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Key Details
Sold Price $118,000
Property Type Condo
Sub Type Condominium
Listing Status Sold
Purchase Type For Sale
Square Footage 465 sqft
Price per Sqft $253
Subdivision River Lofts Condo
MLS Listing ID A11737805
Sold Date 04/01/25
Style None
Bedrooms 1
Full Baths 1
Construction Status Resale
HOA Fees $163/mo
HOA Y/N Yes
Min Days of Lease 1
Leases Per Year 365
Year Built 1930
Annual Tax Amount $2,087
Tax Year 2024
Contingent Association Approval
Property Sub-Type Condominium
Property 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, Currently generating $1,767/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 $163/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. . Roof is 3 year old. Open House Saturday 2/08/2025 9am.
Location
State FL
County Miami-dade
Community River Lofts Condo
Area 41
Interior
Interior Features Bedroom on Main Level, Third Floor Entry, Upper Level Primary
Heating Electric, Wall Furnace
Cooling Electric, Wall/Window Unit(s)
Flooring Tile
Appliance Electric Range, Electric Water Heater, Refrigerator
Laundry Common Area
Exterior
Exterior Feature Fence
Amenities Available Laundry
View Other
Garage No
Private Pool Yes
Building
Faces South
Architectural Style None
Structure Type Block
Construction Status Resale
Others
Pets Allowed Conditional, Yes
HOA Fee Include Amenities,Common Areas,Laundry,Maintenance Grounds,Maintenance Structure,Sewer,Trash,Water
Senior Community No
Tax ID 01-41-02-082-0030
Ownership Corporation
Security Features Complex Fenced
Acceptable Financing Cash
Listing Terms Cash
Financing Cash
Pets Allowed Conditional, Yes
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Stanislav Tyufyagin
Broker Associate | License ID: 3282976
Broker Associate License ID: 3282976