Cays Realty
1110 NW 1 ST 705, Miami, FL 33128 — MLS photo

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1110 NW 1 ST 705, Miami, FL 33128

Active · Condominium

$470,000

1110 NW 1 ST 705, Miami, FL 33128

Beds
2
Baths
2
Living area
1,057 sq ft
$ / sq ft
$445/sq ft
Year built
2023
Lot size
—
HOA fee
$868 Monthly
Annual tax
$7,990

About this property

CLOSINGS HAVE BEGUN !!!!!....... Modern living in the heart of Miami at an attainable price. Centralis Residences Miami is a boutique Condominium of only 100 residences recently built (late 2023) that offers move-in-ready 1BD/1BH units from the $300Ks & 2BD/BH units from the $400Ks. The building features assigned covered parking, private balconies, resort-style pool, social lounge, & 24/7 fitness center. Residences include kitchens with quartz countertops, & wood-style flooring. Just a few blocks from Calle Ocho, minutes to Brickell, Downtown, Coral Gables, & 2nd largest health district. Located in the booming & revitalizing Little Havana. Ideal for first time buyers looking live in the heart of Miami for an attainable price or Investor looking to earn income from day one & seeking rental flexibility (12 times per year).

Property location

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1110 NW 1 ST 705, Miami, FL 33128

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Facts & features

Interior

Bedrooms
2
Bathrooms
2
Living area
1,057 sq ft
Flooring
Vinyl
Appliances
Dryer, Dishwasher, Electric Range, Disposal, Ice Maker, Microwave, Refrigerator, Washer
Cooling
Central Air, Electric
Heating
Central, Electric
Interior features
Bedroom On Main Level, Eat In Kitchen, High Ceilings, Kitchen Dining Combo, Living Dining Room, Main Living Area Entry Level, Pantry, Sitting Area In Primary, Split Bedrooms, Tub Shower, Walk In Closets, Elevator

Exterior & Structure

Property type
Condominium
Year built
2023
Stories
8
Architectural style
High Rise
Construction
Block
Exterior features
Balcony, Barbecue, Deck, Security High Impact Doors
View
City

Parking

Garage spaces
1
Covered spaces
1
Parking features
Assigned, Attached, Covered, Garage, One Space

HOA, Community & Financials

Association fee
$868 Monthly
Fee inclusions
Common Areas, Hvac, Internet, Parking, Pest Control, Sewer, Trash, Water
Amenities
Billiard Room, Cabana, Clubhouse, Fitness Center, Barbecue, Picnic Area, Elevators
Security
Elevator Secured, Fire Alarm, Key Card Entry, Fire Sprinkler System, Smoke Detectors
Pets allowed
Size Limit, Yes
Annual tax
$7,990
Subdivision
CENTRALIS RESIDENCES
County
Miami-Dade
Days on market
314
MLS listing ID
A11900456
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

-$1,161

Cap rate
2.7%
Net yield
2.7%
Cash-on-cash return
-10.6%
Gross yield
8.2%
Mortgage payment
$2,228/mo
Down payment
$117,500
Loan amount
$352,500
Annual NOI
$12,810

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