CASH ONLY --- Attention Investors!!! 8% cap rate. This well-maintained, pet-friendly 1-bed, 1-bath condo features a private balcony with views of the Miami downtown skyline. Located in the heart of Miami, it offers an excellent investment opportunity with a Section 8 tenant in place, paying current market rent. The building has assigned parking, remote-controlled gate access, and a washer/dryer on every floor. This condo is conveniently located next to the elevator, just minutes from downtown Miami's dining, shopping, and entertainment. A fantastic opportunity for investors! Showings only with accepted offer It is the responsibility of the buyers agent to verify all information and conduct due diligence
Property Features
Bedrooms
Bathrooms
- Total Bathrooms: 1
- Full Bathrooms: 1
Interior Features
- BedroomOnMainLevel
- FirstFloorEntry
- Elevator
- Flooring: CeramicTile
Appliances
- ElectricRange
- Refrigerator
Heating and Cooling
- Cooling Features: CentralAir
- Heating Features: Electric
- Heating: Yes
Exterior and Lot Features
Garage and Parking
- Carport Spaces: 1
- Covered Spaces: 2
- Garage Spaces: 1
- Parking Features: OneSpace, GarageDoorOpener
Home Features
- View: City
- Security Features: ComplexFenced, SecuredGarageParking, FireSprinklerSystem, SmokeDetectors
Homeowners Association
- Association: Yes
- Association Amenities: Elevators
- Association Fee: 273
- Association Fee Frequency: Monthly
- Association Fee Includes: AssociationManagement, Laundry, MaintenanceGrounds, MaintenanceStructure, Sewer, Trash, Water
- Calculated Total Monthly Association Fees: 273
- Pets Allowed: Conditional, Yes
Other Property Info
- Annual Tax Amount: 2415
- Source Listing Status: Active
- County: Miami-Dade
- Tax Year: 2024
- Source Property Type: Residential
- Property Subtype: condo
- Source Neighborhood: RIOPLAZA CONDOMINIUM SOUT
- Parcel Number: 01-41-38-068-0530
- Postal City: Miami
- Postal Code Plus 4: 1388
- Subdivision: RIOPLAZA CONDOMINIUM SOUT
- Property Subtype: Condominium
- Source System Name: C2C
Building and Construction
- Total Square Feet Living: 605
- Year Built: 1988
- Building Area Total: 605
- Construction Materials: Block
- Direction Faces: North
- Entry Level: 6
- Entry Location: 6
- Property Age: 37
- Property Attached: Yes
- Building Total Stories: 6
- Year Built Details: Effective Year Built