Cays Realty
227 NE 2nd St 1705, Miami, FL 33132 — MLS photo

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227 NE 2nd St 1705, Miami, FL 33132

Active · Condominium

$429,000

227 NE 2nd St 1705, Miami, FL 33132

Beds
1
Baths
1
Living area
516 sq ft
$ / sq ft
$831/sq ft
Year built
2022
Lot size
—
HOA fee
$848 Monthly
Annual tax
$7,192

About this property

Amazing investment! Short term rental allowed with no restrictions. Unique opportunity to own a new and modern apartment in Yotel Pad Condo in the heart of Downtown Miami. Open kitchen with new appliances and washer and dryer in unit. Yotel Pad is a brand new building (2022) with innovative design, digitally driven and amazing amenities that include a bar, pool, gym, business center, pet spa, and an exclusive rooftop lounge for residents. Valet parking and security in lobby. Conveniently located right by the metro-rail station, walking distance from Bayfront Park, Biscayne Bay and FTX Arena. Quick access to Brickell, Miami Beach, Miami Design District and Miami International Airport.

Property location

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227 NE 2nd St 1705, Miami, FL 33132

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Facts & features

Interior

Bedrooms
1
Bathrooms
1
Living area
516 sq ft
Flooring
Carpet, Other
Appliances
Dryer, Dishwasher, Electric Range, Electric Water Heater, Microwave, Refrigerator, Trash Compactor, Washer
Cooling
Electric
Heating
Electric
Interior features
Built In Features, Bedroom On Main Level, Closet Cabinetry, Eat In Kitchen, Living Dining Room, Shower Only, Bar
Furnished
Negotiable

Exterior & Structure

Property type
Condominium
Year built
2022
Stories
31
Architectural style
High Rise
Construction
Block
Exterior features
Balcony, Security High Impact Doors
Pool
Association
View
City, Other

Parking

Garage spaces
0
Covered spaces
0
Parking features
Valet

HOA, Community & Financials

Association fee
$848 Monthly
Fee inclusions
Association Management, Amenities, Common Areas, Cable Tv, Hot Water, Maintenance Structure, Other, Pools, Sewer, Security, Trash
Amenities
Bike Storage, Clubhouse, Fitness Center, Hobby Room, Other, Pool, Elevators
Security
Elevator Secured, Lobby Secured, Security Guard, Fire Sprinkler System, Smoke Detectors
Pets allowed
Conditional, Yes
Annual tax
$7,192
Subdivision
MAP OF MIAMI DADE CO. FL.
County
Miami-Dade
Days on market
523
MLS listing ID
A11694652
Listing status
Active

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Yield & ROI calculator

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

Estimated monthly cash flow

-$1,833

Cap rate
0.6%
Net yield
0.6%
Cash-on-cash return
-18.3%
Gross yield
5.9%
Mortgage payment
$2,034/mo
Down payment
$107,250
Loan amount
$321,750
Annual NOI
$2,406

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