Single Family Home

2204 SW 11th Ter

$1,500,000

2204 SW 11th Ter, Miami, FL, 33135

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LIST PRICE$1,500,000
BEDROOMS6
BATHROOMS5
HOUSE sq ft3,668
LOT sq ft8,775

Overview

**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!**

Property Details

$1,500,000Price Increased: +$100K
Property Type
Residential
Subtype
Single Family Residence
Year Built
1925
Status
Active
MLS #
A12057991
Living Area
3,668 sq ft
$/Sq Ft (Living)
$409
Lot Size
8,775 Square Feet
$/Sq Ft (Lot)
$171
Annual Taxes
$4,603
Days on Market
37

Monthly Payment

$9,109/mo

Principal & interest$7,976
Property taxfrom listing$384
Homeowners insuranceestimate$750

$300,000 down

Principal & interest is exact for these inputs. Tax and HOA come from the listing; rate, insurance are editable estimates. Not a loan offer.

Notable Features

Scenic Views

Location Scores

Location

2204 SW 11th Ter, Miami, FL, 33135

2204 SW 11th Ter | 6bd/5ba Single Family Home for sale | $1,500,000 | Real Estate Hub Miami