541 NE 199th Ln 2X, Miami, FL 33179 — MLS photo

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541 NE 199th Ln 2X, Miami, FL 33179

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.