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1090 NE 129th St # 205, North Miami FL 33161

Condo/Co-op For Sale
$142,500

BTC: 2.23845429

ETH: 80.96590909

New
1 bds
1 ba
583 sqft

Overview

CASH ONLY – INVESTOR SPECIAL! Excellent income-producing opportunity in a highly investor-friendly building. Due to the high percentage of rental ownership, financing is not available, making this a cash-only purchase. The unit is currently tenant-occupied on a month-to-month lease paying $1,200/month, providing immediate rental income from day one while offering flexibility for future rent increases or occupancy plans. This bright and spacious 1-bedroom, 1-bath corner unit features abundant natural light, a private balcony, tile flooring throughout, and recently updated A/C and water heater, helping minimize future maintenance expenses. The well-maintained building offers reserves, covered parking, on-site laundry facilities, and security camera monitoring. Located in a high-demand rental market with convenient access to major highways, shopping, dining, and everyday conveniences. Low HOA fees enhance overall returns and make this an attractive addition to any investment portfolio. Whether you're looking for a stable cash-flowing asset or a value-add investment with upside potential, this property presents an outstanding opportunity. With immediate income in place and room to optimize rents, investors can capitalize on both current returns and future appreciation.

Location

Details

Type:
Residential
Parking:
Attached Carport / 1 Space / Additional Spaces Available / Covered
Year Built:
1971
Lot:
No Data
Heating:
Central
Price/sqft:
$244
Cooling:
Central Air
HOA:
$408

Valuation

Our model vs. what's actually selling nearby.
Estimate
$180,000
$129K – $265K
Confidence Low
List vs. estimate
$37K below estimate
List $142,500 · -20.8%
Our model says this listing is priced below recent comparable activity. Expect competition.
Price per sq ft
$244
-4.4% vs. city median $255
Based on
441 MLS comparables
+ 30 public-records sales within 0.5 mi
Median actual sale: $559K
Median of recent comparable listings. Sold comps use closing price, active listings use list price.

Highlights

Annual tax
$3,182
2024
HOA
$408/mo
View
Other View
Garage
1 car garage
Pets
Not allowed
All facts and features
  • Flooring

    • Ceramic Floor

    Heating

    • Central

    Cooling

    • Central Air

    Appliances

    • Electric Range

    • Refrigerator

    Other interior features

    • Second Floor Entry

    Bedrooms and bathrooms

    • Bedrooms: 1

    • Full bathrooms: 1

  • Parking

    • Attached Carport

    • 1 Space

    • Additional Spaces Available

    • Covered

    Property

    • Exterior Features: West Of Us1 / Open Balcony

    Other Property Information

    • Parcel Number: 06-22-29-106-0130

  • Type and style

    • Property Type: Residential

    • Property Sub Type: Condominium

  • Other financial information

    • HOA: $408

    • HOA Frequency: Monthly

    • Annual tax amount: $3,182

  • Source details

    • MLS ID: A12038674

    Other facts

    • Construction Materials: Other

    • Laundry Features: Common Area

    • Patio And Porch Features: Open Balcony

    • Architectural Style: Corner Unit

    • Garage Spaces: 1

    • Garage: Yes

    • Living Area: 583

    • Subdivision Name: ARCH CREEK LANDING CONDO

Private inquiry
Talk to the advisor on this listing.
Floor plans, HOA docs, off-market comparables, scheduling a private showing — one message, direct to the local specialist.

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Market around this address

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The multiple listing information is provided by the Miami Association of REALTORS® from a copyrighted compilation of listings. The compilation of listings and each individual listing are ©2026-present Miami Association of REALTORS®. All Rights Reserved. The information provided is for consumers' personal, noncommercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All properties are subject to prior sale or withdrawal. All information provided is deemed reliable but is not guaranteed accurate, and should be independently verified. Listing courtesy of: Real Broker LLC