Are you looking for a property that offers both versatility and potential for income? Look no further than this charming Biscayne Park home for sale. Currently zoned as a duplex, this property is situated in the stunning Biscayne Park, known for its tranquility and natural beauty. With a total square footage of over 3,000, this property has plenty of space to accommodate your needs.
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The main structure of the property is a two-story building that is divided into two units, with one unit on the upper floor and the other on the lower floor. In addition to this, the property also boasts a detached three-car garage, which presents a unique opportunity for its use. The possibilities are endless – you could convert it into an artist studio, a recording studio, or even an in-law quarters.
However, the true potential of this property lies in its untapped value and income opportunities. A suggestion for maximizing its potential is to convert the property into a single, spacious two-story home with four bedrooms and two bathrooms, offering over 2,000 square feet of living space. Additionally, the 750 square foot detached structure could be renovated into a second living unit, further increasing the income potential of the property.
Situated on a large lot measuring 11,250 square feet, this property offers ample space and privacy. Despite the potential changes, it can still be maintained as a duplex, with two separate houses, each with its own private yard and parking space. Furthermore, both units come with the convenience of having their own washer and dryer, making laundry a breeze for the occupants.
The property has undergone recent upgrades, with new roofs installed in both units. The kitchen appliances in the units are also newer, ensuring a modern and functional cooking space. Additionally, new hot water heaters have been installed, providing comfort and convenience to the occupants.
Currently, the downstairs unit is occupied until April 30, 2024, providing an immediate source of income for the new owner. The tenant in this unit is responsible for paying electricity, cable, and gas bills, reducing the owner’s expenses.
The location of this property is another highlight, as it is conveniently close to the community center and offers easy access to plenty of green spaces. If you enjoy outdoor activities or spending time in nature, this property is perfectly situated for you.
It is important to note that this property is not located in a flood zone, offering peace of mind and potentially reducing insurance costs. With so many desirable features and potential, this Biscayne Park home won’t stay on the market for long.
If you are interested in this property, don’t hesitate to call today. However, please note that a 24-hour notice is required for viewing the downstairs unit. Additionally, there is no appraisal contingency, so act quickly to secure this fantastic investment opportunity.
11642 NE 11 Pl, Biscayne Park, FL 33161