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.

Features
Swimming Pool
Heating System
Cooling System
View
Roof:
Shingle
Address Map
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''
MLS Addon
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:
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Residential Lease For Rent

435 Ne 69th St 1, Miami, Florida 33138, Miami, Florida 33138

2 Bedrooms
2 Bathrooms
2,074 Sqft
$2,875
MLS # #A12041191
Basic Details
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
Agent info
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