Active · Condominium
$199,000
7516 NE 1st Ave 203, Miami, FL 33138
- Beds
- 2
- Baths
- 2
- Living area
- 940 sq ft
- $ / sq ft
- $212/sq ft
- Year built
- 2007
- Lot size
- —
- HOA fee
- $560 Monthly
- Annual tax
- $272
About this property
Excellent 2 BR / 2 BA condo in La Terrasse, kept in pristine condition by its original owners since 2007. This 2nd-floor corner-style feel unit offers 940 SqFt of living space, in a private gated community with laundry inside unit, balcony, lots of storage spaces, walk in closet, high ceilings, updated kitchens and baths, corner unit with 1 assigned parking space. Situated in one of Miami's most exciting growing neighborhoods, you are just minutes away from the trendy Little River Warehouse District—a vibrant hotspot for foodies and creatives packed with new restaurants and design studios. Great opportunity for primary buyers or investors looking for rapid appreciation. No rental restrictions. Short term rentals allowed. Please see attached condo docs
Interior & exterior features
Appliances
- Electric Range
- Refrigerator
- Washer
Cooling
- Central Air
- Ceiling Fans
Heating
- Electric
Views
- Garden
Parking
- One Space
Interior features
- Bedroom On Main Level
- Second Floor Entry
- Other
- Tub Shower
- Walk In Closets
Exterior features
- Balcony
- Fence
Flooring
- Tile
construction
- Block
security
- Complex Fenced
association_amenities
- None
association_fee_includes
- Common Areas
- Insurance
- Maintenance Grounds
- Maintenance Structure
- Parking
- Reserve Fund
- Roof
- Sewer
- Trash
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
$373
- Cap rate
- 7.9%
- Net yield
- 7.9%
- Cash-on-cash return
- 8.0%
- Gross yield
- 13.5%
- Mortgage payment
- $943/mo
- Down payment
- $49,750
- Loan amount
- $149,250
- Annual NOI
- $15,796
Estimates only — includes 5% maintenance reserve and ~3% closing costs in cash invested. Verify taxes, HOA and insurance before making an offer.