1861 NW S River Dr 2505, Miami, FL 33125 — MLS photo

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1861 NW S River Dr 2505, Miami, FL 33125

Active · Condominium

$460,000

1861 NW S River Dr 2505, Miami, FL 33125

Beds
2
Baths
2
Living area
1,022 sq ft
$ / sq ft
$450/sq ft
Year built
2010
Lot size
—
HOA fee
$1,219
Annual tax
—

About this property

Great investment or homeowner opportunity! This remodeled corner unit offers floor-to-ceiling windows, abundant natural light, and panoramic views of the River, yachts, and breathtaking sunsets. Furniture available for purchase. Lobby, Elevators, Pool, and Building are scheduled for renovation in the next month, adding strong future value. Enjoy resort-style amenities including valet, pool, jacuzzi, sauna, renovated gym, 24/7 convenience store, party room, office space, BBQ area, and 24-hour gated security. A beautiful riverfront park next door is currently being renovated, and the building is on the River yet not in a flood zone. Two master bedrooms with en-suite bathrooms and walk-in closets on opposite sides for maximum privacy. Pets are welcome. Parking and Storage are available at an additional cost. Centrally located minutes from River Landing Shops, grocery stores, restaurants, airport (7 min), Downtown, Wynwood, Brickell (8–12 min), Miami Beach (16 min), Coral Gables (15 min), Hospital and Baseball stadium (5 min). Quiet Residential Neighborhood and fast-growing area surrounded by new construction including restaurants and soccer stadium. HOA includes water, trash, pest control, and amenities.

Property location

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1861 NW S River Dr 2505, Miami, FL 33125

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Facts & features

Interior

Bedrooms
2
Bathrooms
2
Living area
1,022 sq ft

Exterior & Structure

Property type
Condominium
Year built
2010

Parking

Not provided in the MLS listing.

HOA, Community & Financials

Association fee
$1,219
County
Miami-Dade
MLS listing ID
A11949463
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

-$1,602

Cap rate
1.5%
Net yield
1.5%
Cash-on-cash return
-14.9%
Gross yield
8.1%
Mortgage payment
$2,181/mo
Down payment
$115,000
Loan amount
$345,000
Annual NOI
$6,946

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