9674 NW 10th Ave, Miami FL 33150 | Miami-Dade County | A11848955

9674 NW 10th Ave, Miami FL 33150

Active Residential Active

$328,000

7 More

Type
Mobile Home

6
Bedrooms

6
Bathrooms

6
Garages

Sq Ft
Area Size

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Active Residential Active

9674 NW 10th Ave, Miami FL 33150 | Miami-Dade County | A11848955

9674 NW 10th Ave, Miami FL 33150

$328,000

Description

Exceptional investment opportunity! This 1,700 sq ft property is thoughtfully configured into six studio units, offering strong income potential and flexibility for investors. The home is a fully manufactured structure, recently upgraded with new stucco and a brand-new roof, providing a refreshed exterior and added value. Currently, the property has two tenants in place, allowing for immediate income with additional upside as remaining units are leased. Located within the Colonial Acres mobile home community, this property operates under a land lease with the HOA, making it an attractive option for investors seeking lower entry costs and strong return potential.

Property Overview

This is a 2023 manufactured home at 9674 NW 10th Ave, Miami, FL 33150, within the Colonial Acres community. Configured as six separate studio units, it presents an investment property with two tenants currently in place and the potential to lease the remaining units for income. The 1,700-square-foot structure has recent upgrades including new stucco and a new roof. The property operates on a land lease with the Colonial Acres homeowners association, which has a monthly fee of $950. The list price is $328,000. For specific details on unit configurations or tenancy, please call 305-859-4733.

Frequently Asked Questions

What exactly am I buying for $328,000?

You are purchasing a fully manufactured home (mobile home) built in 2023, configured as six separate studio units. The price includes the structure itself. The land is leased from the Colonial Acres homeowners association (HOA) under a land-lease arrangement.

What are the monthly costs?

The primary monthly cost is the HOA fee of $950. This is your land lease payment to the community. You will also be responsible for property taxes, insurance for the structure, and any utilities not paid by tenants.

What is the current income situation?

According to the public listing, two of the six studio units are currently occupied by tenants, providing immediate rental income. The remaining four units present an opportunity for additional upside as they are leased.

Are there any recent upgrades to the property?

Yes. The home has been recently upgraded with new exterior stucco and a brand-new roof, which refreshes its appearance and adds value.

What is the square footage of the living space?

The total living area for the structure is 1,700 square feet, configured into the six studio units. The lot size and any land are part of the community lease.

Who manages the community and the land lease?

The Colonial Acres homeowners association (HOA) manages the community and holds the master lease for the land. As the owner of the home, you will enter into a land-lease agreement with the HOA.