1 Bed
1 Bath
697 SqFt
1 Bed
1 Bath
697 SqFt
Key Details
Property Type Condo
Sub Type Condominium
Listing Status Active
Purchase Type For Sale
Square Footage 697 sqft
Price per Sqft $272
Subdivision Madrid Terrace Condo
MLS Listing ID A12025914
Bedrooms 1
Full Baths 1
HOA Fees $398/mo
HOA Y/N Yes
Min Days of Lease 365
Leases Per Year 1
Year Built 1973
Annual Tax Amount $1,993
Tax Year 2025
Property Sub-Type Condominium
Property Description
The apartment features recent upgrades, including a new air conditioning unit installed less than a year ago, a dehumidifier to effectively control indoor humidity, and a brand-new stove, enhancing comfort and functionality.
The property is currently tenant-occupied through the Section 8 program, with a lease in place until December 2026 and an option to renew, offering immediate and stable rental income for investors. The new owner must honor the existing lease agreement.
Ideal as an income-producing property or as a future primary residence, this unit is perfectly suited for a single occupant or a couple seeking comfort and convenience in a prime location.
Don't miss this opportunity to own in a sought-after Miami neighborhood with strong rental demand and excellent accessibility.
Location
State FL
County Miami-dade
Community Madrid Terrace Condo
Area 40
Interior
Interior Features Bedroom on Main Level, First Floor Entry, Elevator
Heating Electric
Cooling Ceiling Fan(s), Electric
Flooring Ceramic Tile
Appliance Dishwasher, Microwave, Other
Laundry Washer Hookup, Dryer Hookup
Exterior
Exterior Feature Balcony
Garage Spaces 1.0
Pool Association
Amenities Available Pool, Trash
View Garden
Porch Balcony, Open
Garage Yes
Private Pool Yes
Building
Structure Type Block
Schools
Elementary Schools Fairlawn
Middle Schools West Miami
High Schools South Miami
Others
Pets Allowed No
HOA Fee Include Amenities
Senior Community No
Tax ID 01-40-02-028-0230
Security Features Other
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition Listed As-Is
Pets Allowed No
Virtual Tour https://www.propertypanorama.com/instaview/mia/A12025914
Nearby Locations