Ricmar Heights Single Family Homes For Sale in Miami - 1 homes

Remarks:  Rare corner property with incredible flexibility and upside. This is truly a one-of-a-kind opportunity in one of Miami’s fastest growing neighborhoods. Currently configured as a non-conforming single-family home with three efficiencies (4 total living spaces), the property offers strong income potential or the option to convert back to a spacious primary residence. Whether you're an investor seeking a value-add flip, a long-term cash-flowing asset, or an owner-occupant looking to accommodate a large family, this property offers exceptional versatility. The fully fenced lot features a gated entrance, oversized driveway with ample parking for multiple vehicles, mature shade trees, and a large backyard with plenty of room to enhance or customize. A covered patio provides ideal space for relaxing or outdoor entertaining, while multiple private entrances allow for flexible living arrangements. The interiors feature practical layouts with tile flooring throughout the main living areas for durability and low maintenance. Kitchens offer ample cabinetry and counter space, while bedrooms are well-sized with closet space and ceiling fans. Bathrooms are clean and functional with tiled showers and updated vanities, offering room for cosmetic upgrades that can further increase value. Major systems are in solid condition, including a roof approximately 3 years old, AC and water heater about 4 years old, recently serviced septic with newer drainfield, and functioning plumbing and electrical. The property is currently occupied by three paying tenants on month-to-month leases generating $3,400 per month in rental income: $1,550 for the 2-bedroom unit, $975 for one 1-bedroom unit, and $875 for the other 1-bedroom unit. A fourth occupant currently assists with collecting rents. All tenants are on month-to-month agreements and would require 30 days’ notice if a buyer chooses not to keep them. Some improvements may be non-conforming or completed without permits, and buyers should verify with the city and their lender regarding financing options. With no HOA and no rental restrictions, this property represents a rare opportunity for investors or buyers seeking flexibility, income potential, and long-term appreciation. Priced aggressively, this versatile property offers endless possibilities. Don’t miss this unique opportunity.

Listing is courtesy of: RICHARD PETERS REALTY LLC (352-448-9712)

Listing Agent: Ronald Ryder (305-302-9806)