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Waterfront · Condominium
$229,000$227 / sqft
2640 NE 135th St # 415, North Miami FL 33181
Listed
2
Bedrooms
2
Bathrooms
1,010 sqft
Interior
1972
Year built
$632 / mo
HOA
Condominium
Type
About this home
Discover this beautifully renovated 1-bedroom en, plus DEN, 1.5 bathroom residence on highly desirable NE 135th Street in North Miami. Featuring elegant flooring throughout, beautifully updated bathrooms, and a bright, open-concept layout, this apartment offers both style and comfort. Located in an exclusive, boutique style four story building, the property offers an intimate living environment complemented by desirable waterfront amenities, including a boat dock available for rent, a swimming pool, and a sun deck, perfect for enjoying the South Florida lifestyle. An excellent opportunity for both homeowners and investors! The unit is currently through December 1, 2026, and the current tenant would like to continue renting, offering a potential opportunity for rental income from day one, subject to a new lease agreement. The building is undergoing its 40-year recertification process, and no additional special assessments are anticipated, according to the information provided by the seller. Seller paid the Special assesments. Enjoy a sought-after North Miami location with convenient access to shopping, dining, major roadways, and waterfront attractions. Whether you're looking for a charming place to call home or a promising investment property, this renovated residence is an opportunity worth exploring!
Features
- Closet Cabinetry
- Cooking Island
- Elevator
- Den/Library/Office
- East Of Us1
- Open Balcony
- Other View
- Skyline
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 $2,300–$5,569.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.