Charming 1-bedroom, 1-bathroom apartment located in the heart of Miami. This well-maintained unit offers an excellent opportunity for both investors and end-users. Situated in a highly desirable area, the property provides convenient access to major highways, shopping, dining, and is just minutes from Miami International Airport.
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.
Property Details
- Interior
- Lobby, First Floor Entry
- Cooling
- 1
- Heating
- Electric
- Cooling Features
- Ceiling Fan(s), Electric
- Bedrooms
- 1
- Bathrooms
- 1.0
- Full Baths
- 1
- View
- Garden View
- Stories
- 4
- Exterior Features
- Open Balcony
- Exterior Materials
- Open Balcony
- Square Feet
- 697
- Parking Features
- 1 Space
- Parking
- 1
- Parking Spaces
- 1
- Parking Type
- Garage
- Parking Garage Spaces
- 1
- Property Type
- Purchase
- Year Built
- 1973
- Appliances
- Dishwasher, Microwave, Other Equipment/Appliances
- Subdivision
- MADRID TERRACE CONDO
- Elementary School
- Fairlawn
- Middle School
- West Miami
- High School
- South Miami
- County
- Miami-Dade County
- Region
- Miami
- Original List Price
- $289,500
- Taxes Annual
- $1,993
- HOA
- 1
- HOA Fees
- 398
Location
Legal
MIAMI ASSOCIATION OF REALTORS® All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of the Multiple Listing Service. Real estate listings held by brokerage firms other than Marjo Realty Co. may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS.
Provided By
Listed by Manuel Sanchez (#3281721)
Listing Office: Great Miami Realty Group, LLC (#GMGR01)
