1 Bed
1 Bath
465 SqFt
1 Bed
1 Bath
465 SqFt
Key Details
Property Type Condo
Sub Type Condominium
Listing Status Pending
Purchase Type For Sale
Square Footage 465 sqft
Price per Sqft $214
Subdivision River Lofts Condo
MLS Listing ID A11976259
Style None
Bedrooms 1
Full Baths 1
HOA Fees $204/mo
HOA Y/N Yes
Min Days of Lease 1
Leases Per Year 365
Year Built 1930
Annual Tax Amount $2,127
Tax Year 2025
Contingent No Contingencies
Property Sub-Type Condominium
Property Description
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.
Location
State FL
County Miami-dade
Community River Lofts Condo
Area 41
Interior
Interior Features Bedroom on Main Level, First Floor Entry
Heating Electric
Cooling Electric
Flooring Laminate
Appliance Electric Water Heater
Exterior
Exterior Feature None
Amenities Available None
View Other
Garage No
Private Pool Yes
Building
Architectural Style None
Structure Type Block
Others
Pets Allowed Size Limit, Yes
HOA Fee Include Hot Water,Trash
Senior Community No
Restrictions No Restrictions,OK To Lease
Tax ID 01-41-02-082-0180
Security Features Complex Fenced
Acceptable Financing Cash, Other
Listing Terms Cash, Other
Special Listing Condition Listed As-Is
Pets Allowed Size Limit, Yes
Schools and Properties Nearby
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