A rare opportunity to own a hassle-free, income-producing multifamily property that is already doing exactly what investors want, cash flowing from day one with $6,450 in current monthly income.Fully remodeled throughout, this turnkey asset removes the usual headaches of ownership. Updated kitchens, modern finishes, new flooring, impact windows and doors,… Read More and a new roof allow for immediate income without the need for renovations or capital improvements. Simply step into ownership and collect.The property offers a strong in-place cap rate of approximately 5.9%, with a low expense profile and minimal ongoing maintenance. Two of the units include in-unit washer and dryer, adding convenience and tenant appeal, while ample on-site parking enhances functionality and long-term desirability.Centrally located near Miami Dade College and Little Havana, the property benefits from consistent rental demand, accessibility, and long-term growth potential, all at an attractive price point under $1M.An ideal investment for those seeking stability, simplicity, and immediate returns in one of Miami’s most dynamic rental markets. Read Less
Courtesy of RGI Realty 305-812-8688
Listing Snapshot
Days Online
143
Last Updated
Property Type
Duplex
Square Ft.
1,897
Year Built
1925
MLS Number
A11962645
Additional Details
Building
Built in 1925, Living area: 1897, Construction materials: "CBS", Toal building area: 1897, 3 total units
Cooling
"Central Air", "Electric"
Heating
"Separate Meters", "Central", "Electric"
Lot
"Corner Lot"
Property
Zoning: 5700
Sewer
"Public Sewer"
Taxes
Annual amount: $10,666
Utilities
"Cable Available"
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