Property Features
- Status: Active
- Category: For Sale
- Type: Condominium
- Subdivision Name: RIVER LOFTS CONDO
- Bedrooms: 1
- Bathrooms: 1
- Half Baths: 0
- Living Square Feet: 465 sq ft
- Lot Size Square Feet: 0 sq ft
- Pets Allowed: Maximum 20 Lbs
- Association Y/N: Yes
- Association Fee: $185
- Tax Year: 2023
- Tax Annual Amount: $2,087
- Original List Price: $129,999
- DOM: 0
- MLS ID: A11711851
Description
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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 $1,857/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 $184.88/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.
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Building Details
- Number Of Units Total: 24
- Building Area Total: 465 sq ft
- Parking Features: On Street
- Security Features: Other
- View: Other View
- Carport Spaces: 0
- Building Name: RIVER LOFTS CONDO
- Covered Spaces: 0
- Construction Materials: CBS Construction
- Garage Spaces: 0
- Entry Level: 3
Rooms
- Room Bedroom Features: Primary Bedroom Upstairs
Amenities & Features
- View Y/N: Yes
- Appliances: Electric Water Heater, Electric Range, Refrigerator
- Exterior Features: None, Other
- Cooling Y/N: Yes
- Cooling: Electric, Wall/Window Unit(s)
- Interior Features: Third Floor Entry
- Heating: Electric, Window/Wall
- Furnished: Unfurnished
- Flooring: Tile
Location
- Direction Faces: South
Ask an Agent About This Home
This Condominium style property is located in Miami is currently For Sale. This property is listed at $129,999. It has 1 bed, 1 bath, and has 465 sq ft. The property was built in the year Resale, 1930. Listing courtesy of Echo International Realty, LLC.