If you are on the lookout for a prime real estate investment in Miami, look no further than this elegantly renovated duplex. Located in the sought-after Flagami neighborhood, this fully-occupied cash cow property offers not one, but three units that are sure to generate substantial rental income. With its impressive list of upgrades and desirable location, this Miami duplex presents an enticing opportunity for investors and homeowners alike.
The centerpiece of this property is the original 3-bedroom, 2-bathroom single-family house, which has been skillfully divided into two separate units. The first unit features 2 bedrooms and 1 bathroom, while the second unit offers a spacious 1 bedroom and 1 bathroom. In addition to these units, there is also a detached 1-bedroom apartment, providing a total of three income-generating spaces.
Each of the three units boasts a full kitchen, equipped with modern appliances and the convenience of a washer/dryer combo in-unit. The extensive list of upgrades is impressive, including impact windows throughout, updated plumbing and electrical systems, and designer quality finishes in both the bathrooms and kitchens. The property also features a new fence, sprinkler system, and tankless water heaters, ensuring the utmost comfort and convenience for tenants.
One of the standout features of this Miami duplex is its potential for higher rental income. Currently, the property is occupied by great quality tenants, but there is room to push rents higher. With the Flagami neighborhood experiencing a rise in popularity, rental rates in the area are expected to increase. Experts estimate that rental prices could range from $2000 to $2200 per unit, providing a substantial return on investment for savvy investors.
Beyond its financial potential, the Flagami neighborhood offers a host of amenities and attractions. Situated in close proximity to downtown Miami, residents of this duplex can enjoy easy access to the city’s vibrant nightlife, cultural events, and world-renowned dining establishments. The neighborhood itself is known for its friendly community atmosphere, with parks, schools, and shopping centers just a stone’s throw away.
Investing in this Miami duplex not only promises a lucrative return but also offers the opportunity to be part of a neighborhood on the rise. With its elegantly renovated units, desirable location, and potential for increased rental income, this property is sure to attract both investors and those seeking a comfortable home in a thriving community. Don’t miss out on this chance to secure a valuable asset in one of Miami’s most sought-after neighborhoods.
5150 NW 2nd Ter, Miami, FL 33126