Welcome to The Elser Hotel and Residences Miami, where luxury meets investment potential. This 1-bedroom, 1-bathroom unit is priced to sell at $649,000, offering the best value in the building.
As an owner, you can take advantage of the professionally managed short-term rental program, allowing daily rentals to maximize your returns. ?
Enjoy access to world-class amenities, including a resort-style pool, state-of-the-art fitness center, and co-working spaces. Located in the heart of Downtown Miami, you’re steps away from premier dining, entertainment, and cultural attractions. Don’t miss this exceptional opportunity to own a piece of Miami’s vibrant lifestyle.
Amenities
Business Center
Clubhouse
Elevators
Fitness Center
Pool
Interior Features
Built In Features
Bedroom On Main Level
Closet Cabinetry
Bar
Exterior Features
Balcony
Security High Impact Doors
Property Tax Information
Tax Amount: $10,978
Tax Year: 2024
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Principal & Interest
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Property Taxes
This tax is a percentage of a home’s assessed value and
varies by area. Homeowners pay this tax annually, semi-annually, or as part of a
monthly mortgage payment.
HOA Fees
Fees paid by homeowners within a shared complex to pay
for building repairs and operation costs. HOA fees are typically paid monthly or
quarterly.
Homeowners Insurance Homeowners insurance covers
losses and damages to your
home, property, personal belongings, and other assets in your home. The policy
also provides liability coverage against accidents in the home or on the
property. When applying for a mortgage, the applicant is usually required to
provide proof of insurance on the property before the financial institution will
approve the loan.
Private Mortgage Insurance (PMI) Borrowers with a down payment of less than 20% may be
required to purchase mortgage insurance. Mortgage insurance protects the
mortgage lender against loss if a borrower defaults on their loan. Typically,
mortgage insurance rates range from 0.2%–2% of the loan amount per year. Your
actual rate may vary.
Downtown Miami 398 NE 5th St #1902 has 1 Beds , 1 Bathrooms , and 430 square feet. The asking price for this property is $649000, or $1509 per square feet.
1 Beds
1 Baths
