2204 SW 11th Ter, Miami FL 33135
$1,500,000
$408.94/Sq Ft
- 6 Beds
- 4.5 Baths
- N/A Parking
- 3668 ft²
Description
**Income-Producing Property in a Desirable Miami Location!**
Unique income-producing property configured as **three separate units**, offering excellent flexibility for investors or owner-occupants. The main residence is divided into two spacious units, plus a detached studio.
**Unit 1** features 3 bedrooms and 2 bathrooms, a primary bedroom, living room, dining area, and kitchen. This unit currently generates **$3,600 per month** in rental income.
**Unit 2** features 3 bedrooms and 2.5 bathrooms, along with a family room, living room, dining area, and kitchen. This unit currently generates **$4,000 per month** in rental income. Both larger units have their **own separate laundry facilities** for added convenience and privacy.
The property also includes a **detached studio** featuring 1 bedroom, 1 bathroom, and a small kitchenette. The studio currently generates **$1,200 per month** in rental income.
**Total current rental income: $8,800 per month, or $105,600 annually.**
Plenty of parking adds to the property's appeal. Located in a desirable and convenient area with easy access to **Brickell, Coconut Grove, Coral Gables, Downtown Miami, Wynwood, and major highways**, making it convenient for residents and commuters alike.
A great opportunity for investors seeking multiple income streams or an owner-occupant looking to live in one unit while generating rental income from the others.
**Seller is motivated—bring your offers!**
Marvel Avellanet
Real Estate Broker
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Technical Summary
| Price | $1,500,000 |
|---|---|
| Beds | 6 |
| Baths | 4.5 |
| Area | 3668 ft² |