398 NE 5th St 1619, Miami, FL 33132 — MLS photo

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398 NE 5th St 1619, Miami, FL 33132

Active · Condominium

$850,000

398 NE 5th St 1619, Miami, FL 33132

Beds
1
Baths
1
Living area
626 sq ft
$ / sq ft
$1,358/sq ft
Year built
2022
Lot size
—
HOA fee
$665 Quarterly
Annual tax
$13,302

About this property

Modern furnished 1/1 unit at The Elser, located on the 16th floor with expansive urban views of Downtown Miami. Ideal for investors or end-users, this unit allows short-term rentals, long-term leases, or full-time living. Modern finishes include premium appliances, in-unit washer/dryer, and smart keyless entry. The building offers resort-style amenities: pool, state-of-the-art fitness center, co-working spaces, and 24/7 concierge. Located steps from Miami’s top dining, entertainment, and cultural destinations. Directly across from Bayside Marketplace and Kaseya Center, and within walking distance to the future Miami Worldcenter, Brightline Station, Bayfront Park and Port of Miami.

Property location

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398 NE 5th St 1619, Miami, FL 33132

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Facts & features

Interior

Bedrooms
1
Bathrooms
1
Living area
626 sq ft
Flooring
Tile
Appliances
Dryer, Dishwasher, Electric Range, Electric Water Heater, Disposal, Microwave, Refrigerator, Washer
Cooling
Central Air
Heating
Central
Interior features
Bedroom On Main Level, Walk In Closets, Bar

Exterior & Structure

Property type
Condominium
Year built
2022
Stories
47
Architectural style
High Rise
Construction
Block
Exterior features
Balcony, Security High Impact Doors
Pool
Association
View
Other

Parking

Garage spaces
1
Covered spaces
1
Parking features
Assigned, Covered, Valet

HOA, Community & Financials

Association fee
$665 Quarterly
Fee inclusions
Amenities, Common Areas, Cable Tv, Internet, Maintenance Structure, Pools, Sewer, Security, Trash
Amenities
Billiard Room, Business Center, Clubhouse, Fitness Center, Other, Playground, Pool, Sauna, Spa Hot Tub, Elevators
Security
Elevator Secured, Key Card Entry, Security Guard, Smoke Detectors
Pets allowed
Conditional, Yes
Annual tax
$13,302
Subdivision
MAP OF MIAMI DADE CO. FL.
County
Miami-Dade
Days on market
497
MLS listing ID
A11806224
Listing status
Active

Investment intelligence

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

-$2,738

Cap rate
1.8%
Net yield
1.8%
Cash-on-cash return
-13.8%
Gross yield
4.9%
Mortgage payment
$4,029/mo
Down payment
$212,500
Loan amount
$637,500
Annual NOI
$15,495

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