Luxury Condos in Miami Under $1 Million: What Can You Buy in 2026? | Luxe Miami Realty

Exceptional income-producing opportunity in the heart of Little Havana. The main residence features 3 bedrooms and 2 bathrooms, along with a flexible additional room that can easily be converted into a separate living area to generate additional rental income or accommodate extended family. Adding to its strong cash-flow potential, the property includes an attached 1-bedroom, 1-bath efficiency as well as a detached 2-bedroom, 1-bath dwelling unit, creating three distinct living spaces on one parcel. This versatile single-family property offers multiple revenue streams in one of Miami’s most vibrant and centrally located neighborhoods.

Significant capital improvements provide peace of mind and long-term value, including a roof replaced with permits in 2024, no cast iron plumbing, and electrical and plumbing systems updated to modern standards. Both central A/C units are approximately two years old, and the Titan tankless water heater is about one year old. Hurricane panels are also in place, offering added storm protection for insurance savings. Centrally located just minutes from Downtown Miami, Airport, Brickell, Miami Beach and all major expressways. This property presents a rare opportunity for investors or owner-occupants seeking strong rental demand, flexibility, and solid infrastructure upgrades in Little Havana.