1
Bedrooms
1
Bathrooms
697
Living Area
1973
Year Built
Charming 1-bedroom, 1-bathroom apartment located in the heart of Miami. This well-maintained unit offers an excellent opportunity for both investors and end-users. Situated in a highly desirable area, the property provides convenient access to major highways, shopping, dining, and is just minutes from Miami International Airport. The apartment features recent upgrades, including a new air conditioning unit installed less than a year ago, a dehumidifier to effectively control indoor humidity, and a brand-new stove, enhancing comfort and functionality. The property is currently tenant-occupied through the Section 8 program, with a lease in place until December 2026 and an option to renew, offering immediate and stable rental income for investors. The new owner must honor the existing lease agreement. Ideal as an income-producing property or as a future primary residence, this unit is perfectly suited for a single occupant or a couple seeking comfort and convenience in a prime location. Don’t miss this opportunity to own in a sought-after Miami neighborhood with strong rental demand and excellent accessibility.
Bedrooms
1
Bathrooms
1
Living Area
697 sqft
Heating
Electric
Cooling
Ceiling Fan(s), Electric
Interior Features
Lobby, First Floor Entry
Exterior Features
Open Balcony
Garage Spaces
1
Parking Details
1 Space
Property Type
Condominium
MLS#
496980093
Year Built
1973
Area
Madrid Terrace Condo
Days on Market
10
Listing courtesy of Great Miami Realty Group, LLC
Listing information is deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Data last updated 6/11/2026. Listing provided courtesy of the Miami Association of REALTORS® MLS. The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange (IDX) program of the MIAMI Association of REALTORS®.