Atlantic Luxury Advisors
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34 photos

120 18th Ave

Miami, FL 33125

$950,000
4
3
1,970 sq ft
6,615 sq ft
1940
Single Family Residence
2
Active

Listing courtesy of Create Realty Corp (Shirley Hernandez). Contact: [email protected].

About this home

Excellent opportunity for an investor or buyer with vision! Centrally located property currently generating approximately $7,050/month in rental income. Public records reflect a 4-bedroom, 3-bath single-family residence. The property is currently configured with a 3/1 main living area plus additional separately rented spaces within the existing structure. Spacious 6,615 SF lot with T3-O zoning offers attractive investment and value-add potential. Property sold AS-IS. Buyer/Buyer's Agent to independently verify zoning, permitted uses, current configuration, rental information, permits and any future development possibilities. Please do not disturb occupants. Showings by appointment only.

What it costs to own
Estimated monthly payment
$6,797/mo
Principal and interest
$4,804
Property tax
$1,401
Homeowners insurance
$592
HOA(not in the listing)
$0

An estimate, not a loan offer. The rate and insurance are assumptions to edit with your own quotes; Florida insurance varies widely by age, construction and distance to the coast. Flood insurance and PMI are not included.

Florida cost of ownership
Estimated property tax
$16,806/yr

Estimate: the price times the Miami-Dade County average total millage (18.49 mills, Florida Department of Revenue, 2025 average total millage by county), less the homestead exemptions. The actual bill depends on the city, the assessed value and special assessments. Save Our Homes then caps annual assessment increases at 3% or inflation, whichever is lower.

HOA
Not stated in the listing; ask us
FEMA flood zone
Zone X, minimal risk

Outside the special flood hazard area. Flood insurance is optional.

Hurricane evacuation zone
Zone E: ordered to evacuate for Category 4 and 5 hurricanes.

Sources: FEMA National Flood Hazard Layer and the Florida Division of Emergency Management evacuation zones, looked up at the listing point. Confirm with an elevation certificate and your insurer.

Location

Listing data provided by the Southeast Florida Multiple Listing Service (MIAMI REALTORS®). The data is deemed reliable but is not guaranteed accurate by the MLS. IDX information is provided exclusively for consumers' personal, non-commercial use, may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and is deemed reliable but is not guaranteed accurate by the MLS. Atlantic Luxury Advisors is a real estate team at Keller Williams Realty. Payment, tax and flood figures on this page are estimates by Atlantic Luxury Advisors, not MLS data.