Are you in search of a promising investment opportunity in Miami? Look no further than this elegantly renovated, fully-occupied 3-unit cash cow property. Located in the up-and-coming Flagami neighborhood, this Miami duplex offers not just one, but three separate units, ensuring a steady stream of rental income. With numerous upgrades and a potential for increased rents, this property is a golden opportunity for savvy investors.
Originally a 3-bedroom, 2-bathroom single-family house, this property has been meticulously transformed into two separate units – a spacious 2-bedroom, 1-bathroom unit and a generously sized 1-bedroom, 1-bathroom unit. Additionally, a detached 1-bedroom apartment adds further rental potential to this already attractive investment.
One of the standout features of this Miami duplex is the presence of full kitchens in all three units, allowing tenants the convenience and independence of preparing their own meals. Adding to this convenience, each unit also boasts a washer/dryer combo, eliminating the need for tenants to use communal laundry facilities. These thoughtful in-unit amenities are sure to attract high-quality tenants.
The list of upgrades in this property is extensive, leaving no stone unturned. Impact windows have been installed throughout, ensuring the safety and security of the building’s occupants while reducing noise pollution. The plumbing and electrical systems have been updated, giving investors peace of mind and minimizing maintenance concerns. The bathrooms and kitchens have been finished with designer-quality materials, adding a touch of luxury and sophistication to each unit. A new fence offers privacy and enhanced curb appeal, while sprinklers keep the landscaping lush and vibrant. Additionally, the installation of tankless water heaters guarantees a constant supply of hot water, improving tenant satisfaction.
Currently, the property is occupied by great quality tenants, providing immediate rental income for the new owner. However, there is still room for growth in the form of increased rental rates. Comparable properties in the Flagami neighborhood command rents in the range of $2000-2200 per unit, presenting an opportunity to maximize returns on this investment. With the neighborhood’s recent rise in popularity, tenants are increasingly drawn to the area, ensuring a steady demand for rental properties.
Investing in this Miami duplex offers a multitude of benefits. The property’s excellent location in the thriving Flagami neighborhood, combined with the extensive upgrades and potential for increased rental income, make it an attractive proposition for both seasoned investors and those looking to dip their toes into the real estate market.
Don’t miss out on this remarkable opportunity to own a fully-occupied, elegantly renovated Miami duplex. Act now and secure your place in the flourishing Miami real estate market.
5150 NW 2nd Ter, Miami, FL 33126
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