1355 NE 167th St 209, Miami, FL 33162 — MLS photo

Active · StockCooperative

$55,000

1355 NE 167th St 209, Miami, FL 33162

Beds: 1
Baths: 1
Living area: 688 sq ft
$ / sq ft: $80/sq ft
Year built: 1964
Lot size: —
HOA fee: $750 Monthly
Annual tax: $1,069

About this property

Lovely 1-Bed, 1- bathroom unit in a very well-maintained 55 plus community in North Miami Beach. Features updated cabinets, fresh paint, 2 wall AC units, and a screeed balcony. laundry on the same floor, elevator access. Enjoy 2 pools, (1 heated). a clubhouse, and activities. Maintenance includes taxes & land lease. No mortgage, cash Only. rentals allow 3 months per year. Great location near shopping!!!

Property location

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1355 NE 167th St 209, Miami, FL 33162

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Facts & features

Interior

Bedrooms: 1
Bathrooms: 1
Living area: 688 sq ft
Flooring: Vinyl
Appliances: Electric Water Heater, Microwave, Refrigerator
Cooling: Central Air, Electric
Heating: Central, Electric
Interior features: Bedroom On Main Level, First Floor Entry, Handicap Access

Exterior & Structure

Property type: StockCooperative
Year built: 1964
Stories: 3
Architectural style: None
Construction: Block
Exterior features: Balcony
Pool: Association, Heated
View: Garden

Parking

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

HOA, Community & Financials

Association fee: $750 Monthly
Fee inclusions: Amenities, Common Areas, Parking, Pools, Sewer, Trash
Amenities: Clubhouse, Fitness Center, Laundry, Library, Pool, Sauna
Security: Complex Fenced, Fire Alarm, Key Card Entry
Pets allowed: Conditional, Yes
Annual tax: $1,069
Subdivision: MAR-LEN GARDENS NO 9 CORP
County: Miami-Dade
Days on market: 279
MLS listing ID: A11918571
Listing status: Active

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Monthly HOA ($)

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Estimated monthly cash flow

$51

Cap rate: 6.8%
Net yield: 6.8%
Cash-on-cash return: 4.0%
Gross yield: 30.3%
Mortgage payment: $261/mo
Down payment: $13,750
Loan amount: $41,250
Annual NOI: $3,743

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