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Waterfront · Condominium
$229,000$284 / sqft
2020 NE 135th St # 506, North Miami FL 33181
Listed
1
Bedrooms
1
Bathrooms
807 sqft
Interior
1969
Year built
$688 / mo
HOA
Condominium
Type
About this home
One of the nicest units in the building! Ideally located close to shopping, dining, entertainment, and the all-new UM Hospital complex, this beautifully remodeled residence offers stunning water views and an open balcony where you can relax and enjoy seeing the boats go by in front of you. The unit features an open-concept kitchen, custom-built closets, stylish vinyl flooring throughout, stainless steel appliances, and numerous quality upgrades. Offered partially furnished, it provides a move-in-ready opportunity for both homeowners and investors alike. The secure building includes one assigned parking space and ample guest parking. With its exceptional condition, attractive upgrades, and beautiful water views, this is a unit your clients will not want to miss.
Features
- Walk-In Closet(s)
- East Of Us1
- Open Balcony
- Canal
- Pool Area View
- Water View
Leasing
- Minimum lease
- 180 days
- Leases permitted per year
- 2
- Ok To Lease
- Okay To Lease 1st Year
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.
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 1-bed rentals across Miami-Dade, from 200 active listings; the middle half ask $2,000–$3,500.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.