About This Property
Location , Location! Exceptional Location in the Heart of Coral Way / Shenandoah! This versatile income-producing property offers a rare blend of owner-occupant flexibility and strong rental cash flow in one of Miami’s most desirable neighborhoods. Featuring two grandfathered electrical meters servicing the main 3BR/2BA residence and the additional 2BR/2BA unit, the layout provides functionality and long-term value. Has impact windows and shutters for the rear unit solar water heater. The primary residence is a spacious 3-bedroom, 2-bath home with full kitchen, family room, living room, dining area, washer & dryer, and a large paved backyard — ideal for immediate occupancy or leasing at current market rates. It can be rented $4,600 - $5,000 (comps in the area). The property also includes a 2BR/2BA in-law quarters with new full kitchen, washer & dryer, private entrance, and separate meters. Currently rented at $2,650/month (month-to-month) wants to renew with new Buyer, can be rented $2,800 (new kitchen) Additional Highlights: • 3 on-site parking spaces can fit 5 if make driveway • Dedicated space for RV or boat parking, Coconut grove marina less than 1 mile away. • Private storage room • Expansive paved backyard for entertaining or future enhancements The appraisal will comes in lower, we agree to reduce the purchase price to the appraised value. Prime central location just minutes from Coral Way, Brickell, Downtown Miami, Coconut Grove, and major highways.
