Rio Plaza Condominiums 546 SW 1st St Unit 611 Miami, FL 33130
Riverside NeighborhoodEstimated payment $1,580/month
Total Views
4,237
1
Bed
1
Bath
605
Sq Ft
$355
Price per Sq Ft
Highlights
- Skyline View
- Ceramic Tile Flooring
- 1 Car Garage
- Secured Garage or Parking
- Central Air
- Laundry Facilities
About This Home
Back on the Market CASH ONLY --- Attention Investors!!! 8% 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!
Showings only with accepted offer*** It is the responsibility of the buyer’s agent to verify all information and conduct due diligence***
Property Details
Home Type
- Condominium
Est. Annual Taxes
- $2,415
Year Built
- Built in 1988
Lot Details
- North Facing Home
- Fenced
HOA Fees
- $210 Monthly HOA Fees
Parking
- 1 Car Garage
- 1 Carport Space
- Automatic Garage Door Opener
- Secured Garage or Parking
Interior Spaces
- 605 Sq Ft Home
- Ceramic Tile Flooring
- Electric Range
Bedrooms and Bathrooms
- 1 Bedroom
- 1 Full Bathroom
Home Security
Accessible Home Design
- Accessible Elevator Installed
Utilities
- Central Air
- Heating Available
Listing and Financial Details
- Assessor Parcel Number 01-41-38-068-0530
Community Details
Overview
- Mid-Rise Condominium
- Rioplaza Condos
- Rioplaza Condominium Sout Subdivision
- 6-Story Property
Amenities
- Laundry Facilities
Pet Policy
- Breed Restrictions
Security
- Complex Is Fenced
- Fire and Smoke Detector
- Fire Sprinkler System
Map
About Rio Plaza Condominiums
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Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $2,415 | $103,244 | -- | -- |
| 2024 | $2,201 | $93,859 | -- | -- |
| 2023 | $2,201 | $85,327 | $0 | $0 |
| 2022 | $1,876 | $77,570 | $0 | $0 |
| 2021 | $1,703 | $70,519 | $0 | $0 |
| 2020 | $1,619 | $99,717 | $0 | $0 |
| 2019 | $1,540 | $99,717 | $0 | $0 |
| 2018 | $1,444 | $102,670 | $0 | $0 |
| 2017 | $1,402 | $48,167 | $0 | $0 |
| 2016 | $1,319 | $43,789 | $0 | $0 |
| 2015 | $1,174 | $39,809 | $0 | $0 |
| 2014 | $1,123 | $36,190 | $0 | $0 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 05/29/2025 05/29/25 | Price Changed | $215,000 | -2.3% | $355 / Sq Ft |
| 04/25/2025 04/25/25 | For Sale | $220,000 | 0.0% | $364 / Sq Ft |
| 05/01/2024 05/01/24 | Rented | $1,900 | 0.0% | -- |
| 04/09/2024 04/09/24 | Under Contract | -- | -- | -- |
| 04/05/2024 04/05/24 | For Rent | $1,900 | 0.0% | -- |
| 03/25/2024 03/25/24 | Price Changed | $1,900 | +5.6% | $3 / Sq Ft |
| 03/22/2024 03/22/24 | Under Contract | -- | -- | -- |
| 03/05/2024 03/05/24 | Price Changed | $1,800 | -2.7% | $3 / Sq Ft |
| 02/05/2024 02/05/24 | For Rent | $1,850 | 0.0% | -- |
| 05/12/2023 05/12/23 | Rented | $1,850 | 0.0% | -- |
| 04/21/2023 04/21/23 | Under Contract | -- | -- | -- |
| 04/03/2023 04/03/23 | For Rent | $1,850 | -- | -- |
Source: MIAMI REALTORS® MLS
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Closed | $29,575 | New Conventional |
Source: Public Records
Similar Homes in the area
Source: MIAMI REALTORS® MLS
MLS Number: A11789786
APN: 01-4138-068-0530
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