$949,000
Multifamily for sale in Baywood435 NE 69th St, Miami, FL 33138 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. The property features two spacious units, each with 2 bedrooms and 2 bathrooms. The upstairs residence includes a den that has been converted into a third bedroom, offering added rental flexibility and increased income potential, while the downstairs unit is a well-configured 2bd/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, and everyday essentials, along with nearby educational institutions including morningside k-8 academy, morningside elementary school, and the cushman school. With immediate cash flow, flexible unit layouts, and a location in one of miami’s steadily appreciating neighborhoods, 435 ne 69th st represents a solid opportunity for investors seeking both current income and long-term value growth. Current tenants are not short-term but you can certainly operate the property as airbnb and easily double the cap rate closer to 10%. Please ask for a walk-through video. 4 parking