1601 Bay Rd, Miami Beach, Florida |
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$469,000
3 Beds 2 Baths
1601 Bay Rd UNIT 4 |
              
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| REMARKS: Yes it really has 3 bedrooms plus Den and the maintenance fee is only $300 per month. Being sold with a tenant paying $3,300 per month until July 2019. Tenant wants to stay another year at same price. These numbers result in an estimated (not guaranteed) ROI return on investment CAP rate of between 5% and 6% (assuming no mortgage). Building has already done significant repairs and renovations and SELLER will pay any outstanding assessment. Unit was renovated a few years ago with all new everything including hurricane windows, marble floors and granite kitchen. 1 Block from Lincoln Road and very close to the best beaches in South Beach. Designated parking spot! Washer/Dryer in the unit, high ceilings, central AC. Pets ok. BEST LOCATION AND ONLY GETTING BETTER! AMENITIES: Concrete Block Stucco, Marble Floors, Pets Allowed, Central Air Conditioning, Electric Heating, Furnished, Clothes Dryer, Clothes Washer, Refrigerator, Dishwasher, Electric Range And Oven, 1 Parking Place, Ocean View, Condo, |
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