465 sqft | 1 bed | 1 bath | #A11711913
Description
fantastic investment opportunity! aPT 1/1 Located on the 3rd floor With its prime location, high cap rate, and low HOA fees, it's an appealing option for anyone looking to get into the Miami real estate market. Close to major attractions like Brickell, Downtown Miami, Wynwood, and South Beach. Airbnb and short-term rentals just approved, with a current 15% cap rate.Currently generating $1,800/month through Section 8, offering immediate cash flow. Situated in one of Miami’s fastest developing areas, ensuring long-term appreciation. Low HOA/maintenance fees of just $162/month. It's definitely a property that could be worth considering, especially for cash buyers looking for a ready-made income stream and potential for future growth.
Property Details
- InteriorThird Floor Entry
- SubdivisionRIVER LOFTS CONDO
- CountyMiami-Dade County
- Property SubtypeCondominium
- Parking TypeOn Street
- MLS #A11711913
- MLS #A11711913
- Property TypePurchase
- Cost129899
- Structure TypeCondo
- Year Built1930
- Square Feet465
- Hoa Fees162
- Bedrooms1
- Bathrooms1
- Full Baths1
- Stories3
Location
Legal
MIAMI ASSOCIATION OF REALTORS® All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of the Multiple Listing Service. Real estate listings held by brokerage firms other than Marjo Realty Co. may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS.
Last Updated: . Source: MAOR
Listing Courtesy
Listing Agent: Gustavo Ramos (#3397720)
Listing Office: Echo International Realty, LLC. (#ECHO01)
Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.
