Interior
- Bedrooms
- 1
- Bathrooms
- 2
- Living area
- 978 sq ft
Active · Condominium
$349,990
253 NE 2nd St 617, Miami, FL 33132
- Beds
- 1
- Baths
- 2
- Living area
- 978 sq ft
- $ / sq ft
- $358/sq ft
- Year built
- 2008
- Lot size
- —
- HOA fee
- $1,226
- Annual tax
- —
About this property
PRICE IMPROVEMENT! SELLER PAYS ALL SPECIAL ASSESSMENTS IN FULL AT CLOSING - buyer takes the unit free and clear of both the South Tower ($566.45/mo through Dec 2026) and Master ($329.98/mo through May 2027) assessments. Parking included on the SAME FLOOR as the unit - just 15 steps from your door, no elevators or garage ramps. Rare two-story loft with 1 bedroom and 1.5 baths. 19-foot floor-to-ceiling impact windows frame bay and skyline views, with electronic blinds, upgraded kitchen and bath, tile floors, in-unit washer/dryer and extra storage. Valet available. INVESTOR-FRIENDLY: 30-day minimum lease, 12 leases per year. Fully renovated amenities - pools filled and reopening for the 2026-2027 season upon final health inspection: 4 pools with Tiki bar, indoor/outdoor hot tubs, spa, fitness center, media room and party room. Walk to Bayfront Park, Kaseya Center, Whole Foods and Metromover.
Property location
Get Directions253 NE 2nd St 617, Miami, FL 33132
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Facts & features
Exterior & Structure
- Property type
- Condominium
- Year built
- 2008
Parking
Not provided in the MLS listing.
HOA, Community & Financials
- Association fee
- $1,226
- County
- Miami-Dade
- MLS listing ID
- A11990681
- 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
-$1,193
- Cap rate
- 1.6%
- Net yield
- 1.6%
- Cash-on-cash return
- -14.6%
- Gross yield
- 9.3%
- Mortgage payment
- $1,659/mo
- Down payment
- $87,498
- Loan amount
- $262,493
- Annual NOI
- $5,596
Estimates only — includes 5% maintenance reserve and ~3% closing costs in cash invested. Verify taxes, HOA and insurance before making an offer.