Waterfront townhouse located in a private community of only 8 residences, ideally situated in the heart of Miami with convenient access to SR-836, Downtown Miami, Miami International Airport, and South Beach. The property features a spacious 5-bedroom, 4-bathroom layout with two separate living areas, offering flexibility for both homeowners and investors. Currently tenant-occupied and generating a total of $5,800 in monthly rental income. One unit features 3 bedrooms and 2.5 bathrooms, while the second offers 2 bedrooms and 1 bathroom. Both leases are scheduled to expire in January, providing flexibility for future rental adjustments or owner occupancy. The property features updated kitchen cabinetry and appliances, two independent A/C systems, and a recently recertified flat roof. The private driveway provides parking for up to 4 vehicles. Upstairs bedrooms feature private balconies overlooking the canal, with stairs leading to a lower terrace. HOA is only $60 per month. A unique opportunity to own a waterfront property with multiple living spaces and established rental income.