ARMOUR MANORS — 2331 SW 7th St

Listing details

Address

2331 SW 7th St

Price

$1,499,000

Status

Active for sale

Bedrooms

5

Bathrooms

3.5

Living area

2,695 sq ft

Year built

1940

Days on market

11

Listing 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.