Cays Realty
121 NE 5th St 1012A, Miami, FL 33132 — MLS photo

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121 NE 5th St 1012A, Miami, FL 33132

Active · Condominium

$450,000

121 NE 5th St 1012A, Miami, FL 33132

Beds
0
Baths
1
Living area
343 sq ft
$ / sq ft
$1,312/sq ft
Year built
2025
Lot size
—
HOA fee
$563 Monthly
Annual tax
$0

About this property

Beautiful studio with balcony in the brand new 501 First Residences in Downtown Miami. Fully furnished and move-in ready, just bring your toothbrush! No rental restriction-Airbnb allowed. Amazing amenities, fitness facilities, social and co-working areas, and proximity to Miami World Center, Brightline. Don't miss the opportunity to live in the heart of Miami, where everyone wants to be. Restaurants, coffee places, Apple Store, everything you need is nearby. You can use it as a second home or short term rental, it's the perfect combination. It's not a condo-hotel. Don't miss it!!!

Property location

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121 NE 5th St 1012A, Miami, FL 33132

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Facts & features

Interior

Bedrooms
0
Bathrooms
1
Living area
343 sq ft
Flooring
Ceramic Tile
Appliances
Dryer, Dishwasher, Electric Range, Disposal, Ice Maker, Microwave, Trash Compactor, Washer
Cooling
Central Air
Heating
Central
Interior features
Bedroom On Main Level, First Floor Entry
Furnished
Furnished

Exterior & Structure

Property type
Condominium
Year built
2025
Stories
40
Architectural style
High Rise
Construction
CBSConcrete Block Structure, Block
Exterior features
Balcony, Security High Impact Doors
Pool
Association
View
Bay, Skyline

Parking

Garage spaces
0
Covered spaces
0
Parking features
Valet

HOA, Community & Financials

Association fee
$563 Monthly
Fee inclusions
Amenities, Common Areas, Internet, Maintenance Structure, Pools, Sewer, Security, Water
Amenities
Business Center, Cabana, Fitness Center, Barbecue, Picnic Area, Playground, Pool, Spa Hot Tub, Storage, Elevators
Security
Door Man, Elevator Secured, Lobby Secured, Smoke Detectors
Pets allowed
No, Yes
Annual tax
$0
Subdivision
501 First Residences
County
Miami-Dade
Days on market
134
MLS listing ID
A12031342
Listing status
Active

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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

-$1,289

Cap rate
2.3%
Net yield
2.3%
Cash-on-cash return
-12.3%
Gross yield
4.9%
Mortgage payment
$2,133/mo
Down payment
$112,500
Loan amount
$337,500
Annual NOI
$10,128

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