Condo in Miami, Florida, 1 bedroom № 2042449

Condo in Miami, Florida, 1 bedroom  № 2042449
ID2042449 $ 99 900
  • EUR €
  • USD $
  • RUB ₽
  • GBP £
2042449

Property description

INVESTMENT WITH 17.4% NET RETURN – $99,000 – ALL CASH ONLY Unique opportunity at River Lofts Condo, Miami 33128. Income-producing investment offering an approximate 17.4% net annual return in Miami. Gross Annual Income: $21,792 After deducting HOA fees ($204/month) and property taxes ($2,127/year), the estimated net annual income is $17,217, representing approximately a 17.4% annual net return. 1 Bedroom / 1 Bathroom condo located on the third floor at River Lofts Condo, Miami 33128. For only $99,000, this 1/1 unit generates $1,816 per month through the Section 8 program with automatic renewal, providing stable and consistent government-backed income from day one.
The unit features tile flooring, strong natural light, and a city-facing window. Kitchen equipped with electric range and refrigerator. Street parking available. Strategically located minutes from Brickell, Downtown Miami, Wynwood, and South Beach — in one of Miami’s fastest-growing and developing areas. The seller needs to relocate out of the country and is motivated to sell. This is a genuine opportunity to purchase at a competitive price. Properties under $100K in Miami delivering this level of return do not last on the market. Serious investors — submit your offer promptly. Ideal for investors seeking immediate cash flow and long-term stability. If you’re looking for a property that produces income from day one, this is your opportunity.
MLS #: A11976259
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CityMiami
Address1021 NW 3rd St # 306, Miami FL 33128
TypeCondominium
Bedrooms1
Living space43.2 m²
  • sq. ft
Completion dateIV quarter, 1930
Parking typeOpen air
Price
  • Price
  • per m²
$ 99 900
  • EUR €
  • USD $
  • RUB ₽
  • GBP £
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