Cays Realty
398 NE 5th St 4708, Miami, FL 33132 — MLS photo

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398 NE 5th St 4708, Miami, FL 33132

Active · HotelMotel

$768,000

398 NE 5th St 4708, Miami, FL 33132

Beds
1
Baths
1
Living area
430 sq ft
$ / sq ft
$1,786/sq ft
Year built
2022
Lot size
—
HOA fee
$150 Quarterly
Annual tax
$12,704

About this property

THE ELSER Hotel & Residences. BRAND NEW! 1/1 OCEAN view unit excellent location in the heart of Downtown Miami. Italian kitchen, quartz counter, Fully furnished & equipment, Resort style amenities, Co working spaces, Sky entertainment Lounge & more to discover. Ready to move to enjoy a Miami lifestyle

Property location

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398 NE 5th St 4708, Miami, FL 33132

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Facts & features

Interior

Bedrooms
1
Bathrooms
1
Living area
430 sq ft
Flooring
Ceramic Tile
Appliances
Dryer, Dishwasher, Electric Range, Electric Water Heater, Disposal, Microwave, Refrigerator, Trash Compactor, Washer
Cooling
Central Air
Heating
Central
Interior features
Bedroom On Main Level, First Floor Entry, Bar

Exterior & Structure

Property type
HotelMotel
Year built
2022
Stories
47
Architectural style
High Rise
Construction
Block
Exterior features
Security High Impact Doors
Waterfront
Bayfront
View
Bay

Parking

Garage spaces
1
Covered spaces
1
Parking features
One Space

HOA, Community & Financials

Association fee
$150 Quarterly
Fee inclusions
Amenities, Common Areas, Cable Tv, Hot Water, Insurance, Internet, Maintenance Grounds, Maintenance Structure, Other, Parking, Pools, Roof, Sewer, Security, Trash, Water
Amenities
Elevators
Security
Key Card Entry
Pets allowed
Conditional, Yes
Annual tax
$12,704
Subdivision
78
County
Miami-Dade
Days on market
631
MLS listing ID
A11560922
Listing status
Active

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Pre-filled from this listing's price, HOA and tax record. Adjust anything to see returns update instantly.

Estimated monthly cash flow

-$2,600

Cap rate
1.6%
Net yield
1.6%
Cash-on-cash return
-14.5%
Gross yield
4.5%
Mortgage payment
$3,641/mo
Down payment
$192,000
Loan amount
$576,000
Annual NOI
$12,489

Estimates only — includes 5% maintenance reserve and ~3% closing costs in cash invested. Verify taxes, HOA and insurance before making an offer.