FL
Miami-Dade
MIAMI
33184
1191 SW 131 PLACE
1191 SW 131 PLACE, MIAMI, FL 33184
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Listing Type
Mobile Home
Listing Status
active
20
$218,000

Home Details for 1191 SW 131 PLACE

Price
$218,000
Type
Residential
Bedrooms
6
Bathrooms
4.0
Square feet
1456
Year built
2004
County
Miami-Dade
Total rooms
10
Garage
Days on site
75
MLS Listing#
O6326167
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!

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Property Features
  • Cooling Information
    • Wall/Window Unit(s)
  • Heating Information
    • None
  • Water Features
    • Public
  • Utilities
    • Other
Listing Courtesy: REALTY ONE GROUP EVOLUTION - 786-477-4715
Listings courtesy of Stellar MLS as distributed by MLS GRID. Based on information submitted to the MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information. Listing information is provided for consumers? personal, non-commercial use, solely to identify prospective properties for potential purchase; all other use is strictly prohibited and may violate relevant federal and state law. Information deemed reliable but not guaranteed. Copyright ©2025 MLS GRID. All Rights Reserved.
Last Updated: 2025-07-11 06:45:42
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EXIT REALTY OCEANSIDE
2620 N Australian Avenue, West Palm Beach, FL 33407
Office
561 805 3948
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