Investment Deals Currently Available In Miami

miami investment properties

For any type of purchase, no matter how big or small, everyone wants to walk away knowing they’ve made a solid investment. In the real estate world, a solid investment for some could be buying a property with mesmerizing views of the ocean. For others it means living in an unbeatable location. Lastly, a select few may be lucky enough to have a combination of these two and more.

But in today’s post, a solid investment takes a much more entrepreneurial approach. To begin, it all comes down to the request I get from most investors when I first speak to them:

“Marcelo, find me a property that gets me the most return possible”

I may not write about it as often but that doesn’t mean I don’t do them. I’ve been seeing more and more investors ask me questions about certain listings and where to find good investment returns. As usual, in traditional Miami Observer fashion, I thought it’d be best to just write about it. Below you will find a list of some units I found in the area with really good returns. Please note that the numbers provided below are estimates and the numbers will vary based on how much it ends up renting for. The expenses being used are insurance, property taxes and association fees (if applicable). So for all of you out there that have been looking for a unit and have not yet found something, here you go 🙂

Investment Property #1: 1228 Pennsylvania Ave

Studio | 400 SF | $159,495 | Estimated Return: 7.7% at Listed Price

 

This beautiful studio is located in a very well maintained building in the heart of South Beach. The unit is being sold fully furnished, features an updated kitchen, renovated bathrooms, impact windows and ceramic tile flooring throughout. The location is amazing, just moments away from Lincoln Road, the beach, shopping, parks and more.

The numbers, however, are what make it a good investment opportunity: Maintenance is $245/month and it last rented for $1500/month. Listing courtesy of One Sotheby’s International Realty.

Investment Property #2: 133 NE 2nd Ave #508

1/1 | 735 SF | $150,000 | Estimated Return: 8.3% at Listed Price

 

Loft II continues to be a very popular building in the Downtown Miami area due to its generous amenities and close proximity to local hubs such as Miami Dade College and Bayfront Park. This listing, which seems to be turnkey from the pictures, came on the market yesterday and it’s currently one of the least expensive units in its zip code. At $204/SF, which is way below market value in my opinion, I doubt it will last on the market for long. Listing courtesy of JF Residential LLC.

Be sure to look at the rooftop pool whenever you see the building 🙂

Investment Property #3: 7333 Gary Ave

1/1 | 668 SF | $145,000 | Estimated Return: 7.8% – 9.9% at Listed Price

 

While North Beach may not get the popularity and glamour of South Beach, it does provide amazing opportunities for investors and locals looking to get more for their money. This unit,  located on Gary Ave, is arguably one of the best I’ve seen lately based on its numbers. For starters, it’s a fairly spacious one bedroom for Miami Beach standards (668 SF), it’s only $217/SF, has one assigned parking spot, central A/C, tankless water heater and lastly, it comes renovated. Listing courtesy of Weichert Realtors. The return varies based on the fact that it can be rented seasonally and also furnished. 

For additional information on all three listings please click on the link here. Information deemed reliable but not guaranteed. As per report, all three units may be rented immediately upon closing. Please contact me for a complete breakdown on each property’s return.

Last but not least, our message to you. We are dedicated to providing the best information about Miami Real Estate. Call us today at 305-305-3885 or send us a message here if you’re interested in buying or selling in the area. Our local knowledge of the market, combined with our experience will enable us to provide you with the best possible results.

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