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About This Property
Charming 1-bedroom, 1-bathroom apartment located in the heart of Miami. This well-maintained unit offers an excellent opportunity for both investors and end-users. Situated in a highly desirable area, the property provides convenient access to major highways, shopping, dining, and is just minutes from Miami International Airport. The apartment features recent upgrades, including a new air conditioning unit installed less than a year ago, a dehumidifier to effectively control indoor humidity, and a brand-new stove, enhancing comfort and functionality. The property is currently tenant-occupied through the Section 8 program, with a lease in place until December 2026 and an option to renew, offering immediate and stable rental income for investors. The new owner must honor the existing lease agreement. Ideal as an income-producing property or as a future primary residence, this unit is perfectly suited for a single occupant or a couple seeking comfort and convenience in a prime location. Don’t miss this opportunity to own in a sought-after Miami neighborhood with strong rental demand and excellent accessibility.
Property Features
County
Miami-Dade County
Section
2
Area
697
Subdivision
MADRID TERRACE CONDO
Interior
Lobby, First Floor Entry
Cooling
Ceiling Fan(s), Electric
Bedrooms
1
Floors
Ceramic Floor
Full Baths
1
Appliances
Dishwasher, Microwave, Other Equipment/Appliances
Heating
Electric
Style
Garage Spaces
1
Construction/Exterior
Concrete Block Construction
Patio / Deck Description
Open Balcony
Exterior
Open Balcony
Has a Pool
Possession
Funding
Lot Size in Acres
Water
Sewer
Lot Size in Sq. Ft.
0
Has Waterfront
No
Parking Description
1 Space
View
Garden View
Has Garage
Yes
Roof/Attic
Senior Community
No
Other Utilities
Property Type
Residential
Pets
No
Property SubType 2
Condominium
Tax Year
2025
Year Built
1973
Tax Amount
$1993
APN
NA
Square Feet Source
NA
Map
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