16900 NE 14th Ave 204, Miami, FL 33162 — MLS photo

Active · StockCooperative

$70,000

16900 NE 14th Ave 204, Miami, FL 33162

Beds: 1
Baths: 1
Living area: 688 sq ft
$ / sq ft: $102/sq ft
Year built: 1965
Lot size: —
HOA fee: $650 Monthly
Annual tax: $1,200

About this property

Beautiful apartment in North Miami Beach! Enjoy a prime location just minutes from the beach. Resort-style living with everything included comfort, convenience, and lifestyle all in one place. Don’t miss this opportunity!

Property location

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16900 NE 14th Ave 204, Miami, FL 33162

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Facts & features

Interior

Bedrooms: 1
Bathrooms: 1
Living area: 688 sq ft
Flooring: Laminate
Appliances: Electric Water Heater, Microwave, Refrigerator
Cooling: Central Air, Ceiling Fans
Heating: Central, Other
Interior features: Second Floor Entry, Custom Mirrors, Other, Pantry, Elevator

Exterior & Structure

Property type: StockCooperative
Year built: 1965
Stories: 3
Architectural style: Other
Construction: Brick, Block
Exterior features: Balcony, Fence
Pool: Association, Heated
View: Garden, Other

Parking

Garage spaces: 0
Covered spaces: 1
Parking features: One Space

HOA, Community & Financials

Association fee: $650 Monthly
Fee inclusions: Amenities, Common Areas, Hvac, Hot Water, Insurance, Laundry, Maintenance Grounds, Maintenance Structure, Other, Pools, Recreation Facilities, Sewer, Trash, Water
Amenities: Billiard Room, Bike Storage, Clubhouse, Hobby Room, Laundry, Library, Barbecue, Picnic Area, Pool, Sauna, Spa Hot Tub, Elevators
Security: Complex Fenced, Key Card Entry, Other
Pets allowed: No
Annual tax: $1,200
Subdivision: MAR-LEN GARDENS NO 1 CORP
County: Miami-Dade
Days on market: 36
MLS listing ID: A11999844
Listing status: Active

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Monthly HOA ($)

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Estimated monthly cash flow

$106

Cap rate: 7.5%
Net yield: 7.5%
Cash-on-cash return: 6.5%
Gross yield: 24.5%
Mortgage payment: $332/mo
Down payment: $17,500
Loan amount: $52,500
Annual NOI: $5,255

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