Real Estate by Fania — Stefania Riverin
(786) 828-0091

$1,340,000was $1,400,000

2204 SW 11th Ter

6 bd · 5 ba · 3,668 sq ft

Asking price cut 4.3% on October 12, from $1,400,000.

86 days on marketSingle Family Residence
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Listing courtesy of Brickell Brokers LLC. 305-438-7777

From the MLS

Bedrooms
6
Bathrooms
5
Living area
3,668 sq ft
Asking per square foot
$365
Year built
1925
ZIP code
33135
MLS number
A12057991

What the listing says

**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!**

Description supplied by Brickell Brokers LLC.

Before you offer on this one

The asking price is the easy part. What decides a Miami condo purchase sits in the association’s budget, its reserve study, the last twelve months of board minutes and the milestone inspection — and in whether the declaration permits what you intend to do with it.

Stefania represents buyers. She does not hold this listing and has no stake in this one selling over any other, which is the position you want the person reading those documents to be in.

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