Brickell Investor Opportunity: 2 Bedroom Under $500k

From time to time we like to talk about deals that we see that are particularly interesting for one reason or another and this is a very interesting investment deal Brickell condo investments typically see around a 3 return for existing purchases after expenses such as taxes and homeowners fees are subtracted and 2 bedroom properties under $500000 are becoming more and more difficult to find

This listing at the Vue at Brickell is a standout in our book at only $449000 with two parking spaces full renovations and fully furnished The building is located at 1250 S Miami Avenue so is walking distance to practically everything in Brickell the official walk score by walkscorecom is listed as 97 Despite being able to walk almost everywhere this apartment comes with 2 parking spaces rather than the typical single space The building was built in 2005 and was recently renovated offering a new lobby refreshed gym and pool area The condo management is in good standing managing to keep the HOA fees at only $675month which is significantly lower than competing buildings in the neighborhood

Inside the apartment the kitchen and bathrooms have been updated and the apartment is being offered turnkey furnished linens artwork and electronics included The kitchen offers new stainless appliances including a wine cooler as well as quartz countertops and new cabinets Both bathrooms have new vanities countertops sinks and light fixtures The balcony has a wonderful view of the city lights as well as the Biscayne Bay

Considering this apartment were to be rented today an investor could reasonably expect $2800month in income If you reduce the real estate taxes and HOA fees it would leave a return of 45 as soon as the tenant takes place If you or someone you know is interested just reach out and we are happy to set up a tour