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$295,999was $320,000

18061 Biscayne Blvd #601

2 bd · 2 ba · 1,565 sq ft

Asking price cut 7.5% on October 12, from $320,000.

159 days on marketCondominiumWaterfront

Listing courtesy of Nova Realty Group, Inc.. 305-441-8001

From the MLS

Bedrooms
2
Bathrooms
2
Living area
1,565 sq ft
Asking per square foot
$189
Year built
1971
Association fee
$1,621 monthly
ZIP code
33160
MLS number
A12010620

What the listing says

Spacious 2-bedroom, 2-bathroom apartment featuring a beautiful view and currently rented at $2,225/month to a long-term tenant on a month-to-month basis. The unit offers a newer A/C system (approximately 1 year old). Please note there is no washer and dryer inside the unit. HOA IS $1283.82 plus monthly assessment $338.11= $1621.93. it can be rented twice a year after living in property for 12 months.Current By-laws limit leasing to 30%. When the limit is reached, a waiting list is maintained. The building has Structural reserves and capital reserves. This is a FIRPTA transaction, as the owner is an international investor. There is an existing assessment, which will be paid by the buyer—option to pay immediately or defer until 2040.

Description supplied by Nova Realty Group, Inc..

Before you offer on this one

The asking price is the easy part. What decides a Miami condo purchase sits in the association’s budget, its reserve study, the last twelve months of board minutes and the milestone inspection — and in whether the declaration permits what you intend to do with it.

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