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Property Description
INVESTMENT WITH 17.4% NET RETURN - $99,000 - ALL CASH ONLY Unique opportunity at River Lofts Condo, Miami 33128. Income-producing investment offering an approximate 17.4% net annual return in Miami. Gross Annual Income: $21,792 After deducting HOA fees ($204/month) and property taxes ($2,127/year), the estimated net annual income is $17,217, representing approximately a 17.4% annual net return. 1 Bedroom / 1 Bathroom condo located on the third floor at River Lofts Condo, Miami 33128. For only $99,000, this 1/1 unit generates $1,816 per month through the Section 8 program with automatic renewal, providing stable and consistent government-backed income from day one. The unit features tile flooring, strong natural light, and a city-facing window. Kitchen equipped with electric range and refrigerator. Street parking available. Strategically located minutes from Brickell, Downtown Miami, Wynwood, and South Beach - in one of Miami's fastest-growing and developing areas. The seller needs to relocate out of the country and is motivated to sell. This is a genuine opportunity to purchase at a competitive price. Properties under $100K in Miami delivering this level of return do not last on the market. Serious investors - submit your offer promptly. Ideal for investors seeking immediate cash flow and long-term stability. If you're looking for a property that produces income from day one, this is your opportunity.
Full Property Details
Full Property Details for 1021 NW 3rd St #306
General
- Price: $99,900
- HOA FEE: $204/month
- Taxes: $2,127 (2025)
- Status: Active
- Type: Condo
- Source: Greater_Miami
- MLS ID: A11976259
- Updated: 3/4/2026
- Added to Site: 1 day(s) ago
Interior
- Interior Features: First Floor Entry
- Appliances: Electric Water Heater
Rooms
Bathrooms
- Total Bathrooms: 1
- Full Bathrooms: 1
Bedrooms
- Total Bedrooms: 1
- Bedroom Features: At Least 1 Bedroom Ground Level, Entry Level
Additional Information
- Shared Amenities: None
- Maint. Includes: Hot Water, Trash Removal
- Security/Safety: Complex Fenced
Exterior
- Exterior Features: None
Parking
- Parking Features: On Street
Location
- Area: River Lofts Condo
- County: Miami-Dade County
- Subdivision: RIVER LOFTS CONDO
- Building Name: River Lofts Condominium
Community
- Community Name: River Lofts Condo
- Association: Yes
- Pets Allowed: Yes
Heating & Cooling
- Air Conditioning: Yes
- Cooling Type: Electric
- Heating Type: Electric
Structural Information
- Structure Type: Condo 1-4 Stories, Condo
- Detached/Attached: Attached
- Construction: Concrete Block Construction
- Entry Floor Number: 3
- Building Size: 465
- Square Feet: 465
- Living Area: 465 Sq. Ft.
- Year Built: 1930
Lot Features
- Property View: Other View
Financial Considerations
- Price Per Sq. Ft.: $214.84
- Association Fee: $204
- Assoc Fee Freq.: Monthly
- Tax Amount: $2,127
- Tax Year: 2025
- Terms: All Cash
Disclosures and Reports
- Legal Description: RIVER LOFTS CONDO UNIT 306 UNDIV 3.904% INT INC COMMON ELEMENTS OFF REC 25960-2600 COC 26068-1636 11 2007 1
- Restrictions: No Restrictions, Ok To Lease
- Property ID: 01-41-02-082-0180
Listed by Xcellence Realty
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Schools
Schools serving 1021 NW 3rd St #306
School District:Dade County School District
| Name | Grades | Distance |
|---|---|---|
Riverside Elementary Community School 1190 Southwest 2nd Street, Miami, FL 33130 | PK-5 | 0.4 mi |
Jose De Diego Middle School 3100 Northwest 5th Avenue, Miami, FL 33127 | 6-8 | 2.1 mi |
Booker T. Washington Senior High School 1200 Northwest 6th Avenue, Miami, FL 33136 | 9-12 | 0.8 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 1021 NW 3rd St #306
Date
Details
Price
Change
Source
3/04/2026
Listed
$99,900
-18.78%
MLS
2/25/2025
Sold
$123,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 1021 NW 3rd St #306
Year
Property Taxes
Change
Tax Assessment
Change
2025
$2,265
—
$113,300
—
2024
$2,270
7%
$113,300
10%
2023
$2,117
25%
$103,000
29%
2021
$1,700
—
$80,000
-3%
2022
$1,699
—
$82,400
-2%
2021
$1,700
3%
$84,222
14%
2019
$1,654
17%
$74,115
10%
2018
$1,411
20%
$67,378
—
2017
$1,172
20%
$67,378
50%
2016
$980
3%
$44,919
5%
2015
$951
47%
$42,780
50%
2014
$647
15%
$28,520
15%
2013
$562
—
$24,800
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 1021 NW 3rd St #306
1021 NW 3rd St #306, Miami, FL 33128 (MLS# A11976259) is a Condo property with 1 bedroom and 1 full bathroom. 1021 NW 3rd St #306 is currently listed for $99,900 and was received on March 04, 2026. Want to learn more about 1021 NW 3rd St #306? Do you have questions about finding other Condo real estate for sale in Allapattah? You can browse all Allapattah real estate or contact a Coldwell Banker agent to request more information.

