/98
virtual tour iconVirtual Tour
Street View

Rare Miami Investment! In historic Model City, this 10,000 SF lot sits just 5 miles from Downtown Miami and 6 miles from MIA Airport. The single family home is operating as a licensed 8-bed assisted living facility, the sale includes both the business and real estate.The main single-family home features 5 bedrooms + office & 3 full baths, ideal for multi-use or continued ALF operations.Behind the main home, a detached multifamily dwelling adds two income-producing efficiencies: First-floor unit: rented month-to-month at $2,280/month with ALF program. Second-floor unit: rented fully furnished at $2,520/month with ALF program. Offers immediate cash flow and long-term upside in Miami’s thriving redevelopment corridor. Perfect for investors or operators seeking a turn-key, income-generating opportunity.

Rare Miami Investment! In historic Model City, this 10,000 SF lot sits just 5 miles from Downtown Miami and 6 miles from MIA Airport. The single family home is operating as a licensed 8-bed assisted living facility, the sale includes both the business and real estate.The main single-family home features 5 bedrooms + office & 3 full baths, ideal for multi-use or continued ALF operations.Behind the main home, a detached multifamily dwelling adds two income-producing efficiencies: First-floor unit: rented month-to-month at $2,280/month with ALF program. Second-floor unit: rented fully furnished at $2,520/month with ALF program. Offers immediate cash flow and long-term upside in Miami’s thriving redevelopment corridor. Perfect for investors or operators seeking a turn-key, income-generating opportunity.

  • Neighborhood
  • Type
  • Total Baths
  • County
    Miami-Dade County
  • Area
    Bay Vista Park Amd Pl
  • Tax Amount
    $15,164
  • Status
    Active
  • Listing #
    A11887961
  • Built
    1925
  • Lot Size
    0.23
  • Listed on site
    71 days
  • Listing Agent Id
    3317598
  • Listing Agent Phone
    954-706-4165

Listed by:
Elite Realty Partners, Inc.

Source:
MIAMI MLS

Click for Map
Smart Commute Planner
Add a destination

Property details

Community Features

  • No HOA
rating icon
GOOD DEAL
NEW!
Favorite

Tour This Home

Thu
11Dec
Fri
12Dec
Sat
13Dec
Sun
14Dec
Mon
15Dec
Tue
16Dec
Wed
17Dec
Thu
18Dec
Fri
19Dec
Sat
20Dec
Sun
21Dec
Mon
22Dec
Tue
23Dec
Wed
24Dec
in Person
via Video Call