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$165,000

365 NE 125th St #401

1 bd · 2 ba · 710 sq ft

0 days on marketCondominium

Listing courtesy of Luxe Properties. 305-809-7650

From the MLS

Bedrooms
1
Bathrooms
2
Living area
710 sq ft
Asking per square foot
$232
Year built
1971
Association fee
$242 monthly
ZIP code
33161
MLS number
A12103814

What the listing says

INVESTORS ONLY! this is a really good opportunity to pick up a property with excellent cash flow. It's rented on a year lease for $1750 a month to a great tenant and the monthly hoa is under $250 a month. There are no current assessments. The roof was replaced this year and the elevators were done recently as well. The unit is in great condition and features 1 bedroom and 1.5 bathrooms with a balcony and is quite spacious. The community is located very conveniently on 125th street close to shopping and I-95 and has a pool. The unit comes with 1 parking spot and there is plenty of guest parking available. Association approval is fast and easy. The unit next door just closed for $160k with 30% down financing (that would be the minimum required for a non cash purchase) and appraised over that. there is no washer dryer in unit, but there is a laundry in the building.

Description supplied by Luxe Properties.

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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