Miami Condo in 55+
16805 SW 113 AVENUE V41443, Miami, FL 33157
One-bedroom condo with resort-style amenities in Miami, Florida.
Type:Condo/Townhome
Property size:
935 SFPrice / SF:
$229/SF- Added:
- Jan 22, 2025
- Days on Market:
- 494
- Last Refresh:
- May 19 at 11:13 pm
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 agent Rafael Montero License #3302913 (954) 825-6550
Listing office TRUST HOME REALTY LLC (954) 825-6550
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
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.
- Spacious 935 sq ft living area.
- Active 55+ Community with scheduled activities like Bingo and movie nights.
- Explore the investment potential or consider this a great downsizing opportunity.
Overview
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.
Local Financial Insights For Apartment 5plus
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| 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
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
NOI $33,206 @ 7.0% cap · market cap 15.45%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Residential income properties
Location Insight
- Map
- Local Demand
- City
- Miami
- County
- Miami-Dade
- State
- Florida
- Longitude
- -80.374916
- Latitude
- 25.611595
Nearby Similar for Sale
FAQs
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.
