Basic Information
- MLS # A11976259
- Type Condominiums
- Subdivision/Complex River Lofts Condo
- Year Built 1930
- Total Sqft 465
- Date Listed 03/04/2026
- Days on Market 10
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.
Amenities
- None
Exterior Features
- Waterfront No
- Parking Spaces 0
- Pool No
- Parking Description On Street
- Exterior Features None
Interior Features
- Adjusted Sqft 465Sq.Ft
- Interior Features Bedroom On Main Level, First Floor Entry
- Sqft 465 Sq.Ft
Property Features
- Aprox. Lot Size 465
- Furnished Info No
- Short Sale Regular Sale
- HOA Fees $204
- Subdivision Complex River Lofts Condominium
- Subdivision Info River Lofts Condo
- Tax Amount $2,127
- Tax Year 2025
1021 NW 3rd St #306
Miami, FL 33128Similar Properties For Sale
The multiple listing information is provided by the Miami Association of Realtors® from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2023-present Miami Association of Realtors®. All Rights Reserved. The information provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Listing courtesy of: Xcellence Realty. tel: 866-595-6025
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