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Alex Mendel

alex@mendelgroupfl.com +1(561) 827-8449

$ 220,000

Est. payment -/mo

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New

Address not disclosed Miami, FL 33125

1 Bed

1 Bath

550 SqFt

UPDATED:

Key Details

Property Type Condo

Sub Type Condominium

Listing Status Active

Purchase Type For Sale

Square Footage 550 sqft

Price per Sqft $400

Subdivision Segovia Gardens Condo

MLS Listing ID A12016292

Style Other

Bedrooms 1

Full Baths 1

HOA Fees $351/mo

HOA Y/N Yes

Min Days of Lease 365

Leases Per Year 1

Year Built 1972

Annual Tax Amount $2,023

Tax Year 2025

Property Sub-Type Condominium

Property Description

Rarely availabe, this is a clean, well maintained 12 unit building and easily managed. This unit (and all other units) is always rented & never has been vacant since it was purchased 7 years ago.
Long term (5 years)renter currently paying $1775.00. Never has defaulted or paid late
Tenant has a history of paying 1-2 weeks BEFORE the due date for years , records available
Its as passive and clean returns you can get in RE
Lease was recently renewed & ends June 30, 2027
No special assessments (building is well funded & managed by the BOD)
Updated & remodeled, exactly as pics, new AC & appliances
Tub was repainted last year but paint is flaking due to normal wear and tear.
One reserved parking and 2 visitor parking inside the building
Off street parking is also available just outside the gate.
Owner/realtor also has 3 more units (2/1) for sale in the same building. Buy all 4, become president and assume control of the board. Owner/realtor acting as HOA president recently completed the 40 year certification in Feb 2024. In this period, roofing was done, building painted. cameras installed, sensor controlled LED outdoor lighting new asphalt and many other improvements.
BOD is actively managing and making improvements. No reserve/minimum reserves but HOA is well funded and will soon be making a contribution to the reserve account and get it up to speed.Monthly dues for this unit is $350.92
Property taxes $2023
Do the math and send a clean offer

Location

State FL

County Miami-dade

Community Segovia Gardens Condo

Area 31

Interior

Interior Features Second Floor Entry

Heating Other

Cooling Central Air

Flooring Tile

Furnishings Unfurnished

Window Features Other

Appliance Electric Range

Exterior

Exterior Feature Other

Amenities Available Other

View Y/N No

View None

Garage No

Private Pool Yes

Building

Architectural Style Other

Structure Type Other

Schools

Elementary Schools Comstock

Middle Schools Brownsville

High Schools Miami Jackson

Others

Pets Allowed Dogs OK, Yes

HOA Fee Include Trash,Water

Senior Community No

Restrictions Okay to Lease 1st Year,OK To Lease

Tax ID 01-31-34-097-0090

Ownership Limited Partnership

Acceptable Financing Conventional, Other

Listing Terms Conventional, Other

Pets Allowed Dogs OK, Yes

Virtual Tour https://www.propertypanorama.com/instaview/mia/A12016292

Miami Association of Realtors (SEFMIAMI MLS)

Listed by Florida Realty of Miami Corp

Alex Mendel

Agent

+1(561) 827-8449

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Alex Mendel

Address not disclosed Miami, FL 33125

Key Details

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