Active · Condominium

$290,000

Miami, FL 33138

Beds: 1
Baths: 1
Living area: 723 sq ft
$ / sq ft: $401/sq ft
Year built: 1972
Lot size: —
HOA fee: $454 Monthly
Annual tax: $4,454

About this property

Investors' opportunity!! Tenant in place. Special Assessments will be paid by Seller at closing. Unique complex in trendy Upper East Side, MIMO District. 1BD/!BA unit offers SS appliances, ample dining/living area, balcony and nice size bedroom. Unique amenities: 2 swimming pools, jacuzzi, man-made beach. volleyball court, BBQ area, kayak storage, gym, Management office, convenience store. All in a lushly maintained central garden. . Short drive to Midtown, Design District, Edgewater, Brickell, Miami Beach and the airport.

Property location

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Miami, FL 33138

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Facts & features

Interior

Bedrooms: 1
Bathrooms: 1
Living area: 723 sq ft
Flooring: Ceramic Tile
Appliances: Dishwasher, Electric Range, Electric Water Heater, Disposal, Microwave, Refrigerator
Cooling: Central Air
Heating: Central
Interior features: Bedroom On Main Level, First Floor Entry, Living Dining Room, Main Living Area Entry Level, Tub Shower, Elevator
Furnished: Unfurnished

Exterior & Structure

Property type: Condominium
Year built: 1972
Stories: 5
Construction: Block
Exterior features: Balcony
Pool: Association
Waterfront: Bayfront
View: Garden, Other

Parking

Garage spaces: 0
Covered spaces: 0
Parking features: Open, One Space

HOA, Community & Financials

Association fee: $454 Monthly
Fee inclusions: Association Management, Amenities, Common Areas, Cable Tv, Hot Water, Insurance, Laundry, Maintenance Grounds, Maintenance Structure, Sewer, Trash, Water
Amenities: Fitness Center, Laundry, Other, Pool, Spa Hot Tub, Trash, Elevators
Security: Complex Fenced, Key Card Entry, Security Guard, Smoke Detectors
Pets allowed: Conditional, Yes
Annual tax: $4,454
Subdivision: NIRVANA CONDO NO ONE COND
County: Miami-Dade
Days on market: 335
MLS listing ID: A11883714
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.

Down payment (%)

Interest rate (%)

Loan term (yrs)

Monthly rent ($)

Monthly HOA ($)

Property taxes ($/yr)

Home insurance ($/yr)

Vacancy (%)

Estimated monthly cash flow

-$480

Cap rate: 3.7%
Net yield: 3.7%
Cash-on-cash return: -7.1%
Gross yield: 8.7%
Mortgage payment: $1,375/mo
Down payment: $72,500
Loan amount: $217,500
Annual NOI: $10,737

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