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Rick Teed

richardbteed@gmail.com +1(415) 518-9115

$ 142,500

Est. payment | -/mo

1 Bed

1 Bath

583 SqFt

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$ 142,500

Est. payment | -/mo

Save

1 Bed

1 Bath

583 SqFt

Key Details

Property Type Condo

Sub Type Condominium

Listing Status Active

Purchase Type For Sale

Square Footage 583 sqft

Price per Sqft $244

Subdivision Arch Creek Landing Condo

MLS Listing ID A12038674

Bedrooms 1

Full Baths 1

HOA Fees $408/mo

HOA Y/N Yes

Min Days of Lease 365

Leases Per Year 1

Year Built 1971

Annual Tax Amount $3,182

Tax Year 2024

Property Sub-Type Condominium

Property Description

CASH ONLY – INVESTOR SPECIAL! Excellent income-producing opportunity in a highly investor-friendly building. Due to the high percentage of rental ownership, financing is not available, making this a cash-only purchase. The unit is currently tenant-occupied on a month-to-month lease paying $1,200/month, providing immediate rental income from day one while offering flexibility for future rent increases or occupancy plans. This bright and spacious 1-bedroom, 1-bath corner unit features abundant natural light, a private balcony, tile flooring throughout, and recently updated A/C and water heater, helping minimize future maintenance expenses. The well-maintained building offers reserves, covered parking, on-site laundry facilities, and security camera monitoring. Located in a high-demand rental market with convenient access to major highways, shopping, dining, and everyday conveniences. Low HOA fees enhance overall returns and make this an attractive addition to any investment portfolio. Whether you're looking for a stable cash-flowing asset or a value-add investment with upside potential, this property presents an outstanding opportunity. With immediate income in place and room to optimize rents, investors can capitalize on both current returns and future appreciation.

Location

State FL

County Miami-dade

Community Arch Creek Landing Condo

Area 22

Interior

Interior Features Second Floor Entry, Other

Heating Central

Cooling Central Air

Flooring Ceramic Tile

Appliance Electric Range, Refrigerator

Exterior

Exterior Feature Balcony

Garage Spaces 1.0

Carport Spaces 1

Amenities Available Elevator(s)

View Other

Porch Balcony, Open

Garage Yes

Private Pool Yes

Building

Structure Type Other

Schools

Middle Schools North Miami

Others

Pets Allowed No

HOA Fee Include Association Management,Laundry,Parking

Senior Community No

Restrictions OK To Lease

Tax ID 06-22-29-106-0130

Security Features Other

Acceptable Financing Cash

Listing Terms Cash

Special Listing Condition Listed As-Is

Pets Allowed No

Miami Association of Realtors (SEFMIAMI MLS)

Listed by Real Broker LLC

1090 NE 129th St #205 North Miami, FL 33161

Rick Teed

Key Details

Location

Interior

Exterior

Building

Schools

Others

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1090 NE 129th St #205