Price Reduced 22.94%
Price History
$218,000
7/11/2025
$168,000
11/22/2025
9 rooms
6 beds
4 Full baths
2004
1,456 sqft
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 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 Miami’s 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!
Status:
Active
Type:
Single-family residential
Furnished Remarks:
Unfurnished
Laundry Remarks:
None
Subdivision:
11 54 39 152.93 AC M/L NE1/4 OF SEC INCLUDING TR 2
Heating:
None
Cooling:
Wall/Window Unit(s)
Levels:
1
Common Charge:
$1,145 Monthly
HOA Fee
$1,145
Construction
Metal Frame, Metal Siding
Utilities
Other
Amenities:
Basketball Court, Clubhouse, Playground, Pool, Recreation Facilities, Tennis Court(s)
Days on Market:
134
Pet Policy:
Yes
Appliances:
Microwave, Refrigerator
Pool:
Other
Min Lease Term:
No Minimum
MLS #:
O6326167
Community Info
School Info
Walk Score
Yelp
Similar Properties
New or Coming Soon Properties
Listing courtesy of Realty One Group Evolution 786-477-4715