Sold

1021 NW 3rd St Unit 306, Miami, FL 33128

Bed
1
Bath
1
Sqft
465

View property features, location on map, relevant school information and overview from seller's agent.

Listed byXcellence Realty
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Overview

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.

Location

Full feature list

Basic info

Property type
Condo/Co-op
Number of stories
3
Number of bedrooms
1
Number of bathrooms
1
Square feet
465
Year built
1930

Utilities

Heating
Electric
Cooling
Electric

Estimated monthly costs

HOA Fees
$204

Taxes

Tax Annual Amount (2025)
$2,127

Public schools

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Disclaimer: Certain information displayed on this listing has been derived from parties other than Final Offer, LLC. Information provided and their sources have been deemed reliable, but accuracy of information is not guaranteed and therefore should be independently verified.

Sourced from: MIAMI REALTORS MLS MLS®#: A11976259 Last checked:

Information deemed reliable but not guaranteed. Information is provided, in part, by Greater Miami MLS. This information being provided is for consumer's personal, non-commercial use and may not be used for any other purpose other than to identify prospective properties consumers may be interested in purchasing. This information being provided is for consumer's personal, non-commercial use and may not be used for any other purpose other than to identify prospective properties consumers may be interested in purchasing.