Investor alert! This fully remodeled condo in North Miami presents an exceptional turnkey investment opportunity, boasting a long-term tenant in place at a market rent of $2, 400 per month and a solid 6.2% cap rate. Featuring modern finishes, Fully occupied with impact windows, an in-unit washer and dryer, and dedicated parking, this property offers both tenant appeal and financial stability. With a built-in 10% reserve for added peace of mind, this meticulously updated unit is ready to generate immediate returns. Don't miss out on adding this high-performing asset to your portfolio!
Property Features
Bedrooms
Bathrooms
- Total Bathrooms: 1
- Full Bathrooms: 1
Interior Features
- BuiltInFeatures
- BedroomOnMainLevel
- ClosetCabinetry
- EatInKitchen
- HandicapAccess
- KitchenIsland
- LivingDiningRoom
- WalkInClosets
- Elevator
- Flooring: Vinyl
- Window Features: ImpactGlass
Appliances
- Dryer
- Dishwasher
- ElectricRange
- ElectricWaterHeater
- Disposal
- Microwave
- Refrigerator
- TrashCompactor
Heating and Cooling
- Cooling Features: CentralAir
- Heating Features: Electric
- Heating: Yes
Exterior and Lot Features
Garage and Parking
- Covered Spaces: 1
- Garage Spaces: 1
- Parking Features: OneSpace, OnStreet, GarageDoorOpener
Homeowners Association
- Association: Yes
- Association Amenities: Elevators
- Association Fee: 367
- Association Fee Frequency: Monthly
- Association Fee Includes: CommonAreas, ReserveFund
- Calculated Total Monthly Association Fees: 367
- Pets Allowed: Conditional, Yes
Other Property Info
- Annual Tax Amount: 3425
- Source Listing Status: Active
- County: Miami-Dade
- Tax Year: 2024
- Source Property Type: Residential
- Property Subtype: condo
- Source Neighborhood: BISCAYNE POINT CONDO
- Parcel Number: 06-22-29-107-0040
- Postal City: North Miami
- Postal Code Plus 4: 5844
- Subdivision: BISCAYNE POINT CONDO
- Property Subtype: Condominium
- Source System Name: C2C
Building and Construction
- Total Square Feet Living: 709
- Year Built: 1972
- Building Area Total: 709
- Construction Materials: Block
- Entry Level: 1
- Entry Location: 1
- Property Age: 53
- Property Attached: Yes
- Property Condition: UpdatedRemodeled
- Building Total Stories: 4
- Year Built Details: Effective Year Built
Home Features
- Security Features: ElevatorSecured, KeyCardEntry, LobbySecured
