Main

1021 NW 3rd St

Miami, FL 33128

$99,900
Active
1 Beds 1 Baths 465 Sq Ft
Est. Payment: $518/mo
20% down • 30-yr fixed @ 6.75%Customize
Property Details & Specifications
Property Type

Condominium

Bedrooms

1

Bathrooms

1

Living Area

465 sqft

Year Built

1930

Garage

0 spaces

Price/Sqft

$215

MLS #

A11976259

Construction

Concrete Block Construction

Roof

Flooring

Appliances

Electric Water Heater

About This Home

INVESTMENT WITH 17.4% NET RETURN – $99,000 – ALL CASH ONLY

Unique opportunity at River Lofts Condo, Miami 33128.

Income-producing investment offering an approximate 17.4% net annual return in Miami.

Gross Annual Income: $21,792
After deducting HOA fees ($204/month) and property taxes ($2,127/year), the estimated net annual income is $17,217, representing approximately a 17.4% annual net return.

1 Bedroom / 1 Bathroom condo located on the third floor at River Lofts Condo, Miami 33128.

For only $99,000, this 1/1 unit generates $1,816 per month through the Section 8 program with automatic renewal, providing stable and consistent government-backed income from day one.

The unit features tile flooring, strong natural light, and a city-facing window. Kitchen equipped with electric range and refrigerator. Street parking available.

Strategically located minutes from Brickell, Downtown Miami, Wynwood, and South Beach — in one of Miami’s fastest-growing and developing areas.

The seller needs to relocate out of the country and is motivated to sell.
This is a genuine opportunity to purchase at a competitive price.
Properties under $100K in Miami delivering this level of return do not last on the market.
Serious investors — submit your offer promptly.

Ideal for investors seeking immediate cash flow and long-term stability. If you’re looking for a property that produces income from day one, this is your opportunity.

The information displayed on this page is based on data from the MIAMI Association of Realtors® (MIAMIRE) Multiple Listing Service. While deemed reliable, all information including price, square footage, features, and availability should be independently verified. Listings may be subject to errors, omissions, or changes without notice. The Mambuca Group is not a licensed real estate brokerage and displays this data through an authorized IDX data feed. Copyright 2025 MIAMI Association of Realtors®. All rights reserved.

Elite Mortgage & Realtor Partners

Gabriel Demirdjian, Executive Mortgage Broker
Gabriel Demirdjian, Executive Mortgage Broker
Phone: 305-389-5629 Email: gaby@superiormtgexperts.com View Profile
Elsy Mantecon, Senior Mortgage Lender
Elsy Mantecon, Senior Mortgage Lender
Phone: 305-815-9814 Email: elsymantecon123@gmail.com View Profile
Cabinets and Design
Cabinets and Design
Phone: 754-581-2132 Email: sergiocabinets@hotmail.com View Profile
Andres

Andres Mambuca Jr.

Realtor® • Available 7 Days a Week

Call (954) 247-4475
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