RioPlaza, 546 SW 1 St #611, Miami, FL 33130

220,000(-2.27% )
1Beds
1Baths
605SqFt

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Details

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Status:
Active
Parking: 1
Size: 605 SqFt (56 m2)
Price: $355/SqFt ($3,825/m2)
Type: Condo
Built: 1988
HOA: $210/MO
MLS Number: A11789786
View: City
On Site: 107 Days
Updated: 30 Days ago
Page Views: 0
Back on the market cash only --- attention investors!!! 8% 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***
Features
Bedrooms
  • Bedrooms: 1
Bathrooms
  • Bathrooms: 1
  • Half Bathrooms: No info
Exterior and Lot Features
  • Exterior Features: Fence
  • View: City
Interior, Heating and Cooling
  • Interior Features: BedroomOnMainLevel, FirstFloorEntry, Elevator
  • Equipment / Appliances: ElectricRange, Refrigerator
  • Heating Description: Electric
  • Cooling Description: CentralAir
Building and Construction
  • Floor Description: CeramicTile
  • Year Built: 1988
  • Year Built Description: Effective Year Built
  • Style: Other
Waterfront and Water Access
  • Waterfront Frontage: No info
School Information
    Other Property Info
    • Garage: 1
    • Listing Date: 2025-04-25T12:34:17.000-00:00
    • Directions: North
    • Pets Allowed: Conditional,Yes
    Taxes, Fees & More
    • Maintenance Includes: AssociationManagement, Laundry, MaintenanceGrounds, MaintenanceStructure, Sewer, Trash, Water
    • Taxes: 2415
    • Security Information: ComplexFenced, SecuredGarageParking, FireSprinklerSystem, SmokeDetectors
    • Parking Description: OneSpace, GarageDoorOpener
    • Total Floors in Building: 6

    Price History

    05/29/2025

    Date

    Price Reduced

    Event

    $215K

    Price

    -2.27%

    Change Rate

    $355 ft2 / $3,825 m2

    Price Per

    04/23/2025

    Date

    Listed

    Event

    $220K

    Price

    $364 ft2 / $3,914 m2

    Price Per

    Price per square foot and days on website are not provided values and are calculated by Subdivisions.

    Listed by Erick Eskelsen • Luxe Properties • Buyer Agency Compensation .

    Instant Comps

    $200/ft²
    $200/ft²
    $400/ft²
    $500/ft²

    Unit #611 – Asking

    $355/ft²

    (+7%) from Closed Medium $/ft²

    Closed Medium $/ft²

    $333/ft²
    Community $/Price Range (Closed) $306/ft² – $341/ft²
    No Comparable Units Found: We couldn't locate comparable properties at this time. Contact us for a FREE, no-obligation Comparative Market Analysis (CMA) from a licensed RE advisor.
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