501 SW 1st St 502, Miami, FL 33130 — MLS photo

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501 SW 1st St 502, Miami, FL 33130

Active · Condominium

$335,000

501 SW 1st St 502, Miami, FL 33130

Beds
3
Baths
2
Living area
1,011 sq ft
$ / sq ft
$331/sq ft
Year built
1988
Lot size
—
HOA fee
$477 Monthly
Annual tax
$3,450

About this property

Beautifully renovated 3/2 condo offering a spacious and functional layout in a central Miami location. Move-in ready with convenient access to Brickell, Downtown Miami, Coral Gables, dining, shopping, and major roadways. Ideal for an owner-occupant looking for space and convenience in the heart of Miami. Association requires four (4) years of owner occupancy before the unit may be leased. Easy to show!

Interior & exterior features

Appliances

  • Electric Range
  • Electric Water Heater
  • Ice Maker
  • Microwave
  • Refrigerator

Cooling

  • Central Air

Heating

  • None

Views

  • Other

Parking

  • One Space

Interior features

  • Other
  • Pantry
  • Bar
  • Elevator

Exterior features

  • Balcony
  • None

Flooring

  • Laminate

construction

  • Block

security

  • Closed Circuit Cameras
  • Intercom
  • Fire Sprinkler System
  • Smoke Detectors

association_amenities

  • Laundry
  • Elevators

association_fee_includes

  • Association Management
  • Common Areas
  • Parking
  • Sewer
  • 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

-$81

Cap rate
5.4%
Net yield
5.4%
Cash-on-cash return
-1.0%
Gross yield
9.8%
Mortgage payment
$1,588/mo
Down payment
$83,750
Loan amount
$251,250
Annual NOI
$18,084

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