70 NW 77th St # 9, Miami FL 33150 | Miami-Dade County | A11986835
- $123,900
- Stock Cooperative
- 1
- 1
- 1
- 551 Sq Ft
70 NW 77th St # 9, Miami FL 33150 | Miami-Dade County | A11986835
- $123,900
Description
CASH ONLY – Outstanding Investment Opportunity with Approx. 10.9% Net Annual Return! Fully renovated 1-bedroom, 1-bath co-op located in a quiet, gated community in the rapidly growing Little River neighborhood. Ideally situated near Wynwood, the Miami Design District, major highways, and future transit developments. Gross Annual Income: $19,200, HOA: $295/month, Annual Property Taxes: Approx. $2,040, Estimated Net Annual Income: $13,620, Approximate Net Cap Rate/Return: 10.9%, An excellent opportunity for investors seeking immediate cash flow, stable income, and long-term appreciation potential in one of Miami’s emerging neighborhoods.
Property Overview
This 1-bedroom, 1-bathroom co-op in the Prestige Apts Inc building offers a 551-square-foot living area built in 1961. Located at 70 NW 77th St, the property sits in the Little River neighborhood of Miami. It is a stock-cooperative unit available for purchase. The listing describes this property as an income-producing investment. The unit generates $1,536 per month through the Section 8 program with automatic renewal. The estimated gross annual income is $18,432. Financials include a monthly HOA fee of $295 and annual property taxes of $2,040. After these expenses, the estimated net annual income is $12,852, representing an approximate 10.7% annual return. The property is an all-cash sale.
Frequently Asked Questions
What type of property is this and what are the purchase terms?
This is a 1-bedroom, 1-bathroom stock cooperative unit located at 70 NW 77th St # 9 in Miami. The listing is for sale, and the property is available for all-cash purchases only.
What are the financial details and income potential?
The asking price is $120,000. The unit generates approximately $1,536 per month through the Section 8 program. After deducting the monthly HOA fee of $295 and annual property taxes of $2,040, the estimated net annual income is $12,852, representing approximately a 10.7% annual net return.
What are the utility and monthly costs associated with the unit?
The monthly HOA fee is $295. The public description notes annual property taxes of $2,040, which are deducted from the gross income to calculate the net return.
Where is this property located and what are the community features?
The unit is located at 70 NW 77th St # 9, Miami, FL 33150. The property is within the Little River subdivision and is described as a quiet gated community.
Monthly Fees & Carrying Costs
| Association Fee | $295 / month |
| Total Monthly Fees | $295 / month |
- Membership Required: No
- Application Fee: $150 (one-time)
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Address
Open on Google Maps-
Address: 77th St
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City: Miami
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State/county: Miami-Dade County
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Zip/Postal Code: 33150
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Area: PRESTIGE APTS INC CO-OP
Details
Updated on September 12, 2026 at 4:33 pm-
Property ID A11986835
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Price $123,900
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Property Size 551 Sq Ft
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Bedroom 1
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Room 0
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Bathroom 1
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Garage 1
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Year Built 1961
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Type Stock Cooperative
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Property Status Active, Residential
Additional details
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View Other View
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Cooling Wall/Window Unit(s)
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Heating Window/Wall
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Tax Year 2025
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Flooring Ceramic Floor
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Unit Floor 1
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Unit Number 9
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Building PRESTIGE APTS INC
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Garage Spaces 1
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Listing Terms Cash
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Area Prestige Apts Inc Co-op
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Total Stories 2
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Waterfront No
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Association Yes
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Full Bathrooms 1
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Half Bathrooms 0
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Covered Spaces 1
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Style Co-Op 1-4 Stories
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Private Pool No
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Structure Type Co-Op 1-4 Stories, Co-Op
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Association Fee 295
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Parking 1 Space
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Subdivision PRESTIGE APTS INC CO-OP
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Annual Tax 1819
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Year Built Details Resale
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Building Area 551
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Lot Size (Sq Ft) 0
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Flood Zone X
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New Construction No
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Attached Yes
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Bedroom Features Other
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Amenities Laundry
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Restrictions No Daily Rentals
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Construction Concrete Block Construction
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Pets Allowed No
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Association Fee Frequency Monthly
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Association Type Homeowners
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Maintenance Includes Sewer, Water
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Membership Purchase Required No
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