$142,500

For sale

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

1 beds1 baths583 sq ftBuilt 1971MLS# A12038674

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About this property

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.

Features

  • Garage

Property details

Property type
Condo
Year built
1971
Living area
583 sq ft
Price per sq ft
$244
HOA fee
$408/mo
Property taxes
$3,182/yr
Parking
1 spaces
Floors in building
3
Building / community
Arch Creek Landing Condo
Status
For sale
MLS #
A12038674

Listing courtesy of Real Broker LLC.

Location

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