Interior
- Bedrooms
- 2
- Bathrooms
- 2
- Living area
- 1,145 sq ft
Active · Condominium
$279,000
2841 NE 163rd St 802, North Miami Beach, FL 33160
- Beds
- 2
- Baths
- 2
- Living area
- 1,145 sq ft
- $ / sq ft
- $244/sq ft
- Year built
- 1969
- Lot size
- —
- HOA fee
- $1,022
- Annual tax
- —
About this property
Investor/Family Opportunity: 2BR + Den (currently used as a 3rd bedroom for kid) with Oleta River views in desirable Eastern Shores. No assessments in last 2 years, strong reserves, and building recently passed 50-year recertification. Building completed concrete restoration, fresh paint & new glass balconies. Upgrades include open kitchen with granite & SS appliances, updated baths, built-out closets, new electrical panel, tankless water heater. Oversized primary, accordion shutters, 1 covered parking. Investor opportunity: Owner willing to lease back – immediate income potential. Prime location minutes to beach, Aventura, Bal Harbour, shops & dining. Easy to show.
Property location
Get Directions2841 NE 163rd St 802, North Miami Beach, FL 33160
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Facts & features
Exterior & Structure
- Property type
- Condominium
- Year built
- 1969
Parking
Not provided in the MLS listing.
HOA, Community & Financials
- Association fee
- $1,022
- County
- Miami-Dade
- MLS listing ID
- A11980051
- 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
-$404
- Cap rate
- 4.0%
- Net yield
- 4.0%
- Cash-on-cash return
- -6.2%
- Gross yield
- 12.2%
- Mortgage payment
- $1,323/mo
- Down payment
- $69,750
- Loan amount
- $209,250
- Annual NOI
- $11,024
Estimates only — includes 5% maintenance reserve and ~3% closing costs in cash invested. Verify taxes, HOA and insurance before making an offer.