For sale Home

Listed Feb 6, 2026

$1,550,000 Est. $10,252/mo

691 East 48th Street

  • 3

    Beds

  • 2

    Baths

  • 1,044

    Sq ft

The story

This offering is ideal for committed INVESTORS seeking a strategic foothold in a city experiencing rapid redevelopment. While planning a future project, generate rental income from the existing home with 3-bedroom, 2-bath, the full remodel is currently being finalized. The property features a new roof, impact windows and doors, porcelain flooring, new interior doors and new kitchen w/SS appliances and washer/dryer are being added. The 9,590 SF CORNER LOT is noted in the legal description as a DOUBLE LOT. With a zoning change/variance request, development of MULTI-FAMILY units (2-duplex or 4-plex) may be possible. Flood Zone "X" (no flood) and municipal sewer. The property is well positioned just one block from 49th Street, a vibrant corridor known for its diverse dining options and major retail destinations.

Facts & features

Home type

Home

Year built

1948

Floors

1

Price per sq ft

$1,485

Included features

  • Cooling

    Central Air

  • Heating

    Central

  • Appliances

    Dryer, Electric Range, Microwave, Refrigerator, Washer

  • Lot Information

    Less Than Quarter Acre

  • Exterior

    Patio

  • Water Source

    Public

  • Sewer

    Public Sewer

Mortgage calculator

Estimated monthly payment

$10,252 /mo

7% rate · 30-yr fixed · 20% down

  • Principal & interest $8,250
  • Property tax $1,550
  • Insurance $452

Includes principal, interest, taxes & insurance.

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Listing Broker

Horizon Homes Realty Corp

Broker Name

Horizon Homes Realty Corp

Agent

Perla Antonio PA

Location

Miami Lakes FL 33014