Cutler Bay, FL 33190

$430,000
: 4
BD
: 3
BA
: 1,712
SqFt

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List Price: $430,000
MLS#: A12102760
Complex Name: Lakes By The Bay
Status: ACTIVE
Type: Townhome
Bedrooms: 4
Full baths: 3
Living Area: 1,712

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Property Description

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.

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Additional Information

Days on Market: 377
Interior Features: First Floor Entry
Tax Amount: $8,871
Parcel Number: 36-60-16-016-1210
#Garage Spaces: 1
Bedroom Description: At Least 1 Bedroom Ground Level
Exterior Features: None, Courtyard
Association Fee: $115
Unit View: Garden View
Parking Restrictions: 1 Space
SqFt Liv Area: 1,712
Amenities: Clubhouse-Clubroom, Pool
Year Built: 2006
Style: Townhouse
Restrictions: No Trucks/Rv'S
Development Name: Lakes By The Bay Gee
Construction Type: Concrete Block Construction
Section: 16