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Listed
Waterfront townhouse located in a private community of only 8 residences, ideally situated in the heart of Miami with convenient access to SR-836, Downtown Miami, Miami International Airport, and South Beach. The property features a spacious 5-bedroom, 4-bathroom layout with two separate living areas, offering flexibility for both homeowners and investors. Currently tenant-occupied and generating a total of $5,800 in monthly rental income. One unit features 3 bedrooms and 2.5 bathrooms, while the second offers 2 bedrooms and 1 bathroom. Both leases are scheduled to expire in January, providing flexibility for future rental adjustments or owner occupancy. The property features updated kitchen cabinetry and appliances, two independent A/C systems, and a recently recertified flat roof. The private driveway provides parking for up to 4 vehicles. Upstairs bedrooms feature private balconies overlooking the canal, with stairs leading to a lower terrace. HOA is only $60 per month. A unique opportunity to own a waterfront property with multiple living spaces and established rental income.
Leasing terms as stated in the MLS listing, not verified by us. The association’s governing documents control what is actually permitted and can change — confirm before you buy.
Approximate — shows the building, not the unit.
We fill in the price and the building's HOA dues. That leaves rent, tax, insurance and maintenance — they depend on your exemptions, your insurer and the unit, so we don't guess them. Vacancy and the loan terms below start at common defaults; change them.
Enter rent, property tax, insurance, maintenance to see the returns. A cap rate calculated without every cost overstates the deal — often by half — so we don't show a partial one.
Illustration only — not a loan offer, quote, or investment advice. We are not a lender and neither offer nor arrange financing. The loan fields start at 20% down over 30 years at 6.5% (rates as of July 2026); that is a nominal rate for illustration, not an APR, and your actual terms will differ. Cap rate is unlevered; cash-on-cash counts the down payment as invested capital and excludes closing costs.
Listing data from the MIAMI Association of REALTORS® (MIAMIRE) IDX program. Information deemed reliable but not guaranteed. Demo data shown for layout purposes.
Loan payment and HOA only. Property tax and insurance are significant here and are not included.
Illustration only — not a loan offer, quote, or commitment. We are not a lender and neither offer nor arrange financing. Assumes a 30-year loan at 6.5% with 20% down (rates as of July 2026); your actual terms will differ.
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