Property Description
Rare opportunity in central Miami! Assumable mortgage balance of approx. $361K at 2.5% interest. Fully furnished and currently operating as an APD Residential Habilitation Group Home. Ideal for a group home, healthcare facility, or ALF.Business, corporation, and licenses are not included; however, a qualified buyer may have the opportunity to continue operating while expanding or transferring their own licensing and approvals to operate under their own licensed business.Configured for residential-care use for approx. 10 years, this single-story property was remodeled in 2020 and offers approx. 2,695 SF, 5 bedrooms, 3½ baths, multiple common areas, den/office, Florida room, updated kitchen, equipped laundry, secure medication cabinet, impact windows and doors, Porcelanosa flooring, complete security system, and wheelchair/walker-accessible ramps. Exterior features include covered patio, gated entrance, 5-6 parking spaces, fully fenced yard, and irrigation well.Property passed its May 2026 APD licensing, Fire, and AHCA inspections. Potential gross business revenue of approx. $35,000+ per month, depending on occupancy and operations. Buyer to verify projections, licensing, and permitted uses.Excellent location near Coral Gables, Brickell, Downtown Miami, tourist areas, and major roadways. Potential short-term rental/Airbnb use subject to buyer due diligence and applicable approvals.
Property Details
Listing Information
- MLS ID
- A12096442
- Listing Status
- Active
- Property Type
- Single Family Residence
- Bedrooms
- 5
- Bathrooms
- 3.5
- Living Area
- 2,695 sq ft
- Lot Size
- 8,100 sq ft
- Year Built
- 1940
- Community
- ARMOUR MANORS
- County
- Miami-Dade
Property Features
- Exterior Features
- Other
- Appliances
- Dryer, Electric Range, Microwave, Refrigerator, Washer
- Cooling
- Central Air
- Heating
- Central
- Parking
- Circular Driveway
- Waterfront
- False
- Property Tax
- $11,313 (2025)
