1090 NE 129th St # 205, North Miami FL 33161

For sale Days on market 22

Arch Creek Landing Condo [ Condominium ]

$142,500

$244/sq ft

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Overview

Bedroom

Bath

Year Built

1971

Garage

Sqft

583

Property Type

Condominium

Property Description

CASH ONLY – INVESTOR SPECIAL! Excellent income-producing opportunity in a highly investor-friendly building. Due to the high percentage of rental ownership, financing is not available, making this a cash-only purchase. The unit is currently tenant-occupied on a month-to-month lease paying $1,200/month, providing immediate rental income from day one while offering flexibility for future rent increases or occupancy plans. This bright and spacious 1-bedroom, 1-bath corner unit features abundant natural light, a private balcony, tile flooring throughout, and recently updated A/C and water heater, helping minimize future maintenance expenses. The well-maintained building offers reserves, covered parking, on-site laundry facilities, and security camera monitoring. Located in a high-demand rental market with convenient access to major highways, shopping, dining, and everyday conveniences. Low HOA fees enhance overall returns and make this an attractive addition to any investment portfolio. Whether you're looking for a stable cash-flowing asset or a value-add investment with upside potential, this property presents an outstanding opportunity. With immediate income in place and room to optimize rents, investors can capitalize on both current returns and future appreciation.

Property Details

MLS#

A12038674

Garage

Unit Floor

Total Floor in Bldg

Building

Arch Creek Landing Condo

Address

1090 129th St NE

City

North Miami

State/county

Zip/Postal Code

33161

Area

Arch Creek Landing Condo

Country

United States

HOA

Yes

Assoc Fee

$408

Assoc Fee Pd

Monthly

Tax Amount

$3,182

Maint Fee

$--

Tax Year

2024

Electric Range

Refrigerator

Other View

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