2024 Alton Rd, Miami Beach, FL 33140

Property Description

Over $100,000 in price reductions. Generating $6,500 per month in rental income, this legal multifamily property is located directly across from Miami Beach Golf Club at the end of Alton Road and within walking distance to Sunset Harbour. The property features three units totaling 6 bedrooms and 3 bathrooms with 2,746 square feet of living space on a 7,320 square foot lot, offering an ideal house hack or long term investment opportunity. The main residence spans 2,141 square feet and includes 3 bedrooms and 1 bathroom with spacious living areas, a sunroom, fireplace, walk in closets, and a kitchen with granite countertops and solid wood cabinetry, currently leased for $3,000 per month. The upstairs unit is a private 1 bedroom 1 bathroom residence with 467 square feet, a full kitchen, living room, and large windows providing abundant natural light, rented for $1,200 per month. A detached 605 square foot guesthouse features 2 bedrooms and 1 bathroom, a full kitchen, stand up shower, and covered outdoor seating area, leased for $2,300 per month. Impact windows throughout. Minutes from Lincoln Road, Sunset Harbour, world class dining, shopping, and the beach. Investors take notice of this rare house hack opportunity with an accessory dwelling unit in the back. Ask us about the 3 2 1 approved lender buydown, offering interest rates as low as 3 percent with estimated monthly payments potentially lower than rent. Best deal in the area check COMPS!!