For sale
Photo 1 of 47$430,000
For saleCutler Bay, FL 33190
4 beds3 baths1,712 sq ftBuilt 2006MLS# A12102760
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About this property
Rare income-producing opportunity in the sought-after Lakes by the Bay GEE community in Cutler Bay. This two-story 4-bedroom, 3 full bath townhouse is currently generating consistent government-backed rental income with a Housing Choice Voucher (Section 8) tenant in place for 3+ years, zero collection issues, lease through December 2026, tenant seeking renewal.
The layout is a standout for rental investors: one full bedroom and full bath on the ground floor, ideal for multigenerational flexibility and maximum voucher eligibility. Upstairs, three additional bedrooms with high-grade laminate flooring. The main level features brand new ceramic tile, updated stainless steel appliances, granite countertops, a family room, and generous storage throughout. One-car finished garage plus driveway parking.
Hurricane shutters, private yard, and a well-maintained exterior. The community delivers long-term tenant retention drivers: resort-style pool, clubhouse, fitness stations, playground, and a scenic walking path around the lake.
Minutes to US-1, Florida's Turnpike, Black Point Marina, top-rated schools, dining, and shopping.
HAP contract transfers to new owner at closing.
Features
- Garage
Property details
- Property type
- Townhouse
- Year built
- 2006
- Living area
- 1,712 sq ft
- Price per sq ft
- $251
- HOA fee
- $115/mo
- Property taxes
- $8,871/yr
- Parking
- 1 spaces
- Building / community
- Lakes By The Bay Gee
- Status
- For sale
- MLS #
- A12102760
Location
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