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$123,000

1021 NW 3rd St # 306

1 Bed 1 Full Bath

465 Sq.Ft.

Description

fantastic investment opportunity! apt 1/1 Located on the 3rd floor With its prime location, high cap rate, and low HOA fees. Roof is 3-year-old, it's an appealing option for anyone looking to get into the Miami real estate market. Close to major attractions like Brickell, Downtown Miami, Wynwood, and South Beach. Airbnb and short-term rentals just approved, with a current 18% cap rate. Currently generating $1,800/month through Section 8, offering immediate cash flow. Situated in one of Miami's fastest developing areas. Low HOA/maintenance fees of just $163/month. It's definitely a property that could be worth considering, especially for cash buyers looking for a ready-made income stream and potential for future growth. open house Saturday 02/01/2025 at 10am to 10;30am

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Location

1021 NW 3rd St # 306, Miami, FL 33128

Status

Sold

Features & Amenities

Interior

  • total bedrooms1
  • full bathroom1
  • Flooring Tile
  • APPLIANCES Electric Range, Refrigerator
  • other interior Features Third Floor Entry

Area & Lot

  • Status Sold
  • Living Area465 Sq.Ft.
  • MLS® IDA11711913
  • TypeCondo
  • YEAR BUILT1930
  • NeighborhoodMiami River
  • View DescriptionNone

Exterior

  • STORIES3
  • parkingOn Street
  • HEAT TYPEElectric, Window/Wall
  • AIR CONDITIONINGElectric, Wall/Window Unit(s)
  • HOA AmenitiesNone
  • security FeaturesOther
  • other exterior FeaturesNone

Financial

  • Sales Price$123,000
  • Real Estate Tax $2,270 yearly
  • Maintenance Fee $163 monthly
  • HOA Fees $163 monthly
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Miami River

Just minutes away from Brickell and Downtown Miami, the Miami River is mirroring the growth taking place.

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