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$182,000

5201 NW 7th St #104

1 bd · 1 ba · 756 sq ft

0 days on marketCondominium

Listing courtesy of True North Real Estate Florida LLC. 786-234-9098

From the MLS

Bedrooms
1
Bathrooms
1
Living area
756 sq ft
Asking per square foot
$241
Year built
1972
Association fee
$350 monthly
ZIP code
33126
MLS number
A12090184

What the listing says

Located in the El Cid Condominium at 5201 NW 7th St, this ground-floor unit presents a strong opportunity for investors seeking immediate and stable rental income. The property is currently tenant-occupied with long-term tenants in place, providing consistent cash flow from day one. Situated in a central Miami location, the building offers convenient access to major highways, Miami International Airport, Downtown Miami, and Coral Gables, contributing to strong and ongoing rental demand. El Cid is a residential condominium community featuring amenities such as a pool, elevator access, secured entry, and assigned parking. The unit’s ground-floor location adds convenience and accessibility, which is appealing to tenants and supports long-term occupancy. With a proven rental history in the building and consistent demand in the area, this property is an excellent addition to an investor portfolio in a central and well-connected Miami location.

Description supplied by True North Real Estate Florida LLC.

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.

Stefania represents buyers. She does not hold this listing and has no stake in this one selling over any other, which is the position you want the person reading those documents to be in.

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