398 NE 5th St # 2219, Miami FL 33132 | Miami-Dade County | A12105265

At The Esler Hotel Residence, this 2022 condo presents a straightforward value proposition in the heart of Miami. With a one-bedroom, one-bath layout spanning 626 square feet, the unit is positioned within a building that reflects the area’s recent development surge. The listing is priced at $850,000, with monthly HOA fees set at $662. The property’s public description highlights an annual gross income potential of $57,000, noting its proximity to newly developed residences, major hotels, and local landmarks. This data points to a specific income stream for a buyer evaluating the asset. The residence sits at 398 NE 5th St # 2219, within the Map of Miami Dade Co. Fl subdivision. The building’s 2022 construction date places it among the newer structures in this rapidly transforming urban hub. For a buyer focused on the financial metrics, the combination of the current price point and the stated income figures offers a clear basis for analysis. To review the specific lease agreements or verify the income figures against actual rental performance, you will need to request those non-public details. Call 305-859-4733 to speak with a broker who can provide the necessary documentation and guide you through the due diligence process for this investment.