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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
- Sold For: $95,000
- HOA FEE: $204/month
- Taxes: $2,127 (2025)
- Status: Closed
- Type: Condo
- Source: Greater_Miami
- MLS ID: A11976259
- Added to Site: 92 day(s) ago
Interior
- Interior Features: First Floor Entry
- Appliances: Electric Water Heater
- Furnished: Yes
- Furnishings: Furnished
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
- Potential Use: Investment
Financial Considerations
- Price Per Sq. Ft.: $204.3
- 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
Sold by Horizon Homes Realty Corp
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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 ATTOM Data Solutions 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
4/30/2026
Sold
$95,000
-4.9%
MLS
3/04/2026
Listed
$99,900
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
1021 NW 3rd St #306, Miami, FL 33128 (MLS# A11976259) is a Condo property that was sold at $95,000 on April 30, 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.

