Description

Back on the Market CASH ONLY — Attention Investors!!! 9% cap rate. This well-maintained, pet-friendly 1-bed, 1-bath condo features a private balcony with views of the Miami downtown skyline. Located in the heart of Miami, it offers an excellent investment opportunity with a Section 8 tenant in place, paying current market rent. The building has assigned parking, remote-controlled gate access, and a washer/dryer on every floor. This condo is conveniently located next to the elevator, just minutes from downtown Miami’s dining, shopping, and entertainment. A fantastic opportunity for investors!
Showings only with accepted offer*** It is the responsibility of the buyer’s agent to verify all information and conduct due diligence***
TEXT LA for faster response!

Address

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Address: 1st St
City: Miami
State/county: Miami-Dade County
Zip/Postal Code: 33130
Area: RIOPLAZA CONDOMINIUM SOUT

Details

Updated on December 13, 2025 at 1:04 am

Property ID A11789786
Price $195,000
Property Size 605 Square Feet
Bedroom 1
Bathroom 1
Garage 1
Year Built 1988
Type Condominium
Property Status Residential

Additional details

AssociationAmenities None
AssociationFee 210
AssociationFeeFrequency Monthly
BathroomsFull 1
BathroomsHalf 0
BuildingAreaTotal 605
BuildingAreaUnits Square Feet
BuildingName RioPlaza
CarportSpaces 1
ConstructionMaterials Concrete Block Construction
ContractStatusChangeDate 2025-04-25
Cooling Central Air
CoveredSpaces 2
DaysOnMarket 202
DirectionFaces North
Electric Circuit Breakers
EntryLevel 6
ExpirationDate 2026-06-30
Fencing Fenced
Flooring Ceramic Floor
Furnished Unfurnished
Heating Electric
InternetAddressDisplayYN 1
InternetAutomatedValuationDisplayYN 1
InternetConsumerCommentYN 1
InternetEntireListingDisplayYN 1
LaundryFeatures Common Area
ListAOR A-Miami Association of REALTORS
ListAgentDirectPhone 786-564-9683
ListingTerms Cash
LotSizeSquareFeet 0
MLSAreaMajor Rioplaza Condominium Sout
MajorChangeTimestamp December 12, 2025 at 09:52pm
MajorChangeType Price Decrease
MlsStatus Active
ModificationTimestamp December 12, 2025 at 10:31pm
OnMarketDate 2025-04-25
OriginalEntryTimestamp April 25, 2025 at 04:34pm
OriginalListPrice 220000
OriginatingSystemID miamire
OriginatingSystemKey miamire
OriginatingSystemName Miami Association of REALTORS®
OtherEquipment Automatic Garage Door Opener, Elevator
OtherExpense 0
ParcelNumber 01-41-38-068-0530
ParkingFeatures 1 Space
PetsAllowed Restrictions Or Possible Restrictions
PhotosChangeTimestamp April 25, 2025 at 04:36pm
PhotosCount 14
Possession Funding
PostalCodePlus4 1388
PreviousListPrice 215000
PriceChangeTimestamp December 12, 2025 at 09:52pm
PublicSurveyRange 41
PublicSurveySection 38
PublicSurveyTownship 41
RoomsTotal 0
SecurityFeatures Fire Sprinklers, Fire Alarm, Smoke Detector, Complex Fenced, Secured Garage/Parking
ShowingInstructions See Broker Remarks
SourceSystemKey 410495747
StateOrProvince FL
StatusChangeTimestamp November 29, 2025 at 05:15am
StoriesTotal 6
StreetDirPrefix SW
StreetName 1st St
StreetNumber 546
StreetNumberNumeric 546
StructureType Condo 5+ Stories, Condo
SyndicationRemarks Back on the Market CASH ONLY --- Attention Investors!!! 9% cap rate. This well-maintained, pet-friendly 1-bed, 1-bath condo features a private balcony with views of the Miami downtown skyline. Located in the heart of Miami, it offers an excellent investment opportunity with a Section 8 tenant in place, paying current market rent. The building has assigned parking, remote-controlled gate access, and a washer/dryer on every floor. This condo is conveniently located next to the elevator, just minutes from downtown Miami's dining, shopping, and entertainment. A fantastic opportunity for investors! Showings only with accepted offer*** It is the responsibility of the buyer’s agent to verify all information and conduct due diligence*** TEXT LA for faster response!
TaxAnnualAmount 2415
TaxLegalDescription RIOPLAZA CONDOMINIUM SOUTH UNIT 611 UNDIV .01339 INT IN COMMON ELEMENTS OFF REC 13859-290 OR 13940-2876 1288 1
TaxYear 2024
UnitNumber 611
View Skyline
YearBuiltDetails Effective Year Built