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Property
Beds
1
Full Baths
1
1/2 Baths
None
Year Built
1930
Sq.Footage
465
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.
Features & Amenities
Interior
-
Other Interior Features
Master Downstairs
-
Total Bedrooms
1
-
Bathrooms
1
-
Cooling YN
YES
-
Cooling
Electric
-
Heating YN
YES
-
Heating
Electric
-
Pet friendly
Size Limit, Yes
Exterior
-
Garage
No
-
Construction Materials
Block
-
Other Exterior Features
None
-
Parking
On Street
-
Pool
No
-
Waterfront YN
NO
-
View
Other
Area & Lot
-
Property Type
Residential
-
Property Sub Type
Condominium
-
Architectural Style
None
Price
-
Sales Price
$99,900
-
Tax Amount
$2,127
-
Sq. Footage
465
-
Price/SqFt
$214
HOA
-
Association
Yes
-
Association Fee
$204
-
Association Fee Frequency
Monthly
-
Association Fee Includes
N/A
School District
-
Elementary School
N/A
-
Middle School
N/A
-
High School
N/A
Property Features
-
Stories
3
-
Association Amenities
None, Hot Water
-
Senior Community YN
NO
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Location
County
Miami-Dade
Elementary School
Middle School
High School
Listing Courtesy of Carolina Montoya , Xcellence Realty
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AGENT
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