Description
Located in the El Cid Condominium at 5201 NW 7th St, this ground-floor unit presents a strong opportunity for investors seeking immediate and stable rental income. The property is currently tenant-occupied with long-term tenants in place, providing consistent cash flow from day one. Situated in a central Miami location, the building offers convenient access to major highways, Miami International Airport, Downtown Miami, and Coral Gables, contributing to strong and ongoing rental demand. El Cid is a residential condominium community featuring amenities such as a pool, elevator access, secured entry, and assigned parking. The unit's ground-floor location adds convenience and accessibility, which is appealing to tenants and supports long-term occupancy. With a proven rental history in the building and consistent demand in the area, this property is an excellent addition to an investor portfolio in a central and well-connected Miami location.
Details
| MLS # | A12007568 |
|---|---|
| Listing Type | For Sale |
| Style | Condominium |
| HOA Dues | $350 |
| Sub-Type | Resale |
| Status | Active |
| Year | 1972 |
| Days On Site | 134 |
| Listing Provided By | True North Real Estate Florida LLC | Reyson Yee |
Features
| Bed(s) | 1 |
|---|---|
| Bath(s) | 1 Total |
| SQ Feet | 756 |
| Pool | Yes |
| Story(s) | 1 |
| Property View | Other |
Parking
| Garage Yes / No | No |
|---|---|
| Parking Features | One Space |
Taxes
| Tax Annual Amount | 3324 |
|---|
Area Information
| State | FL |
|---|---|
| County | Miami Dade |
| City | Miami |
| Zip Code | 33126 |
| Area | 31 |
| Community Name | EL CID CONDO |
| Listing VS Median (in EL CID CONDO) | |
Price: $182,000 low | high Med: $1,900 sqft: 756 low | high Med: 756 $ / sqft: $241 low | high Med: $3 On site: 134 low | high Med: 51 | |
Market Activity 33126
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Learn More About This Property
| State | FL |
|---|---|
| County | Miami Dade |
| City | Miami |
| Zip Code | 33126 |
| Area | 31 |
| Community Name | EL CID CONDO |
| Listing VS Median (in EL CID CONDO) | |
Price: $182,000 low | high Med: $1,900 sqft: 756 low | high Med: 756 $ / sqft: $241 low | high Med: $3 On site: 134 low | high Med: 51 | |
