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.
- Swimming Pool
- Heating System
- Cooling System
- View
- Roof:
- Shingle
- State:
- FL
- County:
- Miami-Dade
- City:
- Miami
- Zipcode:
- 33138
- Street:
- 435 Ne 69th St 1, Miami, Florida 33138
- Longitude:
- W81° 48' 45.9''
- Latitude:
- N25° 50' 20.6''
- Bathrooms Total:
- 2
- Construction Materials:
- Block
- DOM:
- 1
- Flooring:
- Tile
- Garage Spaces:
- 1
- Interior Features
- Internet Address Display:
- 1
- Internet Listing Display:
- 1
- Parcel Number:
- 01-32-18-004-0940
- Subdivision Name:
- BAYWOOD
- Virtual Tour:
- Click Here
Residential Lease For Rent
435 Ne 69th St 1, Miami, Florida 33138, Miami, Florida 33138
- Property Type :
- Residential Lease
- Listing Type :
- For Rent
- Price :
- $2,875
- Bedrooms :
- 2
- Bathrooms :
- 2
- Square Footage :
- 2,074 Sqft
- Year Built :
- 1949
- Lot Area :
- 5,100 Sqft
- MLS # :
- A12041191
- Property Sub Type :
- Multi Family
