Condo in 546 SW 1st St 611 Miami for sale with MLS# A11789786
Back on the Market CASH ONLY --- Attention Investors!!! 9% cap rate. This well-maintained, pet-friendly 1-bed, 1-bath condo features a private balcony with views of the Miami downtown skyline. Located in the heart of Miami, it offers an excellent investment opportunity with a Section 8 tenant in place, paying current market rent. The building has assigned parking, remote-controlled gate access, and a washer/dryer on every floor. This condo is conveniently located next to the elevator, just minutes from downtown Miami's dining, shopping, and entertainment. A fantastic opportunity for investors! Showings only with accepted offer*** It is the responsibility of the buyer's agent to verify all information and conduct due diligence*** TEXT LA for faster response!
546 SW 1st St 611, Miami, FL 33130
Price
- Price:
- $195,000.00
- Previous Asking Price:
- $215,000.00
- Original List Price:
- $220,000.00
- More Listings Same Building:
- Rioplaza South in 546 1st St Miami
Property Status and Type
- Listing Type:
- For Sale
- Status:
- Active Under Contract (An offer has been accepted, considering Backup Offers)
- Contingency:
- Pending Inspections
- Listing Category:
- Residential
- Property Type:
- Condominium
- MLS Number:
- A11789786
- Description of Last Important Update:
- Active Under Contract (An offer has been accepted, considering Backup Offers)
- Last Major Update on:
- April 13, 2026 8:31 pm
Rooms Distribution
- Bedrooms:
- 1
- Bathrooms Total:
- 1
- Full Bath:
- 1
Measures
- Living Area:
- 605 Sqft
- Built-Up Area:
- 605 Sqft
- Lot Size Unit:
- Square Feet
Property Features
- View from the Property:
- City
- Waterfront:
- No
- Security:
- Smoke Detector(s), Fire Sprinkler System, Complex Fenced, Secured Garage/Parking
- Furnished:
- Unfurnished
- Appliances:
- Refrigerator, Electric Range
- Interior:
- First Floor Entry, Bedroom On Main Level, Elevator
- Exterior:
- Fence
- Air Conditioning
- Air Conditioning System:
- Central Air
- Heating
- Heating System:
- Electric
- Property Entrance Faces:
- North
Construction
- Year Built:
- 1988
- Year Built Details:
- Effective Year Built
- Architectural Style:
- Other
- Entry Level (floor):
- 6
- Entry Level Location:
- 6
- Construction Materials:
- Block
- Flooring:
- Ceramic Tile
- Number of stories:
- 6
Taxes and Expenses
- Tax Annual Amount:
- $2,415.00
- Tax Year:
- 2024
- Association Fee:
- $210.00
- Association Fee Frequency:
- Monthly
- Property Tax Status:
- Tax Reflects No Exemptions
Parking
- Garage
- Garage Spaces:
- 1
- Carport Spaces:
- 1
- Covered Spaces:
- 2
- Parking Features:
- One Space, Garage Door Opener
- Carport
Community
- Pets Allowed?:
- Yes, Conditional
- Amenities Provided by the Homeowner's Association (HOA):
- None, Elevator(s)
- Subdivision Name:
- RIOPLAZA CONDOMINIUM SOUT
- Association Fee Includes:
- Maintenance Grounds, Sewer, Water, Trash, Maintenance Structure, Association Management, Laundry
- Complex Name:
- RioPlaza
- Senior Community:
- No
- Restrictions:
- Okay to Lease During First Year of Ownership, Okay to Lease
Terms
- Disclosures:
- Special Assessment
- Listing Terms Considered by Seller:
- Cash
- Occupant Type:
- Tenant
- Buyer Possession:
- Closing And Funding
Zoning and Legal
- Tax Legal Description:
- RIOPLAZA CONDOMINIUM SOUTH UNIT 611 UNDIV .01339 INT IN COMMON ELEMENTS OFF REC 13859-290 OR 13940-2876 1288 1
- Real Estate Folio Number (Parcel Number):
- 01-41-38-068-0530
Listing History
- Originally published on:
- April 25, 2025 12:34 pm
- Active on the market since:
- April 25, 2025
- Price change occurred on:
- December 12, 2025 4:52 pm
- Listing Status Last Changed On:
- April 13, 2026 8:31 pm
- Photos updated on:
- April 25, 2025 4:45 pm
- Last Modified:
- April 14, 2026 12:32 am
Additional Information
- Unit View:
- Skyline View
- Housing Older Persons Act:
- No HOPA
- Unit Design:
- Other
- Type of Association:
- Condo
- Minimum Number of Days per Lease:
- 365
- Type of Governing Bodies of the Association:
- Condominium
- Pet Fee:
- $0.00
- Number of Times Leased per Year:
- 1
- Flood Zone:
- AE
- Application Fee:
- $100.00
- Style:
- Condo 5+ Stories
- Municipal Code:
- 1
- Subdivision Number:
- 68
- Courtesy of:
- Luxe Properties
- Attribution:
- Not provided
Location
- Street Name:
- 1st St
- Street Number:
- 546
- Unit Number:
- 611
- City:
- Miami
- State:
- Florida
- Zip Code:
- 33130
- County:
- Miami-Dade
- Latitude:
- N25° 46' 21.2''
- Longitude:
- W81° 47' 46.8''
- Street Direction Prefix:
- SW
Property Map
Neighborhood Stats
Source: U.S. Census Bureau, ACS 5-Year Estimates
Median Household Income
$57,933
Median Home Value
$479,800
Median Rent
$1,656/mo
Median Age
37
Population
32,363
Air Quality
Source: AirNow.gov · Miami
🌬️ Air Quality Index (AQI)
55
Moderate
☀️ O3
45
Good
🫁 PM2.5
55
Moderate
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