Multi-Family $ 949,000

435 NE 69th St

Miami, FL 33138

  • 2,074 SqFt
  • 1949 Year Built
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.
Listed by Keller Williams Capital Realty

VIRTUAL TOUR

PROPERTY DETAIL

  • Key Details

    Property Type Multi-Family

    Sub Type Duplex

    Listing Status Active

    Purchase Type For Sale

    Square Footage 2, 074 sqft

    Price per Sqft $457

    Subdivision Baywood

    MLS Listing ID A11970442

    HOA Y/N No

    Year Built 1949

    Annual Tax Amount $14,616

    Tax Year 2025

    Property Sub-Type Duplex

  • Location

    State FL

    County Miami-dade

    Community Baywood

    Area 32

  • Building

    Lot Description < 1/4 Acre

    Story 2

    Sewer Public Sewer

    Level or Stories Two

    Structure Type Block

  • Interior

    Heating Central

    Cooling Central Air

    Flooring Tile

  • Exterior

    Pool None

    Utilities Available Cable Available

    Roof Type Flat,Tile

    Total Parking Spaces 4

    Private Pool No

  • Others

    Tax ID 01-32-18-004-0940

    Acceptable Financing Cash, Conventional, FHA

    Listing Terms Cash, Conventional, FHA

    Virtual Tour https://www.propertypanorama.com/instaview/mia/A11970442

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