Exceptional income-producing opportunity in the heart of Coral Way / Shenandoah! This versatile multi-unit property offers a rare combination of owner-occupant flexibility and strong rental income.
The main residence is a spacious 3-bedroom / 2-bath / washer & dryer, home with a full kitchen and large paved backyard, currently vacant (previously rented for $3,400/month) — perfect for a buyer to move in immediately or lease at market rent.
In addition, the property features:
• 1/1 in-law quarters with full kitchen, washer & dryer, private entrance, and separate meters, currently rented $1,650/month (month-to-month)
• 1/1 efficiency with small kitchen, private patio, and private entrance, currently rented $1,000/month (month-to-month)
All units are month-to-month, allowing a new owner to renew annually, adjust rents, or reposition the asset. Ideal setup to live in the main home while rental units offset your mortgage, or operate as a full buy-and-hold income property.
Additional highlights include:
• 3 on-site parking spaces + ample street parking
• Space to park an RV or boat
• Storage room
• Large paved backyard
Appraised at $1,038,000. Conventional financing or cash accepted. Prime central location close to Coral Way, Brickell, Downtown, Coconut Grove, and major highways.
Do not disturb tenants. Appointments only. Rare opportunity with immediate income and upside — won’t last!
HD video:
https://youtu.be/uP5EfemZrGU