488 NW 165th St Rd B-512, Miami, FL 33169 — MLS photo

Active · Condominium

$185,000

488 NW 165th St Rd B-512, Miami, FL 33169

Beds: 3
Baths: 2
Living area: 1,175 sq ft
$ / sq ft: $157/sq ft
Year built: 1972
Lot size: —
HOA fee: $917 Monthly
Annual tax: $2,273

About this property

Spacious 2-bedroom, 2-bath unit converted into a 3-bedroom! Best unit in Montecarlo!! Tankless water heater, stainless steel appliances, granite countertops in kitchen and bathrooms. Private balcony overlooking the pool - ideal for relaxing or entertaining. Gated community with 24/7 security. Perfect for investors! Community offers a gym and swimming pool.

Property location

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488 NW 165th St Rd B-512, Miami, FL 33169

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Facts & features

Interior

Bedrooms: 3
Bathrooms: 2
Living area: 1,175 sq ft
Flooring: Parquet
Appliances: Dishwasher, Electric Range, Disposal, Refrigerator
Cooling: Electric
Heating: Central
Interior features: Bedroom On Main Level, Breakfast Area, Elevator, Living Dining Room

Exterior & Structure

Property type: Condominium
Year built: 1972
Stories: 6
Architectural style: Other
Construction: CBSConcrete Block Structure, Block
Exterior features: Balcony, Security High Impact Doors
Pool: Association
View: Pool

Parking

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

HOA, Community & Financials

Association fee: $917 Monthly
Fee inclusions: Common Areas
Amenities: Fitness Center, Pool
Security: Complex Fenced, Security Guard
Pets allowed: Size Limit, Yes
Annual tax: $2,273
Subdivision: MONTECARLO CONDO
County: Miami-Dade
Days on market: 5
MLS listing ID: A12015078
Listing status: Active

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Pre-filled from this listing's price, HOA and tax record. Adjust anything to see returns update instantly.

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Monthly HOA ($)

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Estimated monthly cash flow

$270

Cap rate: 7.4%
Net yield: 7.4%
Cash-on-cash return: 6.3%
Gross yield: 17.0%
Mortgage payment: $877/mo
Down payment: $46,250
Loan amount: $138,750
Annual NOI: $13,767

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