Baywood Townhouses For Rent

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. 2 spacious units, each with 2 br's and 2 bath. The upstairs residence includes a den that has been converted into a 3rd br, offering added rental flexibility and increased income potential, while the downstairs unit is a well-configured 2br/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, & nearby educational institutions including morningside k-8 academy & elementary school, & cushman school. With immediate cash flow, flexible unit layouts, and a location in one of miami’s steadily appreciating neighborhoods with current income & growth. Current tenants are not short-term but current tenant is operating as airbnb & easily double the cap rate closer to 12%. Please ask for a walk-through video. 4 parking. Roof & ac units are 8-10 yrs old. Elect panels 2015, hwh 2019. 60 day notice if you no longer want current tenants.