his 1-bedroom, 1-bathroom apartment is located on the 3rd floor and offers an exceptional investment opportunity with strong returns and low overhead. ?? High CAP rate of 18%, with Airbnb and short-term rentals now approved ?? Currently rented for $1, 816/month through Section 8, ensuring immediate cash flow ?? Low HOA fees only $204.28/month ?? Newer roof only 3 years old ?? Strategically located near Brickell, Downtown Miami, Wynwood, and South Beach ?? Situated in one of Miamis fastest-growing neighborhoods Ideal for cash buyers looking for turnkey rental income with future appreciation potential.
Property Features
Bedrooms
Bathrooms
- Total Bathrooms: 1
- Full Bathrooms: 1
Interior Features
- BedroomOnMainLevel
- ThirdFloorEntry
- Flooring: Tile
Appliances
Heating and Cooling
- Cooling Features: CeilingFans, WallWindowUnits
- Heating Features: Electric
- Heating: Yes
Garage and Parking
- Parking Features: OnStreet
Homeowners Association
- Association: Yes
- Association Fee: 200
- Association Fee Frequency: Monthly
- Association Fee Includes: Laundry, Water
- Calculated Total Monthly Association Fees: 200
- Pets Allowed: No
Condo Info
- Unit Location: Interior Hall
Other Property Info
- Annual Tax Amount: 2270
- Source Listing Status: Active
- County: Miami-Dade
- Tax Year: 2024
- Restrictions: DailyRentalsAllowed
- Source Property Type: Residential
- Area: 41
- Property Subtype: condo
- Source Neighborhood: RIVER LOFTS CONDO
- Parcel Number: 01-41-02-082-0180
- Postal City: Miami
- Postal Code Plus 4: 1192
- Public Survey Range: 41
- Public Survey Section: 2
- Public Survey Township: 2
- Subdivision: RIVER LOFTS CONDO
- Property Subtype: Condominium
- Source System Name: C2C
Building and Construction
- Total Square Feet Living: 465
- Year Built: 1930
- Building Area Total: 465
- Construction Materials: Block
- Entry Level: 3
- Entry Location: 3
- Property Age: 95
- Property Attached: Yes
- Building Total Stories: 3