435 NE 69th St - Multi-Family FOR SALE


Miami, FL 33138- Upper East Side North
$949,000 USD
305-747-5117
435 NE 69th St, Miami, FL for Sale
$949,000 USD
Multi-Family - FOR SALE
1/33
null | 4.21% Cap Rate


HIGHLIGHTS

  • COMPLETELY RENOVATED IN 2021
  • 1 BLOCK FROM BISCAYNE BLVD

OVERVIEW

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. The property features two spacious units, each with 2 bedrooms and 2 bathrooms. The upstairs residence includes a den that has been converted into a third bedroom, offering added rental flexibility and increased income potential, while the downstairs unit is a well-configured 2BD/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, and everyday essentials, along with nearby educational institutions including Morningside K-8 Academy, Morningside Elementary School, and The Cushman School. With immediate cash flow, flexible unit layouts, and a location in one of Miami’s steadily appreciating neighborhoods, 435 NE 69th St represents a solid opportunity for investors seeking both current income and long-term value growth. Current tenants are NOT short-term but you can certainly operate the property as AIRBNB and easily double the cap rate closer to 10%. Please ask for a walk-through video. 4 parking

FOR SALE DETAILS

PRICE

$949,000 USD

PRICE/SF

$458 USD /SF

# OF UNITS

2

PRICE/UNIT

$474,500

CAP RATE

4.21%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

MIAMI MIMO DUPLEX - 15 MINS TO BEACH!

PROPERTY TYPE

Multi-Family

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1949

PARKING SPACES

4

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

-

APN/PARCEL ID

01-3218-004-0940

ASK ABOUT THIS PROPERTY

Ricky KallabatKW CommercialMore Info
305-747-5117

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Ricky KallabatKW CommercialMore Info
305-747-5117

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.