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2
Bedrooms
2
Bathrooms
979 sqft
Interior
1989
Year built
$380 / mo
HOA
Condominium
Type
About this home
LOOKING FOR A STRONG INVESTMENT OPPORTUNITY WITH LOW CARRYING COSTS IN SOUTH FLORIDA? This is the LOWEST HOA IN THE AREA at only $380.15/month TOTAL and it hasn't increased since 2008! Rare find at Biscayne Beach Club: a bright 2-bed/2-bath CORNER UNIT on the GROUND FLOOR in a 2-STORY building. The property is currently TENANT OCCUPIED, making it a great opportunity for investors looking to add an income-producing property to their portfolio. NO RENTAL RESTRICTIONS, NO assessments, no strict high-rise inspections, and the building isn't subject to the state's high-rise reserve mandates. Maintenance includes water/sewer, exterior, landscaping, roof, and trash, offering an incredible value compared to many South Florida condos. Updated with GRANITE COUNTERS, updated kitchen, full-size washer/dryer, and all-tile floors throughout. Spacious owner's suite plus a comfortable guest bedroom, tons of natural light, and a screened porch. ROOF REPLACED 2022, community repainted every 5 years, NEW GATE SYSTEM upgrade coming soon. Community is ALL AGES and pet-friendly, with ample parking right in the heart of the Hammocks, close to shopping and dining. CASH ONLY. A great opportunity for investors looking for a tenant-occupied property with low HOA costs and strong long-term potential. Don't miss this one, opportunities like this don't last!
Features
- First Floor Entry
- Walk-In Closet(s)
- Utility Room/Laundry
- Other View
- None
Leasing
- Minimum lease
- 365 days
- Leases permitted per year
- 1
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.