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Active Condominium
$142,500

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

1 Beds
Bedrooms
1 Baths
Bathrooms
583 sqft
Living Area
1971
Year Built

About This Property

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

Property Type Condominium
Days on Market 22 days
HOA Fee $408/mo
Parking — spaces
Pool No
Waterfront No
Community ARCH CREEK LANDING CONDO
Pets Allowed No

Assigned Schools

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School Grades Address Report Card
Bryan, W. J. Elementary
Elementary 305-891-0602
PK-5
1201 NE 125 St., North Miami, FL 33161
North Miami Middle
Middle 305-891-5611
6-8
700 NE 137 St., North Miami, FL 33161
North Miami Senior High
High School 305-891-6590
9-12
13110 NE 8 Ave., North Miami, FL 33161

Source: County GIS attendance zone boundaries. Assignments are based on property location and may change. Use Miami-Dade County Public Schools's official locator to confirm.

Location

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D
Dayron Crespo
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