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Waterfront · Condominium
$279,000$244 / sqft
2841 NE 163rd St # 802, North Miami Beach FL 33160
Listed
2
Bedrooms
2
Bathrooms
1,145 sqft
Interior
1969
Year built
$1,022 / mo
HOA
Condominium
Type
About this home
Investor/Family Opportunity: 2BR + Den (currently used as a 3rd bedroom for kid) with Oleta River views in desirable Eastern Shores. No assessments in last 2 years, strong reserves, and building recently passed 50-year recertification. Building completed concrete restoration, fresh paint & new glass balconies. Upgrades include open kitchen with granite & SS appliances, updated baths, built-out closets, new electrical panel, tankless water heater. Oversized primary, accordion shutters, 1 covered parking. Investor opportunity: Owner willing to lease back – immediate income potential. Prime location minutes to beach, Aventura, Bal Harbour, shops & dining. Easy to show.
Features
- Built-in Features
- Pantry
- Walk-In Closet(s)
- Den/Library/Office
- Courtyard
- Garden View
- Skyline
Leasing
- Minimum lease
- 181 days
- Leases permitted per year
- 2
- No Lease First 2 years
- Ok To Lease
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 2-bed rentals across Miami-Dade, from 200 active listings; the middle half ask $2,350–$4,900.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.