House in Miami, FL 33138

Federal Way, 435 NE 71st St

Exceptional investment opportunity in Miami's rapidly growing MiMo District. This income-producing property is currently tenant occupied under a recently renewed lease, providing immediate rental income from day one. The home features 2 bedrooms, 1.5 bathrooms, plus a versatile studio/flex space with direct access to the backyard, ideal as a home office, guest room, creative studio, or additional living area. Recent upgrades include impact windows and doors (2022), updated bathrooms, a remodeled kitchen, and a spacious outdoor deck, offering a move-in-ready asset with minimal immediate capital expenditures. Situated on a generous 7,250 SF lot, this property combines strong current cash flow with long-term upside in one of Miami's most dynamic neighborhoods. Located just minutes from the Design District, Wynwood, Downtown Miami, and Miami Beach, and surrounded by ongoing redevelopment and investment activity. An ideal opportunity for investors seeking immediate income, quality improvements, and future growth potential in a high-demand Miami location.