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Waterfront · Condominium
$530,000$504 / sqft
31 SE 5th St # 2408, Miami FL 33131
Listed
2
Bedrooms
2
Bathrooms
1,051 sqft
Interior
2006
Year built
$1,208 / mo
HOA
Condominium
Type
About this home
Lowest-priced 2BD/2BA currently available in the building! Spacious 2BD/2BA residence at 31 SE 5th St, Unit 2408, offering 1,051 SF with a desirable split-bedroom floor plan and wood laminate flooring throughout. This bright and well-maintained unit features a private kitchen, open-concept living and dining areas, and abundant natural light. Ideally located directly across from Brickell City Centre in the heart of Brickell, with easy access to the Metromover, world-class dining, shopping, and entertainment. Includes one assigned parking space and access to resort-style amenities, including a fitness center, pool, and outdoor recreational areas. Tenant occupied, making it an attractive opportunity for investors or future end users. Showings by appointment only with 24 hours' notice, Monday through Friday.
Features
- First Floor Entry
- River
- Skyline
Leasing
- Minimum lease
- 90 days
- Leases permitted per year
- 4
- Ok To Lease
Leasing terms as stated in the MLS listing, not verified by us. The association’s governing documents control what is actually permitted and can change — confirm before you buy.
Location
Approximate — shows the building, not the unit. Open in maps
Run the numbers
We fill in the price and the building's HOA dues. That leaves tax, insurance and maintenance — they depend on your exemptions, your insurer and the unit, so we don't guess them. Rent starts from what comparable units are asking nearby. Vacancy and the loan terms below start at common defaults; change them.
Median asking rent for 2-bed rentals in Brickell, from 200 active listings; the middle half ask $4,000–$6,200.That is what landlords ask, not what units let for — edit it if you know better.
Our default, not a market figure
From the listing
Depends on assessed value & exemptions
Varies widely by building
Repairs, turnover, management
Cap rate
Cash-on-cash
Monthly cash flow
Net operating income
Enter 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. We are not a lender and neither offer nor arrange financing. 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.