546 SW 1st Street 611, Miami, FL 33130

$196,000

Virtual Tour

https://www.propertypanorama.com/instaview/mia/A11789786

Property Type: Residential Bedrooms: 1 Baths: 1 Square Footage: 605 Status: Active

Current Price: $196,000 List Date: 4/26/2025 Last Modified: 6/17/2026

Overview

Description

WE BACK BABY--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!It is the responsibility of the buyer’s agent to verify all information and conduct due diligence***TEXT LA for faster response!

Listing Details MLS# A11789786

General Property Information

Unit Floor #: 6
Property Sub Type: Condominium
Bedrooms Total: Yes
Bathrooms Total: Yes
Bathrooms Full: Yes
Building Area Main: 605
Living Area Main: 605
Adjusted Area Main: 605
Year Built: 1988
Garage YN: Yes
Garage Spaces: Yes
Carport YN: Yes
Carport Spaces: Yes
Covered Spaces: 2
Senior Community YN: No
Outdoor Living Spaces YN: Yes
Stories Total: 6
Direction Faces: North
Furnished: Unfurnished

Property Features

Application Information: 3-4 Weeks Approval; Association Approval Required; Personal Interview Required Association Fee Includes: Elevator; Maintenance Grounds; Maintenance Structure; Sewer; Trash; Water Electric: Circuit Breakers Flooring: Ceramic Tile Leasing Permitted Details: Okay To Lease; Okay To Lease During First Year Parking Features: Garage Door Opener Appliances: Electric Range; Refrigerator Architectural Style: Other Construction Materials: Block Cooling: Central Air Association Type: Condominium Fencing: Fenced Heating: Electric Interior Features: Elevator Listing Terms: Cash Pets Allowed YN: Yes Pets Allowed: Pet Restrictions Possible Possession: Negotiable Qualifying Requirements: Minimum Down Payment Required Security Features: Fire Alarm; Fire Sprinkler System; Secured Garage/Parking; Security Fence; Smoke Detector(s) Tax Information: Tax Reflects No Exemptions View: Skyline

Contract Information

Comp Sale YN: No
Original List Price: 220000
Occupant Type: Vacant

Location and Legal

Country: United States
County Or Parish: Miami-Dade
County Parish Name: Miami-Dade
Street Number: 546
Street Direction Prefix: SW
Street Name: 1st
Street Suffix: Street
Unit Number: 611
City Name: Miami
Municipal Code: Yes
State Or Province: FL
Postal Code: 33130
Postal Code +4: 1388
Postal Zip: 33130
Subdivision Name: RIOPLAZA CONDOMINIUM SOUT
Area: 2410
Elementary School: Riverside (Miami-Dade)
Middle Or Junior School: Jose De Diego
High School: Booker T. Washington
Special Assessment YN: No
Parcel Number: 0141380680530
Subdivision Number: 68
Flood Zone: AE

Financial Information

Association YN: Yes
Association Fee: 239
Association Fee Frequency: Monthly
Application Required YN: Yes
Membership Fee Required YN: No
Tax Annual Amount: 2469
Tax Year: 2025
Tax Legal Description: RIOPLAZA CONDOMINIUM SOUTH UNIT 611 UNDIV .01339 INT IN COMMON ELEMENTS OFF REC 13859-290 OR 13940-2876 1288 1

Status Change Information

Major Change Timestamp: 2026-06-18T00:32:07Z
Major Change Type: Back on Market
Price Change Timestamp: 2026-06-17T23:42:28Z
Status Change Date: 2026-06-17

More Information

Application Fee Details

Application Fee Required: Yes
Application Fee: 100

Entry Information

Entry Level: Yes

Leasing Permitted Details

Leasing Permitted YN: Yes
Okay To Lease: Yes
Okay To Lease During First Year: Yes

Parking Information

Open Parking Spaces: Yes
Parking Space Number: Yes

Leasing Restrictions

Leasing - Max Times Per Year: Yes
Leasing - Minimum Number of Days: 365

Price Calculations

Current Price To SqFt: 323.96

Section Details

Parcel Number MLX: 0530

Originating Details

Originating System Key: 410495747
Originating System ID: M00000151

Office/Member Information

DXORIGMLSID: SEF

Application Information

3-4 Weeks Approval: Yes
Association Approval Required: Yes
Personal Interview Required: Yes

Amenities

Laundry: Yes
Management: Yes
None: Yes

Association Fee Includes

Elevator: Yes
Maintenance Grounds: Yes
Maintenance Structure: Yes
Sewer: Yes
Trash: Yes
Water: Yes

Electric

Circuit Breakers: Yes

Flooring

Ceramic Tile: Yes

Parking Features

Garage Door Opener: Yes

Fencing

Fenced: Yes

Possession

Negotiable: Yes

Qualifying Requirements

Minimum Down Payment Required: Yes

View

Skyline: Yes

Heating

Electric: Yes

Appliances

Electric Range: Yes
Refrigerator: Yes

Construction Materials

Block: Yes

Interior Features

Elevator: Yes

Listing Terms

Cash: Yes

Security Features

Fire Alarm: Yes
Fire Sprinkler System: Yes
Secured Garage/Parking: Yes
Security Fence: Yes
Smoke Detector(s): Yes

Architectural Style

Other: Yes

Cooling

Central Air: Yes

Association Type

Condominium: Yes

Master Bedroom/Bath

Bedroom On Entry Level: Yes

Pets Allowed YN

Yes: Yes

Pets Allowed

Pet Restrictions Possible: Yes

Tax Information

Tax Reflects No Exemptions: Yes

Listing Office: Luxe Properties

Last Updated: June - 17 - 2026

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546 SW 1st Street 611, Miami, FL 33130 (MLS# A11789786)