About this Property
Exceptional income-producing opportunity in the heart of Coral Way / Shenandoah! This versatile multi-unit property offers a rare combination of owner-occupant flexibility and strong rental income.
The main residence is a spacious 3-bedroom / 2-bath home with a full kitchen and large paved backyard, currently vacant (previously rented for $3,400/month) — perfect for a buyer to move in immediately or lease at market rent.
In addition, the property features:
• 1/1 in-law quarters with full kitchen, private entrance, and separate meters, currently rented $1,650/month (month-to-month)
• 1/1 efficiency with small kitchen, private patio, and private entrance, currently rented $1,000/month (month-to-month)
All units are month-to-month, allowing a new owner to renew annually, adjust rents, or reposition the asset. Ideal setup to live in the main home while rental units offset your mortgage, or operate as a full buy-and-hold income property.
Additional highlights include:
• 3 on-site parking spaces + ample street parking
• Space to park an RV or boat
• Washer & dryer
• Storage room
• Large paved backyard
Appraised at $1,038,000. Conventional financing or cash accepted. Prime central location close to Coral Way, Brickell, Downtown, Coconut Grove, and major highways.
Do not disturb tenants. Appointments only. Rare opportunity with immediate income and upside — won't last!
HD video:
https://youtu.be/uP5EfemZrGU
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Disclaimer
MIAMI Association of REALTORS® is not responsible for the accuracy of the information listed above. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange Program and the South East Florida Regional MLS and is provided here for consumers' personal, non-commercial use. It may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Real estate listings held by brokerage firms other than the office owning this website are marked with the IDX logo and detailed information about them includes the name of the listing brokers. Data provided is deemed reliable but not guaranteed. Copyright MIAMI Association of REALTORS®, MLS All rights reserved. This property is courtesy of Hand Keys Realty.