850 90Th St Miami, FL 33138

This exceptional five-unit multifamily property in Miami Shores, Florida, presents a compelling investment opportunity. Located at 850 NE 90th St, 33138, this two-story building, constructed in 1951, boasts a desirable location just three blocks from the bay in a quiet, beautiful neighborhood. The property features a mix of unit sizes: two two-bedroom, two-bathroom units and three one-bedroom, one-bathroom units, all currently leased on a month-to-month basis. Recent upgrades significantly enhance the property's value and appeal, including a fresh coat of paint on the building exterior, a 15-year-old roof (sealed and painted), new commercial washer and dryer, new kitchen appliances and cabinets, and new countertops. Further improvements include a one-year-old septic tank, a privacy-enhancing wood fence surrounding the property, new awnings, a gated entry with key access, and exterior LED lighting. Walkways and terraces have been recently painted and sanded. Each one-bedroom unit offers a spacious outdoor porch. The two-bedroom units are generously sized with ample closet space. All units are equipped with InstaHot water heaters and energy-efficient mini-split AC units with heating capabilities. The asking price is $1,890,000. This property offers strong rental income potential and is an excellent addition to any investment portfolio.