1021 3rd St, Miami, FL, 33128
1021 3rd St, Miami, FL, 33128Basics
- Date added: Added 2 days ago
- Category: Condominium
- Type: Residential
- Status: Active
- Bedrooms: 1
- Bathrooms: 1
- Half baths: 0
- Total rooms: 0
- Square Foot: 465 sq ft
- Lot size, sq ft: 0 sq ft
- SubdivisionName: RIVER LOFTS CONDO
- ListOfficeName: Xcellence Realty
- GarageSpaces: 0
- View: Other View
- UnitNumber: 306
- ListAOR: Miami Association of REALTORS®
- EntryLevel: 3
- MLS ID: A11976259
Description
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Description:
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.
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Location
- CountyOrParish: Miami-Dade County
Building Details
- Cooling features: Electric
- Year built: 1930
- NewConstructionYN: No
- Building Name: River Lofts Condominium
- Heating: Electric
- Exterior material: Concrete Block Construction
- Parking: On-street
Amenities & Features
- Features:
- Security Features: Complex Fenced
- Amenities:
- ExteriorFeatures: None
- Waterfront available: No
- GarageYN: No
- AttachedGarageYN: No
- CoolingYN: Yes
- PoolPrivateYN: No
- FireplaceYN: No
