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. You Will Be Able To See 1 Unit, Open House Sat 3-21-26 From 11-11:30am.
Features
Bedrooms
Bathrooms
Exterior and Lot Features
Interior, Heating and Cooling
Heating Description: Central
Cooling Description: CentralAir
Building and Construction
Floor Description: Tile
Year Built: 1949
Year Built Description: Resale
Waterfront and Water Access
Waterfront Frontage: No info
School Information
Other Property Info
Listing Date: 2026-03-16T12:58:00.000-00:00
Taxes, Fees & More
Taxes: 14616
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