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Template Eight

phil+t8@lofty.com

$ 2,875

2 Beds

2 Baths

2,074 SqFt

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$ 2,875

Save Virtual Tour

2 Beds

2 Baths

2,074 SqFt

Key Details

Property Type Townhouse

Sub Type Townhouse

Listing Status Active

Purchase Type For Rent

Square Footage 2,074 sqft

Subdivision Baywood

MLS Listing ID A12041191

Bedrooms 2

Full Baths 2

HOA Y/N No

Total Fin. Sqft 2074

Year Built 1949

Lot Size 5,227 Sqft

Acres 0.12

Property Sub-Type Townhouse

Property Description

Located in Miami's rapidly evolving Upper Eastside corridor, legal upper / lower duplex presents a compelling opportunity for investors seeking stable rental income with future upside. This 2,074 SF multi-family property is currently fully leased, generating $67,200 in gross annual income. 2 spacious units, each with 2 BR's and 2 bath. The upstairs residence includes a den that has been converted into a 3rd BR, offering added rental flexibility and increased income potential, while the downstairs unit is a well-configured 2BR/2BA layout. Positioned in a desirable pocket near Morningside, the property benefits from strong rental demand and proximity to neighborhood amenities. Nearby comparables shows the buyer's insatiable appetite for specifically multi-family, reinforcing the area's ongoing investment activity. Residents enjoy convenient access to local markets, cafés, & nearby educational institutions including Morningside K-8 Academy & Elementary School, & Cushman School. With immediate cash flow, flexible unit layouts, and a location in one of Miami's steadily appreciating neighborhoods with current income & growth. Current tenants are NOT short-term but current tenant is operating as AIRBNB & easily double the cap rate closer to 12%. Please ask for a walk-through video. 4 parking. Roof & AC units are 8-10 yrs old. Elect panels 2015, HWH 2019. 60 day notice if you no longer want current tenants.

Location

State FL

County Miami-dade

Area 2320

Interior

Interior Features Living/Dining Room

Heating Central

Cooling Central Air

Flooring Tile

Furnishings Unfurnished

Fireplace No

Unit Floor 2

Exterior

Garage Spaces 1.0

View Y/N Yes

View Garden

Roof Type Shingle

Garage Yes

Private Pool No

Building

Story 2

Unit Floor 2

Structure Type Block

Schools

Elementary Schools Morningside K-8 Academy (Miami-Dade)

Middle Schools Horace Mann

High Schools Miami Edison

Others

Pets Allowed Yes

Senior Community Yes

Restrictions No RV,No Truck,No Trailer Parking

Tax ID 0132180040940

Pets Allowed Yes

Virtual Tour https://www.propertypanorama.com/instaview/mia/A12041191

Listed by Dana Marie Dellacamera Keller Williams Eagle Realty

435 NE 69th ST #1 Miami, FL 33138