MAGNIFICENT RENOVATED APARTMENT WITH IMMEDIATE RENTAL INCOME AND PAID IMPROVEMENTS IN GREYNOLDS PARK CLUB
17890 W Dixie Hwy 501 #501, North Miami Beach, FL, North Miami Beach, FL, 33160, US
CondoStatus: active
$300,000
Estimated annual taxes: $3,500
2 Bedrooms
2 Bathrooms
1,213 ft² · 113 m²
1 Garages
About this property
Invest with complete confidence and immediate cash flow at 17890 W Dixie Hwy 501 #501, a stunning fully remodeled apartment of 1213 ft² located in the sought-after Greynolds Park Club in North Miami Beach. With an attractive market price of $300,000, this 2-bedroom, 2-bathroom residence stands out as a premium real estate asset for investors due to its active tenant until June 2027 (with a rent of $2,250 per month) and a special assessment of over $60,000 fully paid by the seller for building renovations. Equipped with a modern kitchen, new finishes, assigned parking, and a comfortable private balcony, this home in a gated community with a pool combines structural solidity with unbeatable connectivity to Aventura Mall and FIU in Miami-Dade County.
Technical details & MLS (USA)
Year built: 1979
Stories: 1
Lot size: 0 ft²
Zoning: Residential / Medium Density Urban Condominium (Greynolds Park Club Condo)
MLS area: 21
Special notes: GREYNOLDS PARK CLUB CONDO
Environment
Nearby schools
- ElementaryOjus
- MiddleHighland Oaks
Neighborhood features
WaterfrontNo
ViewYes
Location on Google Maps
Open in MapsDetails & Features
Financial information
Annual taxes:$3,500
HOA fee:$690 (Mensual)
Additional features
-Fully Renovated and Turnkey Property: Meticulously updated apartment featuring a modern kitchen, completely new bathrooms, and optimized lighting throughout. -Excellent Opportunity for Investors: Comes with an active lease contract with a tenant until June 2027 generating stable monthly rent of $2,250, ensuring immediate income from the day of purchase. -Fully Paid Extraordinary Assessment: The current owner has fully covered over $60,000 in special assessment fees, exempting the future buyer from this historical cost. -Ongoing Restoration and Structural Appreciation: The building is completing significant modernization works including comprehensive concrete restoration, general facade painting, and total balcony renovation. -Comfortable Layout and Private Balcony: Offers a spacious interior design of 1213 ft² complemented by a comfortable private outdoor balcony ideal for enjoying the excellent weather of South Florida. -Security and Prime Location: Strategically located in a gated community with controlled access in North Miami Beach, just minutes from Aventura Mall, the North Campus of FIU, beaches, shopping centers, and highways. -Functional Kitchen Equipment: Delivered with essential appliances in optimal condition, including a dishwasher, electric stove, microwave, and refrigerator. -High Durability Perimeter Structure: Highly resistant structure with optimal thermal and acoustic insulation built with concrete block (BLOCK) in its exterior enclosures. -Association Services and Infrastructure: Full access to the association's pool and coverage of basic services such as perimeter security, public sewer, garbage collection, and centralized potable water supply.