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Condominium
$345,000$362 / sqft
8923 NE 4th Ave Rd # 8923, Miami Shores FL 33138
Listed
3
Bedrooms
3
Bathrooms
952 sqft
Interior
1974
Year built
$1,105 / mo
HOA
Condominium
Type
About this home
Unbeatable value in Miami Shores! This rare 3-bedroom, 2.5-bath townhouse with a den offers approximately 1,500 sq. ft. of living space and the best price per square foot in the area (tax records reflect incorrect square footage; buyer to verify). Enjoy peace of mind with a new A/C and water heater, both installed in June 2025. Plus, it’s approved for conventional financing with as little as 5% down. Live truly hassle-free: the comprehensive HOA fee covers water, lawn care, roof, exterior structure, master insurance policy, and pool. The home is just one block from a toddler playground. Residents also have access to Miami Shores amenities, including the Aquatic Center with pools and a kids’ splash zone, public library, country club with an 18-hole golf course, tennis courts, and more. Call today to schedule your private tour!
Features
- First Floor Entry
- Den/Library/Office
- Other
- Garden View
Leasing
- Minimum lease
- 180 days
- Leases permitted per year
- 2
- Ok To Lease
Leasing terms as stated in the MLS listing, not verified by us. The association’s governing documents control what is actually permitted and can change — confirm before you buy.
Location
Run the numbers
We fill in the price and the building's HOA dues. That leaves tax, insurance and maintenance — they depend on your exemptions, your insurer and the unit, so we don't guess them. Rent starts from what comparable units are asking nearby. Vacancy and the loan terms below start at common defaults; change them.
Median asking rent for 3-bed rentals across Miami-Dade, from 200 active listings; the middle half ask $2,900–$11,700.That is what landlords ask, not what units let for — edit it if you know better.
Our default, not a market figure
From the listing
Depends on assessed value & exemptions
Varies widely by building
Repairs, turnover, management
Cap rate
Cash-on-cash
Monthly cash flow
Net operating income
Enter property tax, insurance, maintenance to see the returns. A cap rate calculated without every cost overstates the deal — often by half — so we don't show a partial one.
Illustration only — not a loan offer, quote, or investment advice. We are not a lender and neither offer nor arrange financing. The loan fields start at 20% down over 30 years at 6.5% (rates as of July 2026); that is a nominal rate for illustration, not an APR, and your actual terms will differ. Cap rate is unlevered; cash-on-cash counts the down payment as invested capital and excludes closing costs.
Listing data from the MIAMI Association of REALTORS® (MIAMIRE) IDX program. Information deemed reliable but not guaranteed. Demo data shown for layout purposes.