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12590 NE 16th Ave # 512, North Miami FL 33161
About this home
nice remodel. heart of vibrant North Miami—where convenience meets lifestyle. Ideally located near an array of popular restaurants, cafés, and shops, with Whole Foods and Publix just minutes away. Enjoy effortless access to I-95 and US-1, making commuting to Downtown Miami, Aventura, and the beaches quick and easy. Surrounded by parks, fitness centers, and entertainment options, this desirable location offers the perfect balance of urban energy and neighborhood charm. Beautifully remodeled, The community is gated and secure, offering assigned parking, a lovely pool, and on-site laundry. Currently vacant, easy to show. An excellent opportunity for both investors and end users. Call today! There is an assessment that adds $349 per month (Or pay The principal balance is $47,898.26) to the association fee of $963 You can pay it off and have a higher return, but either way it is cash flow positive
Features
- Fire Sprinklers
- Walk-In Closet(s)
- None
- Open Balcony
- Lake
Location
Approximate — shows the building, not the unit. Open in maps (opens in a new tab)
Estimated loan & HOA
Loan payment and HOA only. Property tax and insurance are significant here and are not included.
- Principal & interest
- $405
- HOA
- None
Illustration only — not a loan offer, quote, or commitment. Assumes a 30-year loan at 6.5% with 20% down (rates as of July 2026); your actual terms will differ.
Schedule a tour
Request a private or video tour with a local agent.
Run the numbers
We fill in the price and the building's HOA dues. That leaves rent, tax, insurance and maintenance — they depend on your exemptions, your insurer and the unit, so we don't guess them. Vacancy and the loan terms below start at common defaults; change them.
Enter rent, property tax, insurance, maintenance to see the returns. A cap rate calculated without every cost overstates the deal — often by half — so we don't show a partial one.
Illustration only — not a loan offer, quote, or investment advice. The loan fields start at 20% down over 30 years at 6.5% (rates as of July 2026); that is a nominal rate for illustration, not an APR, and your actual terms will differ. Cap rate is unlevered; cash-on-cash counts the down payment as invested capital and excludes closing costs.
Listing data from the MIAMI Association of REALTORS® (MIAMIRE) IDX program. Information deemed reliable but not guaranteed. Demo data shown for layout purposes.