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    520 NW 49Th St Miami, FL 33127

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    For Sale
    $1,495,000

    Licensed assisted living facility with multifamily component in Miami.

    Building Details

    Year built
    1925

    Source: Elite Realty Partners, Inc. Agent Tenisha Williams

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Miami Assisted Living Facility Investment

    This is a fully licensed and operational Assisted Living Facility (ALF) with 8 beds, situated on a 10,000 square foot lot. Located in the historic Model City neighborhood of Miami, the property is approximately 5 miles from Downtown and 6 miles from Miami International Airport. The sale includes both the business and the real estate. The main home features 5 bedrooms, an office, and 3 full baths, suitable for multi-use purposes. Additionally, there is a separate ancillary unit with two efficiencies that can be used for staff or generate rental income. The property is zoned to allow for single-family, two-family, community residence, or home office use. This property offers immediate income and long-term potential in Miami's redevelopment corridor.
    Location Intelligence

    Current Use by Public Records

    Assisted living facilities

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Gym & Fitness Daycare Center

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    Housing & Assisted Living, Frank C. and Lynn Scaduto MIND Institute, Douglas Gardens Hospital, Miami Jewish Health, Adiuvo

    Location Insight

    • Map
    • Local Demand
    City
    Miami
    County
    Miami-Dade
    State
    Florida
    Longitude
    -80.20425
    Latitude
    25.820377

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    FAQs

    What type of property is this?
    Assisted living facility - Licensed assisted living facility with multifamily component in Miami.
    Where is this assisted living facility located?
    The property is located at 520 NW 49Th St Miami, FL.
    What is the asking price?
    The asking price for this property is $1,495,000.
    What are key features of this property?
    This property features: - Fully licensed and operational 8-bed Assisted Living Facility (ALF) with existing cash flow; - Includes both the real estate and the operating business; - Additional 2-story multi-family unit in the rear of the property
    (954) 990-7526
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    Miami, FL 33127
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    520 NW 49Th St Miami, FL 33127
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