398 NE 5th St #2602, Miami, FL 33132

$690,000
  • bed0 Beds
  • baths1 Baths
  • hold430 SQFT
  • hold $1604 /SQFT
  • % Change  
  • Living Area M² 40 m²
  • $ / M² $17,272
  • Maintenance Fee $661
  • Days on Market 107 day(s)
  • Waterfront? No
  • Garage Spaces Yes
  • Pets Allowed? Yes
  • Furnished? No
  • Year Built 2022
  • MLS #
    A11756355
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Property Description

For Sale: Unit 2602 at The Elser in Miami offers a stunning, newly built, income-producing condo-hotel property in the heart of downtown. This fully furnished studio/ 1-bathroom / full kitchen unit boasts breathtaking views of the Miami skyline and Biscayne Bay, with a modern design and top-of-the-line finishes. The Elser provides an ideal investment opportunity with its lucrative condo-hotel rental program, no assessments, and a prime location near world-class dining, shopping, and entertainment. Enjoy resort-style amenities including a rooftop pool, fitness center, and concierge services, all while benefiting from the property’s income potential. Don’t miss out on this exceptional opportunity! Investor savy building!

Amenities

  • Business Center
  • Clubhouse
  • Other
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Interior Features

  • Built In Features
  • Other

Exterior Features

  • Balcony

Property Tax Information

  • Tax Amount: $11,213

  • Tax Year: 2025

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Purchase Price
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monthly payment breakdown

total monthly payment

$4,266.98

  • Principal & Interest The principal is the amount that you borrow from a lender. The interest is the cost of borrowing that money. $ 3,605.98
  • 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.
  • Total monthly payment = $ 4,266.98
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For more information about this property:

Lucas Lechuga, PA

Luxe Living Reality
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305 - 428 - 3860
contact-mail
info@miamicondoinvestments.com
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    A11756355
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Downtown Miami 398 NE 5th St #2602 has 0, 1 Bathrooms , and 430 square feet. The asking price for this property is $690000, or $1604 per square feet.

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