Discover exceptional potential and value in this desirable North Miami Beach corner lot -- with NO HOA! Perfect for investors or multigenerational living, this versatile property offers three income-producing units.
The main residence features 3 bedrooms and 2 bathrooms, including a spacious primary suite with a private bathroom and walk-in closet. The garage has been thoughtfully converted into a 1 bed / 1 bath in-law suite with a private entrance, ideal for guests or rental income. An additional studio-style living space with its own bathroom has been created from a portion of the living room and can easily be opened back to the main house if preferred. In total, the property offers 5 bedrooms and 4 bathrooms--see floor plan for layout details.
Rental projections based on market data:
Unit 1: $2,900/m
Unit 2: $1,250/m
Unit 3: $1,350/m
Total estimated income: $5,500/month
Sitting on a generous 8,088 sq ft lot, the backyard is a private retreat featuring a swimming pool, 6 mango trees, and 4 avocado trees--a true tropical oasis. Major upgrades include a new shingle roof (installed April 2025) and impact doors & windows, offering insurance benefits and peace of mind. Located in Flood Zone X, meaning flood insurance is not required by most lenders, adding further value.
An outstanding opportunity in a rapidly developing area--whether generating rental income or designing your family's future, this property delivers unmatched flexibility and potential.
