LISTING DESCRIPTION
Discover an exceptional investment opportunity in the heart of Miami's thriving Riverside neighborhood. This charming multifamily property boasts T6-8-O zoning, offering incredible development potential alongside immediate cash flow.
Property Highlights:
- Unit Breakdown: A 3-bedroom single-family home and four 1-bedroom units.
- Current Operation: Highly successful Airbnb short-term rental, generating $170,000+ annually and over $220,000 in 2022.
- Each Unit has over 500 airbnb reviews, Totaling close to 3000 reviews for the whole property.
- Net Income: $100,000+ per year.
- Future Bookings: More than $50,000 in confirmed bookings included with the sale
- Zoning: T6-8-O, allowing for potential redevelopment or assemblage with adjacent properties.
Prime Location: Nestled in Miami's vibrant Riverside neighborhood, this property offers easy access to Wynwood, Brickell, Little Havana, and the Design District, with Miami International Airport and Port of Miami just minutes away. Walking distance to the Health District and close to major highways, it's ideally positioned for both residents and visitors alike.
Investment Appeal: This turnkey property delivers immediate income with its proven short-term rental success and 4.9-star guest satisfaction rating. The Riverside area’s ongoing gentrification, coupled with its vibrant mix of high-end restaurants, luxury developments, and cultural landmarks, makes this property a rare gem for investors seeking both stability and future growth potential.
Whether you're looking to expand your real estate portfolio, capitalize on a booming rental market, or explore redevelopment opportunities, this property is your chance to own a piece of Miami's exciting future.