Furnished 1 Bedroom Condo at 500 Brickell with a Great Return!

February 27, 2013

Here is a unit that is perfect for  a value-conscious investor looking to purchase a condo in Brickell.  It is a beautifully remodeled 1 bedroom/1 bathroom condo at 500 Brickell with dark, wide-plank hardwood floors throughout, window treatments, light fixtures and a custom kitchen backsplash.  The 738 square foot unit has stainless steel appliances, a stacked washer/dryer, two closets and a south-facing balcony which spans the entire length of the condo.  The bathroom features a Jacuzzi tub and separate glass-enclosed shower.  The unit is being sold fully furnished and already has a tenant in place until September 24, 2013.  The tenant is paying $2,200 per month.  The condo association fees are $494 per month.  The current owner paid $2,607 in property taxes in 2012 which included a $25,000 Homestead exemption but it is important to note that the property taxes for a new buyer will be based on the newly assessed value determined by the city and whether the new buyer qualifies for any exemptions.  Best of all, the asking price is just $349,000.  If you find a better return on a condo in Brickell, then jump on it.

500 Brickell is walking distance to the shops, restaurants and bars at Mary Brickell Village and just a few short blocks from the upcoming $1.05B mixed-use development known as Brickell Citycentre.  The fabulous amenities at 500 Brickell  include: two swimming pools (one is a rooftop pool facing Biscayne Bay) two club rooms, a fitness center, 12-person theater, steam room, sauna, concierge and 24-hour valet parking.  The development also has ground-floor retail which includes a number of popular restaurants and bars.

If you or someone you know has an interest in purchasing this fully furnished condo at 500 Brickell, please give me a call at 786-247-6332 or email me at [email protected].  Feel free to contact me with any questions as well.