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Condominium
$140,000$119 / sqft
Miami, FL, 33169
Listed
2
Bedrooms
2
Bathrooms
1,175 sqft
Interior
1972
Year built
$917 / mo
HOA
Condominium
Type
About this home
Come visit today! PET-FRIENDLY, INVESTOR-FRIENDLY COMMUNITY WITH NO RENTAL RESTRICTIONS! Discover Montecarlo, a gated community in North Miami that has been beautifully restored and revitalized. Surrounded by many new luxury communities, this centrally located neighborhood offers easy access to major highways connecting Miami-Dade and Broward Counties, while being just a short drive from the beach.Residents enjoy fantastic amenities, including a refreshing swimming pool, a modern fitness center, tennis courts, beautifully maintained indoor and outdoor common areas around the clubhouse, and 24-hour security for added peace of mind. This bright and spacious condo is move-in ready and features a unique oversized primary bedroom with a large walk-in closet. The unit offers abundant natural light, generous storage space, and the convenience of an in-unit washer and dryer. The building has been recently painted and restored, with new roofs that give the community a fresh, clean, and attractive appearance. Highlights: • No rental restrictions • No pet weight restrictions • Two assigned parking spaces, with the option to rent a third space through the HOA for only $40/month • Association has full reserves • Excellent opportunity for first-time homebuyers and investors. FHA and VA financing may be available—please verify with your preferred lender.
Features
- Elevator
- Walk-In Closet(s)
- Other
- Open Balcony
- Tennis Court(s)
- Garden View
- Skyline
Leasing
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 across Miami-Dade, from 200 active listings; the middle half ask $2,300–$5,500.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.