Interior
- Bedrooms
- 2
- Bathrooms
- 2
- Living area
- 1,565 sq ft
Active · Condominium
$295,999
18061 Biscayne Blvd 601, Aventura, FL 33160
- Beds
- 2
- Baths
- 2
- Living area
- 1,565 sq ft
- $ / sq ft
- $189/sq ft
- Year built
- 1971
- Lot size
- —
- HOA fee
- $1,621
- Annual tax
- —
About this property
Spacious 2-bedroom, 2-bathroom apartment featuring a beautiful view and currently rented at $2,225/month to a long-term tenant on a month-to-month basis. The unit offers a newer A/C system (approximately 1 year old). Please note there is no washer and dryer inside the unit. HOA IS $1283.82 plus monthly assessment $338.11= $1621.93. it can be rented twice a year after living in property for 12 months.Current By-laws limit leasing to 30%. When the limit is reached, a waiting list is maintained. The building has Structural reserves and capital reserves. This is a FIRPTA transaction, as the owner is an international investor. There is an existing assessment, which will be paid by the buyer—option to pay immediately or defer until 2040.
Property location
Get Directions18061 Biscayne Blvd 601, Aventura, FL 33160
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Facts & features
Exterior & Structure
- Property type
- Condominium
- Year built
- 1971
Parking
Not provided in the MLS listing.
HOA, Community & Financials
- Association fee
- $1,621
- County
- Miami-Dade
- MLS listing ID
- A12010620
- 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
-$398
- Cap rate
- 4.1%
- Net yield
- 4.1%
- Cash-on-cash return
- -5.8%
- Gross yield
- 14.7%
- Mortgage payment
- $1,403/mo
- Down payment
- $74,000
- Loan amount
- $221,999
- Annual NOI
- $12,067
Estimates only — includes 5% maintenance reserve and ~3% closing costs in cash invested. Verify taxes, HOA and insurance before making an offer.