999 SW 1st Ave 1611, Miami, FL 33130 — MLS photo

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999 SW 1st Ave 1611, Miami, FL 33130

Active · Condominium

$640,000

999 SW 1st Ave 1611, Miami, FL 33130

Beds
2
Baths
2
Living area
1,097 sq ft
$ / sq ft
$583/sq ft
Year built
2015
Lot size
—
HOA fee
$1,225 Monthly
Annual tax
$8,664

About this property

INVESTOR OPPORTUNITY in the heart of Brickell! Tenant-occupied and currently generating $4,250 per month in rental income. This beautifully furnished 2-bedroom, 2-bath residence offers stunning eastern views of the Miami skyline, Biscayne Bay, and the pool area. The unit features wood-look tile flooring throughout, including the balcony, Italian cabinetry with quartz countertops, window shades, and brand-new custom closets in both bedrooms. One assigned covered parking space is included, with additional parking potentially available through the association for approximately $200 per month. Prime Brickell location just steps from MetroRail, Publix downstairs, Brickell City Centre, restaurants, shopping, and entertainment, with convenient access to the University of Miami and Jackson Memorial Hospital. Excellent opportunity for an investor seeking an already leased, income-producing property in one of Miami’s most desirable urban neighborhoods.

Property location

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999 SW 1st Ave 1611, Miami, FL 33130

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Facts & features

Interior

Bedrooms
2
Bathrooms
2
Living area
1,097 sq ft
Flooring
Tile
Appliances
Dryer, Dishwasher, Electric Range, Electric Water Heater, Disposal, Microwave, Refrigerator, Self Cleaning Oven, Washer
Cooling
Central Air, Electric
Heating
Central, Electric
Interior features
Breakfast Bar, Bedroom On Main Level, Closet Cabinetry, Dual Sinks, First Floor Entry, Living Dining Room, Other, Pantry, Split Bedrooms, Tub Shower, Walk In Closets, Elevator
Furnished
Furnished

Exterior & Structure

Property type
Condominium
Year built
2015
Stories
34
Architectural style
High Rise, Split Level
Construction
Block, Other
Exterior features
Balcony, Fence, Security High Impact Doors
Pool
Association
View
Pool, Skyline

Parking

Garage spaces
2
Covered spaces
2
Parking features
Assigned, Attached, Covered, Garage, One Space, Garage Door Opener

HOA, Community & Financials

Association fee
$1,225 Monthly
Fee inclusions
Association Management, Amenities, Common Areas, Insurance, Maintenance Structure, Pools, Reserve Fund, Roof, Sewer, Security, Trash, Water
Amenities
Billiard Room, Business Center, Cabana, Clubhouse, Fitness Center, Library, Barbecue, Picnic Area, Playground, Pool, Trash, Elevators
Security
Elevator Secured, Secured Garage Parking, Lobby Secured, Fire Sprinkler System, Smoke Detectors
Pets allowed
Size Limit, Yes
Annual tax
$8,664
Subdivision
NINE AT MARY BRICKELL VIL
County
Miami-Dade
Days on market
169
MLS listing ID
A12005509
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

-$1,993

Cap rate
2.0%
Net yield
2.0%
Cash-on-cash return
-13.3%
Gross yield
7.0%
Mortgage payment
$3,034/mo
Down payment
$160,000
Loan amount
$480,000
Annual NOI
$12,494

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