Cash-only investor opportunity in North Miami. This residential condominium at 1090 NE 129th St # 205, North Miami FL 33161 is located in Arch Creek Landing Condo, a highly investor-friendly community in Miami-Dade County. Built in 1971, this bright corner unit offers 583 square feet with one bedroom, one bathroom, second-floor entry, tile flooring throughout, and an open balcony with an other view.
The unit is currently occupied by a tenant on a month-to-month lease paying $1,200 per month, providing immediate rental income from day one. Financing is not available because of the building’s high percentage of rental ownership, making this a cash-only purchase. Recent updates include the central air conditioning system and water heater. The kitchen includes an electric range and refrigerator.
Arch Creek Landing Condo Unit 205 includes one garage space and one covered attached carport, with additional parking spaces available. The community offers common-area laundry, security camera monitoring, and reserves. The monthly association fee is $408. Please note that pets are not allowed.
Located west of US1, this property offers convenient access to major highways, shopping, dining, schools, and daily conveniences. North Miami combines a relaxed coastal lifestyle with easy access to Miami’s famous beaches, warm year-round weather, vibrant nightlife, cultural attractions, parks, and excellent transportation connections throughout South Florida. North Miami Middle School is also nearby.
Whether you are seeking a stable cash-flowing asset or a value-add investment with future rental upside, this opportunity deserves a closer look. Contact us by phone or WhatsApp at +1 786.468.4380 for more information or to schedule a showing.
