This may be one of the BIGGEST investment opportunities to HIT the MIAMI MARKET THIS YEAR. Centrally located just minutes from the airport, major highways, restaurants, and the city’s core, this property offers an extremely rare chance to secure EIGHT TOTAL UNITS on a single lot at an UNBELIEVABLE VALUE!… Read More The main home is a renovated 3-bed, 1-bath with great curb appeal, a carport, a wide driveway, and extra parking. Inside, it features a bright open layout, wood-look floors, modern kitchen with warm cabinetry and a built-in bar, and an updated bath. Roof, AC, and water heater were REPLACED WITHIN THE PAST YEAR!
In the backyard, the property transforms into a true income-generating compound with seven additional units. Several have partial updates, while others need light TLC, and the deep lot provides impressive space and potential.
Current rental setup: the main 3/1 is vacant. Three separate 1/1s bring in $1,100 and $1,200 per month, with one currently vacant. Another 1/1 with a kitchen brings in $2,000. Two shed/storage units sit in the back- one currently being used for storage, the other rented for $500. All tenants are on month-to-month verbal agreements.
As-is, the seller collects $4,800 per month, with three units- including the main house- vacant, and existing are below market. With minimal improvements and proper leasing, you can significantly increase rents, fill vacancies, and realistically double or even triple the income, boosting cash flow and long-term value.
Home is sold as-is; buyer should verify any zoning or city requirements for continuing the current setup.
This is a rare chance to secure a high-upside investment compound in the heart of Miami. Opportunities with this level of cash-flow potential, expansion possibilities, and long-term value simply don’t hit the market often. Move quickly- deals like this do not last! Read Less
Courtesy of RICHARD PETERS REALTY LLC 352-448-9712
Listing Snapshot
Days Online
1
Last Updated
Property Type
Single Family Residence
Beds
8
Full Baths
5
Square Ft.
2,432
Lot Size
0.15 Acres
Year Built
1947
MLS Number
TB8449729
Additional Details
Property Access
Road Surface: Asphalt, Concrete
Building
Built in 1947, Living area: 2432, Living area units: Square Feet, Building faces West, 1 storey, Levels: One, Construction Materials: Block, Stucco
Cooling
Central Air
Foundation
Block, Slab
Heating
Central, Electric
Lot
0.15 acres
Parking
2 carport spaces
Sewer
Public Sewer
Taxes
Additional parcels description:, Parcel Number: 01-3133-021-0170, Public Survey Range: 41, Public Survey Section: 33, Annual Amount: $9,499.07, Tax Block: 1, Tax Book Number: 47-89, Legal Description: BOREL SUB PB 47-89 LOT 17 BLK 1 LOT SIZE SITE VALUE OR 18993-2107 02 2000 1 COC 25600-4233 04 2007 1, Lot: 17, Year: 2024, Zoning: 0100
Utilities
Water Source: Public
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Listings courtesy of Stellar MLS as distributed by MLS GRID, based on information submitted to the MLS GRID as of . Information is provided exclusively for consumers' personal noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed by MLS GRID. All data is obtained from various sources and may not have been verified by broker or MLS GRID. Supplied Open House Information is subject to change without notice. All information should be independently reviewed and verified for accuracy. Properties may be listed or sold by various participants in the MLS, who may not be the office/agent presenting the information. This content last updated on . Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.
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