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For sale
Residential income properties
FL
Miami
33157
16805 SW 113 AVENUE V41443

Miami Condo in 55+ Community

16805 SW 113 AVENUE V41443 Miami, FL 33157

16805 SW 113 AVENUE V41443, Miami, FL, 33157

$214,900

For Sale

$214,900

One-bedroom condo with resort-style amenities in Miami, Florida.

Property Size935 SF

Price / SF$229.84

AddedJan 22, 2025

Days on Market540

Last RefreshJul 16 at 3:40 am

Property Features for 16805 SW 113 AVENUE V41443

General Information

Standard status: Active
Size: 935 SF
Property subtype: Condo/Townhome

Building Details

Year Built: 1970

Listing office TRUST HOME REALTY LLC

Listing date Jan 22, 2025

Source Exitrealty

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

All listing content including descriptions, pricing, images are the copyrighted material of TRUST HOME REALTY LLC

Investment Insights

Based on property information with market context.

This one-bedroom, one-bathroom condo is located in a Miami 55+ community. The property features 935 square feet of living area with a combination of laminated wood, tile, and carpet flooring. A washer and dryer are located inside the condo. The community provides resort-style amenities, including a heated pool, tennis court, and a fitness center located in the Clubhouse. Scheduled activities such as Bingo and movie nights are offered throughout the year. The location provides convenient access to highways, Florida Turnpike, Metro Zoo, The Falls Mall, restaurants, and hospitals. The property is suitable as an investment or for downsizing. Please note that one of the buyers must be 55 or older to purchase.

Key Highlights

Enjoy resort‑style living with a heated pool, tennis court, and fitness center.
Conveniently located near highways, Florida Turnpike, Metro Zoo, The Falls Mall, and restaurants.
Benefit from the convenience of an in‑unit washer and dryer.

Local Financial Insights For Apartment 5plus

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$33.0k	$35.28
− Vacancy	−$1.6k	−$1.76
EGI	$31.3k	$33.52
− OpEx	−$14.1k	−$15.08
NOI	$17.2k	$18.43

935 SF · lease $35.28/SF/yr · vacancy 5.00% · expense 45.00%

Alternative Uses

Best Use

Apartment 5plus

$246.2K

$215.5K – $287.3K (±1% cap)

NOI $17,236 @ 7.0% cap · market cap 8.02%

Second Best

—

no second resolved use

Theoretical Best

Office A

$474.4K

$415.1K – $553.4K (±1% cap)

NOI $33,206 @ 7.0% cap · market cap 15.45%

Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

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For sale
Residential income properties
FL
Miami
33157
16805 SW 113 AVENUE V41443

What type of property is this?

Residential income property - One-bedroom condo with resort-style amenities in Miami, Florida.

Where is this residential income property located?

The property is located at 16805 SW 113 AVENUE V41443 Miami, FL.

What is the asking price?

The asking price for this property is $214,900.

What are key features of this property?

This property features: Enjoy resort‑style living with a **heated pool, tennis court, and fitness center.**; Conveniently located near highways, Florida Turnpike, Metro Zoo, The Falls Mall, and restaurants.; Benefit from the convenience of an in‑unit washer and dryer.