523 NE 38th St 6, Miami, FL 33137 — MLS photo

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523 NE 38th St 6, Miami, FL 33137

Active · Townhouse

$489,000

523 NE 38th St 6, Miami, FL 33137

Beds
2
Baths
2
Living area
1,299 sq ft
$ / sq ft
$376/sq ft
Year built
1981
Lot size
—
HOA fee
$850
Annual tax
—

About this property

Fantastic opportunity to own a beautifully remodeled townhome in a charming community in between Edgewater & The Design District. This two-story gem has been totally remodeled with updated bathrooms and an open kitchen featuring custom wood cabinets & SS appliances. Sliding glass doors lead to a private outside back patio where you can barbecue as if you are in your own private home. The second floor is a two-bedroom split plan, featuring an additional balcony off of the primary bedroom. Washer and Dryer in unit. Amenities include a large tropical pool & plenty of parking. One block from the Bay & park and within a short walk to all the local shops & restaurants in The Design District and Midtown. Set within a boutique complex of only 17 units, the property provides a sense of privacy while remaining close to all major roadways and vibrant city amenities Miami has to offer. Enjoy the perfect lifestyle with none of the issues of high-rise condo living. Perfect as a primary residence or a smart investment, with strong rental appeal thanks to its excellent location. EASY TO SHOW.

Property location

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523 NE 38th St 6, Miami, FL 33137

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Facts & features

Interior

Bedrooms
2
Bathrooms
2
Living area
1,299 sq ft

Exterior & Structure

Property type
Townhouse
Year built
1981

Parking

Not provided in the MLS listing.

HOA, Community & Financials

Association fee
$850
County
Miami-Dade
MLS listing ID
A11936914
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

-$913

Cap rate
3.4%
Net yield
3.4%
Cash-on-cash return
-8.0%
Gross yield
9.0%
Mortgage payment
$2,318/mo
Down payment
$122,250
Loan amount
$366,750
Annual NOI
$16,862

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