121 NE 5th Street 1001B, Miami, FL 33132 — MLS photo

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121 NE 5th Street 1001B, Miami, FL 33132

Active · Condominium

$475,000

121 NE 5th Street 1001B, Miami, FL 33132

Beds
0
Baths
1
Living area
447 sq ft
$ / sq ft
$1,063/sq ft
Year built
2025
Lot size
—
HOA fee
$563 Monthly
Annual tax
$0

About this property

High-floor fully furnished studio at 501 First Residences designed for investors seeking daily rental income potential in the heart of Downtown Miami. Unit 1001B offers 385 SF (36 m²) with a modern open layout, floor-to-ceiling glass, and a private balcony delivering natural light and an efficient, guest-friendly design. The residence comes turnkey furnished with blinds and sofa bed, includes private storage, and is located in a building that permits short-term rentals with no minimum lease restrictions, making it an excellent addition to any income-producing portfolio. Residents and guests enjoy access to resort-style amenities, fitness facilities, social and co-working areas, and proximity to Miami Worldcenter, Brightline, shopping, dining, and entertainment venues. A compact, income-ready unit optimized for high-demand short-term rental use.

Property location

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121 NE 5th Street 1001B, Miami, FL 33132

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Facts & features

Interior

Bedrooms
0
Bathrooms
1
Living area
447 sq ft
Flooring
Ceramic Tile
Appliances
Dryer, Dishwasher, Disposal, Microwave, Refrigerator, Washer
Cooling
Central Air
Heating
Central
Interior features
Bedroom On Main Level, First Floor Entry, Main Living Area Entry Level, Shower Only
Furnished
Furnished

Exterior & Structure

Property type
Condominium
Year built
2025
Stories
40
Architectural style
High Rise
Construction
CBSConcrete Block Structure, Block
Exterior features
Security High Impact Doors, Patio
Pool
Association
View
Skyline

Parking

Garage spaces
0
Covered spaces
0
Parking features
None

HOA, Community & Financials

Association fee
$563 Monthly
Fee inclusions
Amenities, Cable Tv, Hot Water, Internet, Water
Amenities
Community Kitchen, Fitness Center, Pool
Security
Door Man, Elevator Secured, Lobby Secured
Pets allowed
Conditional, Yes
Annual tax
$0
Subdivision
501 First Residences
County
Miami-Dade
Days on market
253
MLS listing ID
A11961966
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

-$1,192

Cap rate
2.7%
Net yield
2.7%
Cash-on-cash return
-10.8%
Gross yield
5.3%
Mortgage payment
$2,252/mo
Down payment
$118,750
Loan amount
$356,250
Annual NOI
$12,718

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