Active · Condominium
$386,000
541 NE 199th Ln 2X, Miami, FL 33179
- Beds
- 2
- Baths
- 2
- Living area
- 2,040 sq ft
- $ / sq ft
- $189/sq ft
- Year built
- 1979
- Lot size
- —
- HOA fee
- $750 Monthly
- Annual tax
- $6,126
About this property
Spacious and unique 2-story townhouse offering an impressive 2,040 sq. ft. of living space in a highly convenient Miami Gardens location. The property is currently tenant occupied at $2,900 per month, with the tenants expressing interest in remaining with the new owner, creating an attractive opportunity for an investor seeking immediate rental income. The home has been converted into an oversized 1-bedroom residence with a spacious den, offering a flexible and open layout with plenty of room to customize. The expansive primary suite features a massive walk-in closet and an exceptionally large primary bathroom. Downstairs you'll find a full bathroom, in-unit washer and dryer connections, a beautiful kitchen, and generous living and entertaining space. The home also includes a private backyard, perfect for relaxing or entertaining. Located within a fully gated community with 24/7 security guard service and community patrol. Residents also enjoy access to the community pool and a welcoming neighborhood atmosphere. Excellent location near numerous schools, shopping, dining, and everyday conveniences, with Publix just down the street and Hard Rock Stadium only minutes away. With its generous square footage, flexible layout, private outdoor space, secure community setting, and existing rental income, this property offers a unique opportunity for both investors and future owner-occupants.
Interior & exterior features
Appliances
- Electric Range
- Electric Water Heater
- Microwave
- Refrigerator
Cooling
- Central Air
Heating
- Central
Views
- None
Parking
- Two Or More Spaces
Interior features
- Bathtub
- Convertible Bedroom
- Dual Sinks
- First Floor Entry
- Jetted Tub
- Sitting Area In Primary
- Separate Shower
- Upper Level Primary
Exterior features
- Privacy Wall
- Storm Security Shutters
Pool
- Association
Flooring
- Tile
- Vinyl
construction
- Block
security
- Security Guard
association_amenities
- Pool
association_fee_includes
- Maintenance Grounds
- Parking
- Pools
- Roof
- Sewer
- Security
- Trash
- Water
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
$945
- Cap rate
- 8.6%
- Net yield
- 8.6%
- Cash-on-cash return
- 10.5%
- Gross yield
- 14.7%
- Mortgage payment
- $1,830/mo
- Down payment
- $96,500
- Loan amount
- $289,500
- Annual NOI
- $33,299
Estimates only — includes 5% maintenance reserve and ~3% closing costs in cash invested. Verify taxes, HOA and insurance before making an offer.