Active

$619,999

Features:
  • 6 Bedrooms
  • 5 Bathrooms
  • 2471 sq ft
Overview
  • ID: MFRTB8514478
  • Bedrooms: 6
  • Bathrooms: 5
  • Size: 2471 sq ft
Property Details
Remarks
<INVESTOR SPECIAL><TURNKEY INVESTMENT> This is an incredible opportunity in one of Cutler Bay's most desirable and growing neighborhoods. Situated on a quiet residential street just minutes from shopping, dining, major highways, and everyday conveniences, this versatile property offers the perfect blend of comfortable living and exceptional income-producing potential. Featuring a beautifully maintained main residence along with three additional units, this is an ideal opportunity for investors, multigenerational families, or owner-occupants looking to offset their living expenses with substantial rental income. Beautifully positioned on a fully fenced lot, the property boasts excellent curb appeal with a large circular driveway providing ample parking for multiple vehicles, boats, work trucks, RVs, or recreational toys. Mature tropical landscaping, decorative rock accents, and a spacious covered front porch create a warm and inviting first impression. Decorative tile flooring, exposed beam details, and a beautiful wood front door further enhance the home's charm and character. Inside the main residence, you're welcomed by a bright open-concept layout featuring oversized tile flooring, elegant archways, and abundant natural light throughout. The spacious kitchen is appointed with extensive custom cabinetry, rich stone countertops, stainless steel appliances, and a breakfast bar ideal for entertaining. The beautifully renovated bathroom offers a spa-inspired feel with designer tilework, a frameless glass shower, and modern finishes, while the generously sized bedrooms provide comfort and functionality. Step outside into an impressive private outdoor retreat designed for entertaining and relaxation. The expansive covered patio and custom outdoor kitchen create the perfect setting for gatherings year-round. Beyond, the massive backyard offers endless possibilities with room for a pool, tiki hut, guest house, additional storage, or recreational amenities. The additional living quarters offer tremendous flexibility and income-producing potential, featuring private living spaces with kitchens or kitchenettes, spacious bedrooms, and dedicated bathrooms. Ideal for long-term rentals, extended family accommodations, guest quarters, or maximizing cash flow, these units add significant value and versatility. Major improvements include a 2016 roof, 2011 central AC, mini-splits, and plumbing/electrical in good working order. Additional units include a 1BD/1BA ($1,700/mo), 2BD/1BA ($2,000/mo), and 1BD/1BA ($1,000/mo), generating approx. $4,700/mo gross. Most improvements/additions are believed to be permitted, with the possible exception of the rear smaller unit. Buyer to verify all permits, use, zoning, and financing feasibility. Property is being sold strictly as-is. With no HOA and no rental restrictions, opportunities like this are becoming increasingly rare in South Florida. Whether you're seeking a primary residence with supplemental income, a multigenerational living solution, or a high-cash-flow investment property, this unique Cutler Bay opportunity offers exceptional versatility, strong income potential, and endless possibilities.
Financial Considerations
Price:
$619,999
HOA Fee:
N/A
Tax Amount:
$3611.64
Price per SqFt:
$250.91
Tax Legal Description:
5 56 40 BEL-AIRE SEC 1 PB 65-36 LOT 5 BLK 10 LOT SIZE 75.000 X 110 OR 15890-2340 0493 1 COC 23087-2994 01 2005 1
Exterior Features
Lot Size:
8250
Lot Features:
N/A
Waterfront:
No
Parking Spaces:
N/A
Parking:
N/A
Roof:
Built-Up, Shingle
Pool:
No
Pool Features:
N/A
Interior Features
Bedrooms:
6
Bathrooms:
5
Heating:
Central, Electric
Cooling:
Central Air
Appliances:
Other
Furnished:
Yes
Floor:
Ceramic Tile, Luxury Vinyl, Tile
Levels:
One
Additional Features
Property Sub Type:
Single Family Residence
Style:
N/A
Year Built:
1958
Construction Type:
Block, Concrete, Stucco
Garage Spaces:
No
Covered Spaces:
N/A
Direction Faces:
West
Pets Allowed:
No
Special Condition:
None
Additional Features:
Other
Additional Features 2:
N/A
Map
  • Address
    18615 SW 98TH AVE
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